Berkshire Hathaway has elevated Alphabet to one of its largest stock holdings, according to a regulatory filing released Friday. The company also increased its bets on Delta and housing.
Key facts
- Berkshire owned about 106 million shares in Alphabet at the end of June.
- The Alphabet stake was worth $37.9 billion.
- The information came from a regulatory filing released Friday.
- Berkshire also increased its bets on Delta and housing.
- Alphabet is now a top three holding for Berkshire.
Berkshire Hathaway has increased its stake in Alphabet, the parent company of Google, making it one of the conglomerate’s largest holdings, according to a regulatory filing released Friday and reported by CNBC.
The filing showed that Berkshire owned about 106 million shares in Alphabet at the end of June. Those shares were worth $37.9 billion at that point.
The move elevates Alphabet to a top three holding within Berkshire’s portfolio, reflecting the company’s growing position in the technology and internet giant.
Alongside the Alphabet position, Berkshire also raised its bets on Delta and on housing, according to CNBC’s report on the regulatory filing.
Regulatory filings of this type offer a snapshot of a company’s disclosed equity holdings at the end of a reporting period, in this case the end of June.
Why it matters
Berkshire Hathaway's investment decisions are closely watched by investors as a signal of confidence in particular companies and sectors. A large stake in Alphabet becoming a top three holding highlights the conglomerate's growing exposure to the technology sector.
Frequently asked questions
How many Alphabet shares does Berkshire own?
According to the regulatory filing released Friday, Berkshire owned about 106 million shares in Alphabet at the end of June.
How much was Berkshire's Alphabet stake worth?
The stake was worth $37.9 billion at the end of June, according to the filing reported by CNBC.
What other bets did Berkshire increase?
Berkshire also increased its bets on Delta and housing, according to CNBC.