Berkshire Boosts Alphabet Stake by 83%! Buffett's Successor Makes Bold Move, Now Third-Largest Holding

Following Warren Buffett's retirement as CEO, Berkshire Hathaway has been led by new CEO Greg Abel. Not only did the company report strong second-quarter earnings, but it has also finally re-entered the market with aggressive investments—particularly increasing its stake in Alphabet, Google's parent company. According to reports, Berkshire's position in Alphabet surged 83% from the previous quarter, making it the company's third-largest holding, behind only Apple and American Express.

Reuters reported that, according to filings submitted to regulators, as of June 30, Berkshire held nearly 106 million shares of Alphabet stock, valued at approximately $37.8 billion (about NT$1.21 trillion), far exceeding the 57.8 million shares held at the end of March. This includes the $10 billion Berkshire announced in June to help expand Alphabet's AI infrastructure.

Greg Abel, the new CEO of Berkshire Hathaway. (Photo credit: AP)

Apple remains Berkshire's largest holding, valued at $66 billion as of the end of June, followed by American Express at $51.3 billion. Alphabet has now become the third-largest holding. Coca-Cola ranks fourth, and Bank of America fifth.

The report highlights a clear shift in Berkshire's capital allocation: in Q2, it bought $23.5 billion worth of stocks and sold $3.7 billion, ending a streak of 14 consecutive quarters of net stock sales. Cash holdings dropped to $364.7 billion as of June 30, down from $380.2 billion on March 31.

Although Buffett stepped down as CEO last year, he remains chairman, and the investment strategy of new CEO Greg Abel continues to draw significant market attention.

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