Berkshire Hathaway Bolsters Stake in Alphabet
Berkshire Hathaway's investment portfolio has undergone significant changes in the last quarter. The company, led by CEO Greg Abel, has increased its position in Alphabet (the parent company of Google), making it one of the largest holdings in Berkshire's portfolio.
This move is notable because Warren Buffett and Charlie Munger have historically spoken positively about Alphabet, describing it as an exceptionally high-quality company with a strong competitive advantage. Despite this, Berkshire has bought into Alphabet even after its significant growth in recent years.
Berkshire also opened a new position in construction company DR Horton and increased some of its existing positions, including in Macy's, Delta Air Lines, and others. However, the company reduced its long-term position in Bank of America and other financial companies.