Berkshire Hathaway Boosts Alphabet Stake, Adds to Delta Air Lines

Berkshire Hathaway's holdings saw significant changes in Q2, led by a substantial increase in its position in Alphabet. The company added approximately $17 billion worth of Alphabet stock, bringing its total to 106 million shares and making it Berkshire's third-largest holding behind Apple and American Express.

The addition of Alphabet marks a notable move for Berkshire, which has typically shied away from the tech sector but is now taking a more prominent position. This investment aligns with Buffett's preference for companies with strong competitive advantages or 'moats,' as seen in Alphabet's market presence and earnings trajectory.

Berkshire also added to its position in Delta Air Lines, buying 17.5 million shares during the period, bringing its total to 57 million. This move is a departure from Berkshire's previous avoidance of airlines under Buffett's leadership but suggests a new approach under CEO Greg Abel.