Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.
CNBC
Warren Buffett’s Berkshire Hathaway revealed a new position in internet and AI giant Alphabet in a filing, making the Google parent the conglomerate’s 10th largest equity holding at the end of September.
Berkshire disclosed a $4.3 billion stake in Alphabet at the end of the third quarter, the filing showed. It marked a surprising move given Buffett’s traditional value investing philosophy and reluctance toward high-growth, tech-driven names. While Berkshire has owned Apple for years, Buffett has called it more of a consumer products company than a pure tech play.
It’s also likely that Berkshire’s investment managers Ted Weschler and Todd Combs bought the tech name. One of them initiated an investment in Amazon back in 2019, and Berkshire still owns $2.2 billion worth of the e-commerce shares.
Alphabet has been the market’s standout winner this year with shares rallying 46%. Strong demand for artificial intelligence drove solid momentum in Alphabet’s cloud business.
Trimming Apple
Berkshire continued paring back its massive Apple stake, trimming the position by another 15% in the quarter to $60.7 billion.
Buffett went on a head-turning selling spree in Apple in 2024, slashing two-thirds of the shares Berkshire held in a surprising move for the famously long-term-focused investor. Berkshire also cut the holding in the second quarter of this year.
Even with the continuous sales, the iPhone maker remains Berkshire’s biggest equity holding.
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