Warren Buffett’s Berkshire Hathaway has quietly made a bold move in the tech world. The legendary investor picked up a fresh $4.9 billion stake in Alphabet during the third quarter—just as he continues reducing his long-held position in Apple. The latest regulatory filing gives a clear peek into how Buffett is reshaping Berkshire’s massive portfolio before stepping down as CEO after nearly six decades.
Berkshire Adds Alphabet, Cuts Apple
According to a US SEC filing, Berkshire bought 17.85 million shares of Google parent Alphabet as of September 30. At Friday’s closing price, the holding is valued at around $4.9 billion. This marks one of Berkshire’s most notable tech bets in recent years.
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At the same time, the conglomerate trimmed its stake in Apple once again—down to 238.2 million shares from about 280 million in the previous quarter. Apple, which was once Berkshire’s crown jewel at over 900 million shares, is now significantly lighter in the portfolio.
Even after the cuts, Apple remains Berkshire’s biggest equity holding, worth $60.7 billion—still nearly a quarter of the entire stock portfolio.
Bank of America Stake Also Reduced
Berkshire also sold 37.2 million shares of Bank of America, bringing its ownership down to a 7.7% stake. Despite the reduction, the lender continues to be Berkshire’s third-largest holding.
Another notable exit: the conglomerate fully pulled out of US homebuilder D.R. Horton Inc., signaling further cleanup across the portfolio.
Buffett Prepares for Leadership Transition
Buffett, now 95, is set to step down at the end of this year. With Berkshire sitting on a record $382 billion in cash, markets have been watching closely to see where the Oracle of Omaha deploys it next.
Recent moves include the $9.7 billion acquisition of Occidental Petroleum’s petrochemical unit and a $1.6 billion stake in UnitedHealth Group—both signaling Berkshire’s appetite for large, strategic buys amid global economic uncertainty.
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These shifts come as Google’s Search Generative Experience (SGE) and broader AI innovations push Big Tech into a new competitive era, making Alphabet a more attractive long-term play.
(With inputs from agencies)
