US EditionWarren Buffett’s Berkshire Hathaway reveals $4B stake in Google parent, sells more Apple
Berkshire Hathaway acquired about 18 million Alphabet shares worth $4.3 billion to strengthen AI exposure while reducing its Apple stake by 15%, filings show.
- 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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Sydney Morning Herald
Brisbane TimesASX drops 1.9 per cent in $60 billion sell-off as tech stocks dive on AI worries
Investors wiped more than $60 billion off the Australian sharemarket on Tuesday as the ASX posted its biggest fall since Donald Trump’s Liberation Day tariffs announcement in April.
Buffett's Bet on Alphabet: He's Timed Magic, Again, At 95 Years Old
Warren Buffett will be officially stepping down as Berkshire Hathaway’s (NYSE:BRK-B) CEO in a little over a month. But until he’s out of his seat, Buffett appears to be very willing to make big moves within his portfolio that will benefit other generations down the line. Quick Read Alphabet reported $3.10 EPS last quarter and crushed expectations of $2.33. Berkshire’s Alphabet bet follows trimming of its Apple position to maintain tech exposu…
Alphabet shares jump to record on $4.9B Berkshire stake | Honolulu Star-Advertiser
Alphabet shares rallied nearly 6% to a record high today after Berkshire Hathaway’s new stake provided an endorsement of the tech giant’s artificial intelligence efforts amid heightened worries over a looming bubble.
The billionaire gesture caused a dramatic 5.2% increase in the company owned by Google
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