Berkshire Hathaway Builds $37.4 Billion Stake in Alphabet
Berkshire Hathaway has significantly increased its stake in Alphabet (GOOGL), acquiring a total of over 10% ownership with an investment valued at $37.4 billion as of the first half of this year, making it the third-largest position in Berkshire's stock portfolio. The move marks Warren Buffett’s shift toward technology stocks after historically avoiding them due to their complexity. While initial purchases were small and unclearly directed by Buffett himself, recent large-scale acquisitions confirm his active involvement. In an interview with CNBC, Buffett stated he initiated the investment because Alphabet meets his long-standing criteria for high returns on capital over time. Buffett emphasized that while he no longer holds executive roles at Berkshire, current CEO Greg Abel supports and approves all major decisions. The stake in Alphabet reflects a strategic recognition of its durable business model rather than an outright embrace of the broader tech sector.
Tickers: $GOOGL
Topics: Alphabet (GOOGL) Berkshire Hathaway Stock Portfolio Warren Buffett