Berkshire Hathaway Increases Stake in Alphabet by 83% Under Greg Abel
Under new CEO Greg Abel, Berkshire Hathaway has significantly increased its stake in Alphabet (GOOG), growing it by 83% during the last quarter. This move positions Alphabet as one of the top holdings within Berkshire's equity portfolio and raises questions about whether it could become a core holding alongside Coca-Cola, American Express, and Apple. Warren Buffett previously described his decision to invest in Google (now part of Alphabet) as incorrect but acknowledged its importance through early advertising partnerships with Geico. While he has expressed reservations due to the company's high capital expenditures, Abel may have a different perspective on tech investments than Buffett did. The current position accounts for about 10% of Berkshire’s stock portfolio and is now among the largest equity positions. Berkshire also holds significant stakes in other companies like Occidental Petroleum and Chevron but has not yet designated them as core holdings. With Alphabet's growing presence, it may soon join Buffett's original 'big three' favorites.
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Topics: Alphabet Berkshire Hathaway Stock Portfolio Warren Buffett