Berkshire Hathaway, led by Warren Buffett, has revealed a new $4.3 billion stake in Alphabet, the parent company of Google. The move, disclosed in a regulatory filing for the third quarter, makes Alphabet the tenth-largest holding in Berkshire’s portfolio.
The investment marks a notable shift for Buffett, who has traditionally stayed away from fast-growing tech companies. Analysts believe the purchase was made by Berkshire’s investment managers, Todd Combs or Ted Weschler, who have shown more interest in technology stocks in recent years.
Alphabet’s shares have climbed about 46 percent this year, driven by strong demand for artificial intelligence and the growth of its cloud business. Buffett has previously admitted he missed an early opportunity to invest in Google despite recognizing its potential when his company GEICO was an early advertiser.
At the same time, Berkshire trimmed its large Apple position by another 15 percent, now valued at $60.7 billion. The conglomerate also reduced stakes in Bank of America, Verisign, and DaVita.
This marks the 12th straight quarter in which Berkshire has been a net seller of stocks. The shift comes as the 95-year-old Buffett prepares to step down as CEO at the end of 2025, with Greg Abel set to take over leadership of the company.
