Berkshire Invests $17 Billion in Alphabet Shares

Buzzline

During the second quarter, Berkshire Hathaway increased its investment in Alphabet by $17 billion, elevating the parent company of Google to become the conglomerate's third-largest stock holding, valued at approximately $36.6 billion. Roughly 60 percent of the newly acquired shares were obtained through a $10 billion private placement deal revealed in June, with the remainder purchased on the open market. CEO Greg Abel, who succeeded Warren Buffett at the beginning of the year, also raised Berkshire's ownership in Delta Air Lines by 44 percent. This marks the first quarter in 14 where Berkshire has engaged in net stock purchases, despite investor Michael Burry openly questioning whether Abel’s initial strategy aligns with Buffett’s renowned investment principles. Disclosure: This video contains stock footage and content created or enhanced using AI-assisted tools.  ai-generated

Transcript

00:00Warren Buffett may have stepped back.

00:02But Berkshire Hathaway just made one of its biggest bets yet.

00:05The company added $17 billion to its Alphabet stake during the second quarter,

00:11making Google's parent company Berkshire's third-largest equity holding,

00:16worth roughly $36.6 billion.

00:19About 60% of those new shares came through a $10 billion private placement deal announced back in June,

00:25with Berkshire buying the rest right on the open market.

00:28New CEO Greg Abel, who took over from Buffett at the start of the year,

00:34also boosted Berkshire's Delta Airlines stake by 44%.

00:37It marks the company's first quarter of net stock, buying in 14 quarters.

00:42But not everyone's convinced.

00:44Investor Michael Burry has publicly questioned

00:47whether Abel's early moves really match Buffett's famous investing discipline.

00:52Disclosure.

00:53This video contains stock footage and content created or enhanced using AI-assisted tools.

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