Berkshire Hathaway's New Leader Has Loaded Up on Alphabet With $10 Billion in Cash. Here's the Likely Reason.
The conglomerate has dramatically increased its stake in a tech company Warren Buffett took a liking to toward the end of his tenure as CEO.
Overview
At the end of last year, Warren Buffett retired as chairman and CEO of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) and passed the reins to Greg Abel. Although Buffett still has some influence on the company, it's clear that Abel and Berkshire Hathaway are embracing new strategies.
Since Abel took over, Berkshire Hathaway's stock portfolio has changed a bit, and one of the biggest shifts is that it has loaded up on Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). Berkshire Hathaway purchased its first Alphabet shares in late 2025, but Abel has taken it up a notch. It's now Berkshire Hathaway's fifth-largest holding, accounting for 8.7% of its stock portfolio (across both share classes).
Image source: The Motley Fool.
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Originally published at www.fool.com.