Warren Buffett’s Berkshire Hathaway executed a major portfolio rebalance in the third quarter, making the conglomerate a net seller of stocks overall. The most eye-catching move? The initiation of a massive position—valued at over $4 billion—in Google parent company Alphabet (GOOGL). Concurrently, Buffett continued to pare down Berkshire’s massive holding in Apple (AAPL). This strategic shift signals a new direction for the famed investor’s holdings, leading to an immediate 1.9% gain in Alphabet shares in after-hours trading following the Friday afternoon regulatory filing.
Berkshire Hathaway’s Q3 Portfolio Shift: Key Facts
Warren Buffett’s conglomerate disclosed its latest stock holdings in a regulatory filing Friday, revealing a significant repositioning:
- New Big Buy: Berkshire added a substantial stake (reportedly around $4 billion) in Google parent company, Alphabet (GOOGL).
- The Apple Trim: The company further shrunk its massive, long-held stake in Apple (AAPL).
- Overall Trend: Despite the large Alphabet purchase, Berkshire Hathaway was a net seller of stocks for the quarter.
- Market Reaction: Shares of Alphabet gained 1.9% in after-hours trading immediately following the disclosure.
Buffett Switches Gears!
Berkshire Hathaway’s Q3 filing just dropped, and Warren Buffett is finally jumping into another major tech name!
He initiated a brand new, $4 BILLION stake in Alphabet (GOOGL) (Google’s parent) while at the same time continuing to cut down his massive Apple (AAPL) holding.
The Oracle of Omaha was a net seller of stocks this quarter, but this $4B move into GOOGL is the story. Shares of Alphabet popped 1.9% after hours!
