Berkshire Hathaway Drops $17 Billion on Alphabet
Berkshire Hathaway's latest portfolio filing shows that the conglomerate has made a $17 billion investment in Alphabet, elevating Google's parent company to its third-largest equity holding.
The purchase was worth about $36.6 billion and represents a significant shift in Berkshire's equity portfolio, as Alphabet had not previously ranked among the conglomerate's largest disclosed holdings.
Berkshire added about 48.1 million Alphabet shares during the quarter, with approximately 60% of those shares acquired directly from Alphabet as part of a $10 billion private placement announced by the companies in early June.
The investment also gives Berkshire greater exposure to the technology and artificial intelligence spending cycle, which is driving enormous capital spending. The company has been investing heavily in AI infrastructure and models, intensifying competition across the technology industry.