Berkshire Hathaway Increases Stake in Alphabet by 83% Under Greg Abel
Under CEO Greg Abel's leadership, Berkshire Hathaway has significantly increased its stake in Alphabet (GOOG), growing it by 83% during the last quarter. This move makes Alphabet one of the largest positions in Berkshire’s equity portfolio and potentially a core holding for the conglomerate. Alphabet was first added to Berkshire’s stock portfolio under Warren Buffett, who later admitted making an incorrect decision on Google. Despite this, Buffett praised other stocks like Coca-Cola, American Express, and Apple as his favorites — which remain central to the portfolio. Abel has maintained continuity in investment strategy while expanding into tech with Alphabet. Berkshire's recent $10 billion private placement deal for Alphabet stock highlights its growing confidence in Google’s long-term potential. While Buffett expressed concerns about Alphabet’s high capital expenditures, Abel may view it differently as a strategic addition to Berkshire’s portfolio.
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Topics: Alphabet (GOOG) Berkshire Hathaway Greg Abel Stock Portfolio Management