Alphabet rises to No. 3 in Berkshire holdings, valued at $37.7 billion

2026-08-14

Holdings surge sharply

Alphabet, the parent of Google, rose to third place in Berkshire Hathaway's equity holdings at the end of June. The stake was valued at $37.7 billion, accounting for 13% of the total, after heavy buying in the April-June quarter.

The position became clear in a holdings list filed with the U.S. Securities and Exchange Commission (SEC) on the 14th. Since the end of March, Berkshire increased its voting Class A shares of Alphabet by 45% on a share-count basis and boosted its non-voting Class C shares by 7.6 times. The combined market value rose to $37.7 billion, 2.3 times the level at the end of March.

Buying and selling

On a market-value basis, the position ranked third behind Apple's $65.9 billion stake, or 22% of the total, and American Express's $51.2 billion stake, or 17%.

Alphabet carried out a large capital increase in June to fund investment in artificial intelligence (AI) infrastructure development, and Berkshire took up $10 billion through a third-party allotment. It has become one of Berkshire's core holdings.

Elsewhere, Berkshire raised its Delta Air Lines stake by 44% from the end of March. During the COVID-19 pandemic in 2020, it sold all airline shares including Delta, but has recently been increasing those investments again.

On the other hand, financial stocks stood out on the selling side. Berkshire cut its stake in Bank of America, its fifth-largest holding, by 6%, while Ally Financial and Capital One Financial fell by 7% and 58%, respectively.

Outside 13F reporting scope

Major U.S. institutional investors are required to file Form 13F with the SEC each quarter and disclose their holdings. The requirement applies only to U.S.-listed securities, so it does not include Berkshire's shares in Japanese trading houses or Tokio Marine Holdings. As a result, the disclosure does not show the entirety of its listed equity portfolio.

Renowned investor Warren Buffett will step down as Berkshire's chief executive officer (CEO) at the end of 2025 and focus solely on the chairman role. Greg Abel is the current CEO. Berkshire recorded net stock purchases of $19.7 billion in the April-June quarter, its first such buying in 15 quarters since July-September 2022. Buffett had long held back from net buying, saying he could not find cheap stocks large enough to invest in at scale.

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