Berkshire Shifts Toward Alphabet

Berkshire Hathaway has revealed a new US$4.3 billion position in Alphabet while cutting back on its long-standing Apple stake, according to a fresh SEC filing. The update reflects a broader portfolio reshuffle as the conglomerate leans into liquidity and prepares for a leadership handoff.

New Tech Allocation. Berkshire now holds 17.85 million Alphabet shares, marking its tenth-largest U.S. equity position. At the same time, it reduced its Apple holdings from 280 million to 238.2 million shares, though Apple remains its single largest investment at US$60.7 billion.

Broader Rebalancing. Beyond tech, Berkshire sold 6% of its Bank of America holdings, exited homebuilder DR Horton, and added to positions in Chubb and Domino’s Pizza. Across the quarter, the firm bought US$6.4 billion and sold US$12.5 billion in stocks, extending its run as a net seller to twelve straight quarters.

Record Cash for a New Era. The company’s cash reserves hit an unprecedented US$381.7 billion as it prepares for Greg Abel to assume CEO duties on January 1. The timing and size of the Alphabet purchase may signal how investment leadership is gradually shifting among Berkshire’s portfolio managers.

Berkshire’s latest moves show a measured rotation: trimming oversized tech exposure, building dry powder, and signaling how investment decisions may evolve once the Buffett era officially transitions to Abel’s leadership.