Overview
- Warren Buffett said he led Berkshire Hathaway's purchases of Alphabet and publicly acknowledged that he sold Apple "too soon," clarifying who drove the move.
- Berkshire built its Alphabet position starting in 2025, added more in early 2026 and increased exposure with a June 2026 private placement that brought total Alphabet exposure to roughly $31 billion.
- The conglomerate still holds a larger Apple weighting at about 21 percent of its public-equity book versus roughly 8 percent in Alphabet, after selling hundreds of millions of Apple shares down to about 228 million shares.
- Analysts estimate Berkshire now holds more than about 86 million Alphabet shares and view the buying as a bet on Alphabet's AI engines and products, including Google Gemini and Waymo, even as Alphabet keeps making large infrastructure investments.
- Investors are watching valuation and concentration risks because the moves concentrate Berkshire in a few mega-cap tech names and tie future returns to heavy AI-related capex and execution by Alphabet and Apple.