Berkshire Hathaway spent 3.5 years selling more stock than it bought.
And then last quarter, they finally became a net buyer for the first time since 2022…
The cash pile came down from a record $397.4 billion in March to $365.5 billion in June. And Friday’s filing showed where the money went.
Mostly in one name…
Alphabet.
Berkshire now owns roughly 106 million shares of Google’s parent, worth about $37.9 billion at the end of June.
The position grew 83% in a single quarter, pushing past Coca-Cola into third place behind only Apple and American Express.
Every headline this weekend has read the same way…
Greg Abel has arrived… and the Google buy was his first real mark on the post-Buffett era.
Except Buffett already claimed he was responsible for much of the Google buying…
He told CNBC in June that buying Alphabet was his idea, and Berkshire did indeed start building the stake back in the third quarter of 2025, while he was still in the chair.
So look further down the filing for Abel’s fingerprints.
First a brand new position in D.R. Horton… a bigger position in Lennar… finally Taylor Morrison, bought outright.
3 home builders…
When you consider Abel’s background this makes sense…
He ran Berkshire Hathaway Energy, which is pipelines, power lines and regulated utilities.
His first quarter as a genuine buyer, and he spent a chunk of it on the least fashionable industry in America.
Because NOBODY wants to own a homebuilder right now.
Classic counter-cyclical Berkshire…
But before you run out and blindly buy Google when the market opens tomorrow… I’ll talk about the fallacy of just trying to copy Berkshire’s trades (or any other major fund for that matter)
Until then… do yourself a favor and grab a copy of LEAPS for Beginners
It’ll show you how to benefit from massive growth in a stock WITHOUT committing a ton of money up front…
Oliver