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Warren Buffett’s Berkshire Hathaway reveals $4B stake in Google parent, sells more Apple
Berkshire Hathaway acquired 17.8 million Alphabet shares valued at $4.3 billion and reduced Apple holdings by 15%, reflecting a strategic portfolio shift before Buffett's CEO exit.
- In a filing on Friday with the U.S. Securities and Exchange Commission, Berkshire Hathaway revealed a roughly $4.3 billion stake in Alphabet and trimmed its Apple holdings as of September 30.
- Warren Buffett has historically avoided most technology companies, sticking to his 'circle of competence,' and has publicly lamented missed opportunities to invest in Alphabet in recent years.
- The filing showed Berkshire Hathaway owned 17.85 million Alphabet shares as of September 30, and the team bought $6.4 billion in stocks while selling $12.5 billion, making them net sellers.
- The filing shows holdings that reshape Berkshire's equity portfolio, listed as most of the $283.2 billion equity portfolio, while Greg Abel faces deploying cash as Buffett plans to step down before the new year.
- After building a record $358 billion cash pile, Berkshire faces pressure to deploy it as Alphabet, noted as a $3.4 trillion company, drives this year's tech rally.
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Berkshire reveals new $4.3 billion Alphabet stake, sells more Apple
Berkshire Hathaway revealed a $4.3 billion stake in Google parent Alphabet and further reduced its stake in Apple , detailing its equity portfolio for the last time before Warren Buffett ends his 60-year run as chief executive officer.
·United Kingdom
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Coverage Details
Total News Sources44
Leaning Left6Leaning Right10Center8Last UpdatedBias Distribution42% Right
Bias Distribution
- 42% of the sources lean Right
42% Right
L 25%
C 33%
R 42%
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