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2h ago

Berkshire Takes $4.3 Billion Alphabet Stake as It Cuts Apple and Bank of America

The filing signals a cautious, tech-tinged shift in strategy during a record cash build-up.

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Berkshire Hathaway buys $4.3B Alphabet and trims Apple
Warren Buffett is the CEO of Berkshire Hathaway.
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Overview

  • An SEC filing showed Berkshire owned 17.85 million Alphabet shares as of Sept. 30, a stake valued at about $4.3 billion at quarter end.
  • The Alphabet position ranks among Berkshire’s ten largest U.S. holdings and was disclosed in the final portfolio update before Warren Buffett exits the CEO role.
  • Berkshire trimmed Apple to 238.2 million shares valued at roughly $60.7 billion, and it sold 37.2 million Bank of America shares to a holding of about 7.7%.
  • The company was a net seller for the 12th straight quarter and reported a record cash pile of roughly $382 billion.
  • It is unclear whether Buffett, his portfolio managers Ted Weschler and Todd Combs, or CEO-designate Greg Abel initiated the Alphabet purchase, as Berkshire also pursued selective deployments including OxyChem and a $1.6 billion UnitedHealth stake.