Berkshire Expands Alphabet Stake by 83% in a Record Buying Quarter

Berkshire Hathaway boosted its Alphabet holding by 83% to about 106 million shares (roughly $38 billion) by the end of June, including a $10 billion private placement and an additional 19.6 million shares bought on the open market. Alphabet becomes Berkshire’s third-largest holding after Apple and American Express, signaling a tech tilt under CEO Greg Abel alongside Buffett. Berkshire also raised Delta Air Lines by 44% and started new positions in D.R. Horton, Lennar, and Macy’s while trimming or exiting several others (Capital One, Nucor, Bank of America, Kroger, Constellation Brands). Net stock purchases in Q2 topped $20 billion with $4.5 billion in buybacks, shrinking Berkshire’s cash pile to about $365 billion. The moves come as Berkshire seeks value in a AI-driven market and marks a rare tech exposure shift for the conglomerate.