Warren Buffett's Berkshire Builds Stake in Alphabet

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00:00We still have Berkshire Hathaway though. That tends to be the one that moves markets. It's that

00:03Alphabet holding that seems to really have captured the market's attention this morning.

00:07100%. He bought a sizable stake in Alphabet. Now this is a position that could be worth more than

00:12$5 billion. It's still his 10th biggest holding, even for such a large purchase. It shows you just

00:18how much money he's putting to work these days. And it's a brand new stake for him. And if we look

00:23at something that he decreased, he cut his Apple exposure by about 15%. Now this is the stock is

00:29still its biggest holding. It still accounts for about a quarter of his total portfolio.

00:34So it may have been more of a rotation to protect the portfolio construction than necessarily

00:41a directional bet. But Alphabet, clearly a directional bet.