Abel Unveils Berkshire's Second-Quarter Moves Amid Ongoing Portfolio Shift
Berkshire Hathaway's second-quarter 13F filing is expected to provide insight into CEO Greg Abel's strategy for reshaping the conglomerate's equity portfolio. This will be only the second quarterly disclosure under Abel's leadership, following an active first quarter where Berkshire became a net buyer of equities.
The company has already revealed that it purchased more than $23 billion in stocks during the second quarter, but the 13F filing will disclose where much of that capital was deployed. One confirmed investment is Berkshire's purchase of at least $10 billion worth of Alphabet stock as part of Google parent's equity fundraising tied to its AI infrastructure spending.
Berkshire had already accumulated roughly 58 million Alphabet shares before the latest purchase, increasing its holding to about 86 million shares by the end of June. If estimates prove accurate, Alphabet would be worth nearly $35 billion within Berkshire's portfolio, alongside Coca-Cola as one of the conglomerate's largest equity holdings.
The company also disclosed purchases of nearly $2 billion in Japanese insurer Tokio Marine and more than $1 billion of additional investments in Japanese trading companies. The second-quarter filing showed that Berkshire sold more than $3 billion of stocks during the quarter, but at a slower pace than the first quarter.