Greg Abel, the new CEO of Berkshire Hathaway, executed two transactions totaling approximately $16.8 billion over a single weekend.
The conglomerate announced a $6.8 billion all-cash acquisition of homebuilder Taylor Morrison Homes.
This purchase price represents a 24% premium to the homebuilder's previous closing price.
Berkshire also committed $10 billion to purchase Alphabet Class A and Class C shares.
Alphabet will use the capital to fund its artificial intelligence infrastructure.
These moves mark Abel's first major capital allocation decisions since succeeding Warren Buffett.
Investors view the transactions as a signal that Berkshire may become a more active dealmaker.