Berkshire Hathaway Sells Over Half of Nucor Stake and Increases Position in Alphabet
In the second quarter, Berkshire Hathaway sold over half of its stake in steelmaker Nucor (NUE), reducing a position that had grown significantly since early 2025. The move marks a shift away from what was once considered a core investment under Warren Buffett's leadership and suggests potential changes in strategy under new CEO Greg Abel. At the same time, Berkshire increased its holdings in Alphabet Inc. (GOOGL), adding $7 billion worth of shares on top of an earlier private placement deal announced at the start of June. This has elevated Alphabet to become one of Berkshire's largest equity positions behind Apple and American Express. The decision comes as Buffett remains involved with Berkshire but steps back from day-to-day operations. The market is closely watching these moves, particularly given Buffett’s long-standing influence on investment decisions and Abel’s early tenure at the helm.
Topics: AI stocks Berkshire Hathaway Nucor stock trading activity