$17 Billion Bet on Alphabet: Greg Abel's Big Move into Google

Greg Abel, Warren Buffett's designated successor as CEO of Berkshire Hathaway, has made a significant investment in Alphabet, pouring $17 billion into the company during the second quarter. According to Berkshire's Q2 2026 13F filing, Abel acquired 24,541,369 new GOOGL shares and 23,603,218 new GOOG shares. This move positions Alphabet as one of Berkshire's top holdings.

The timing of this investment fits with the company's strong fundamentals. Alphabet reported Q2 2026 revenue growth of 24.2% year over year, and trades at a trailing P/E of 17 with a PEG ratio of 0.937. Shares are up 68.7% over the past year.

This investment is significant because it represents a core holding for Berkshire. Abel is also investing in other sectors, including AI, as seen by the purchase of D.R. Horton and the increase in Lennar shares. The Bank of America trim and the new Delta Air Lines build suggest that Abel is selective about his financials investments.