CEO Greg Abel is leading a strategic investment overhaul at Berkshire Hathaway following Warren Buffett. The conglomerate’s total investment in Japanese firms has reached nearly $43 billion.

Berkshire became a net buyer of equities in the second quarter for the first time in 14 quarters. This capital deployment shift includes significantly increased share buybacks and a larger position in Alphabet.

These moves signal a transformation in how the company utilizes its massive cash reserves. Analysts suggest the conglomerate remains undervalued despite recent gains in its stock price.