A recent Business Insider article reports how Warren Buffett was “fiercely criticized for not deploying Berkshire Hathaway’s vast cash reserves when markets tanked earlier this year,” but that his team rebutted with an announcement of $19 billion in investments for this quarter alone.

The investments include the following:

• $2.1 billion in Bank of America stock
• $735 million in cloud-data company Snowflake
• Approximately $6 billion for 5% stakes in five Japanese trading houses
• $10 billion deal with Dominion Energy
• Plans to invest $900 million in Scripps

The article describes the spending as a “bullish turn for Berkshire after it dumped its stakes in the ‘big four’ US airlines and slashed its financial holdings last quarter,” adding that the $19 billion is a “small but meaningful fraction” of Berkshire’s looming cash pile of $147 billion (as of the end of June).

“The flurry of purchases suggests Berkshire is back on the offensive,” the article concludes, noting that the firm seems to be “casting its net more widely, as it has largely avoided overseas stocks, technology companies, and IPOs in the past.”