Warren Buffett’s Berkshire Hathaway ($BRK.B) disclosed a new $4.3 billion position in Alphabet ($GOOG), making the Google parent its 10th-largest equity holding, according to a new portfolio filing.
Key facts:
- The $4.3 billion Alphabet position marks a rare new tech investment for Berkshire, likely initiated by portfolio managers Todd Combs or Ted Weschler.
- Alphabet shares are up 46% year-to-date on strong AI and cloud demand.
- Berkshire trimmed its Apple ($AAPL) stake by 15% to $60.7 billion, continuing a series of reductions through 2024.
- The conglomerate also cut holdings in Bank of America ($BAC), Verisign, and DaVita during Q3.
- Berkshire has been a net seller of equities for 12 consecutive quarters amid elevated market valuations.
- CEO Warren Buffett, 95, is set to step down at year-end, with Vice Chairman Greg Abel succeeding him.
Relevant Companies
- Berkshire Hathaway ($BRK.B): Opened a new $4.3 billion Alphabet stake and continued portfolio rebalancing.
- Alphabet ($GOOG): Gained a major new institutional investor in Berkshire Hathaway.
- Apple ($AAPL): Berkshire trimmed its largest equity position by another 15% in Q3.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
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