Berkshire Boosts Alphabet to Third-Largest Holding, Ending 14-Quarter Net Selling Streak
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Berkshire Hathaway raised its Alphabet stake by 83% to roughly 106 million shares — valued at about $37.8–37.9 billion — making it the firm's third-largest U.S. equity holding; the move helped end a 14-quarter net-selling streak, with net purchases approaching $20 billion and signaling a clear shift in capital-deployment pace under CEO Greg Abel.
Why vault Alphabet to the No. 3 spot in one quarter?
Berkshire increased its Alphabet position by 83% to roughly 106 million shares, worth about $37.8–37.9 billion at quarter-end — now trailing only Apple and American Express.
The bulk came from a $10 billion private placement completed in early June. Alphabet issued new shares to fund AI infrastructure, and Berkshire participated.
This means → Berkshire did not accumulate gradually on the open market. It locked in a large block through a directed offering — essentially a wholesale-priced entry ticket.
Warren Buffett told CNBC the Alphabet conviction was his own call, with CEO Greg Abel's support.
Airlines and homebuilders — what else did Berkshire add?
Delta Air Lines holdings rose 44% to 57.3 million shares, valued at roughly $5.4 billion. Berkshire had dumped all airline stocks early in the pandemic; this re-entry marks a renewed bet on air travel.
Homebuilder Lennar Class A shares were increased by nearly 30% to 13.1 million shares, worth about $1.19 billion; Class B shares rose 25%.
Berkshire also opened a tiny new position in D.R. Horton (just 3,600 shares) and completed its $6.8 billion acquisition of homebuilder Taylor Morrison, which closed last month.
In plain terms = Berkshire is betting on two real-economy demand lines at once — people traveling and people buying homes.
The 14-quarter selling streak is over — what does that signal?
Berkshire was a net buyer of equities this quarter, purchasing close to $20 billion on a net basis and ending a run of 14 consecutive quarters of net selling. It also spent roughly $4.5 billion on share buybacks.
Cash reserves fell from a record $397.4 billion to $365.5 billion — a drop of about $31.9 billion.
This means → under Abel's leadership, the capital-deployment tempo has visibly accelerated — shifting from "keep stockpiling cash" to "start spending."
Whether the pivot from net selling to net buying reflects a genuine reassessment of market valuations remains to be confirmed by future filings.
Content is for reference only, not financial advice.