Berkshire Hathaway Doubles Down on Alphabet Investment

Berkshire Hathaway, the conglomerate led by Warren Buffett, increased its stake in Alphabet (parent of Google and YouTube) by 83% in the second quarter. The company now owns nearly 106 million shares worth around $37.8 billion, making it Berkshire's third-largest stock holding.

This significant investment was announced earlier this year when Berkshire revealed a $10 billion commitment to help Alphabet expand its AI infrastructure. As of June 30, Apple remained the largest stock investment for Berkshire, valued at around $66 billion, followed by American Express at $51.3 billion.

Berkshire's cash stake fell to $364.7 billion on June 30 from $380.2 billion on March 31, reflecting a decline in its enormous cash pile left behind by Buffett when he stepped down as CEO last year. Chief Executive Greg Abel has been working to reduce the company's cash holdings.

The investment manager, Ted Weschler, handled 6% of Berkshire's stock holdings, while Abel oversaw 94%. The changes in Berkshire's U.S.-listed stock holdings were disclosed in a regulatory filing describing its equity portfolio as of June 30, worth around $323.8 billion.