Berkshire Hathaway Elevates Alphabet as Top Holding Amid Portfolio Revisions
For the first time since Warren Buffett retired as CEO on December 31, 2024, his successor Greg Abel has reshaped Berkshire Hathaway's $359 billion investment portfolio. Coca-Cola and Bank of America have been downgraded in rank within the top five holdings, while Alphabet (Google’s parent company) now holds third place after a significant $17 billion purchase by Berkshire during Q2 2026. Coca-Cola remains a core holding due to its long-term value and high yield on cost basis. However, Bank of America has been gradually reduced for eight consecutive quarters as it no longer appears undervalued compared to book value. Alphabet's rise is attributed to its dominant market position in internet search (89-93% global share) and YouTube advertising growth. Berkshire’s increased stake in Alphabet reflects confidence in the company’s AI ambitions, cloud computing success—Google Cloud revenue grew 82% year-over-year—and strong operating margins. The shift signals a strategic pivot under Abel toward tech-driven investments.
Tickers: $BAC $GOOG $GOOGL $KO
Topics: Dividend Investing Leadership Change Portfolio Management