Overview
- Berkshire reported owning 17.85 million Alphabet shares as of Sept. 30, a roughly $4.3 billion position that ranked as its 10th-largest U.S. holding.
- The conglomerate cut Apple by about 15% in the quarter to 238.2 million shares, yet the stake remained its largest at $60.7 billion.
- Berkshire sold about 37.2 million Bank of America shares, leaving an approximate 7.7% stake in the lender.
- For the 12th straight quarter the company was a net seller, unloading $12.5 billion of stocks versus $6.4 billion of purchases as cash rose to a record roughly $381.7–$382 billion.
- Other moves included exiting D.R. Horton and adding to Chubb and Domino’s, while it remains unclear whether Warren Buffett, Todd Combs, Ted Weschler, or CEO-designate Greg Abel directed the Alphabet buy.