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Berkshire Increases Alphabet Stake to About $38 Billion

The purchase marks a move from hoarding cash to active, large-scale investing by CEO Greg Abel with Warren Buffett still advising on ideas.

Overview

  • In late August filings Berkshire disclosed it owns roughly 106 million combined Class A and C Alphabet shares worth about $36–38 billion, making the stock one of its largest holdings.
  • About $10 billion of that increase came from a June private placement bought directly from Alphabet at negotiated prices rather than through open-market trades.
  • The company reported a net-buying quarter in Q2 after a long selling streak, deploying part of a record cash and short-term balance that reached roughly $397 billion earlier in 2026.
  • Warren Buffett said he initiated the Alphabet idea but emphasized that CEO Greg Abel has final authority over capital-allocation decisions at the company.
  • Alongside the tech purchase, Berkshire closed an $8.5 billion Taylor Morrison acquisition and raised stakes in Lennar and D.R. Horton, a set of moves that concentrates the portfolio and raises questions about valuation and risk exposure.