Overview
- Regulatory filings show Berkshire owned about 106 million Alphabet shares worth roughly $37.9 billion after an 83% rise in holdings that largely reflects a $10 billion private placement.
- The increase moved Alphabet into the company’s top three U.S. equity positions behind Apple and American Express and included roughly 19.6 million additional open‑market shares bought in the quarter.
- Berkshire was a net buyer in Q2, spending about $23.5 billion on stocks, selling roughly $3.7 billion, and repurchasing $4.5 billion of its own shares, ending a 14‑quarter run as a net seller.
- The conglomerate also boosted cyclical bets by increasing its Delta Air Lines stake by about 44% to roughly $5.4 billion, enlarging its holdings in homebuilder Lennar, and closing the Taylor Morrison acquisition.
- The moves cut cash to roughly $365.5 billion and concentrate Berkshire’s public portfolio, raising exposure to AI‑linked data‑center spending and creating near‑term valuation and allocation questions for investors to watch.