Berkshire Hathaway raised its stake in Google parent Alphabet to approximately 106 million shares valued at $37.76 billion as of June 30, according to Business-Today, part of a second-quarter portfolio reshuffle that also expanded US homebuilder holdings and cut several financial positions.
The Omaha, Nebraska-based conglomerate bought roughly 48.1 million additional Alphabet shares during the quarter, taking its total holding to about 106 million shares. At the end of December, Berkshire held just 17.8 million Alphabet shares, then worth $5.6 billion, Business-Today reported.
Alphabet stake and AI infrastructure funding
CEO Greg Abel, who succeeded Warren Buffett at the start of the year, had agreed in June to make a $10 billion stock investment in Alphabet, adding to the stake Berkshire began building last autumn, according to Business-Today. The report also noted that Alphabet has said it plans to raise $80 billion to fund the computing infrastructure required to power its artificial intelligence offerings.
The jump from 17.8 million to 106 million shares — a six-fold increase in share count — represents one of the largest single-stock deployments in the quarter, with the holding's value rising from $5.6 billion to $37.76 billion over six months.
Homebuilders and other increased positions
Berkshire continued to increase its investments in the US homebuilding sector, Business-Today reported. Its holding in Lennar rose by nearly 30% during the second quarter, while the company also established a small new position in DR Horton worth $580,504 at the end of June. The moves come after Berkshire completed its $6.8 billion acquisition of homebuilder Taylor Morrison in July.
Elsewhere, Berkshire sharply increased its holdings in Delta Air Lines and Macy's, with the two stakes worth about $5.37 billion and $173 million, respectively, at the end of June.
Reductions and exits
Berkshire reduced several positions during the quarter, according to Business-Today. Holdings in supermarket operator Kroger, steel manufacturer Nucor and dialysis company DaVita were among those trimmed. The conglomerate also exited Constellation Brands entirely, selling all 632,890 shares it held in the beverage company.
Financial holdings were cut as well: Berkshire's stakes in Bank of America and Ally Financial fell by around 6% and 6.9%, respectively, while its holding in Capital One Financial was reduced by 58%.
Portfolio shift at a glance
The scale of the reshuffle is visible in the table below, based on Business-Today's report:
| Holding | Q2 action | Value / details as of June 30 |
|---|---|---|
| Alphabet | Bought 48.1M shares | 106M shares total; $37.76B |
| Lennar | Raised ~30% | Not disclosed |
| DR Horton | New position | $580,504 |
| Delta Air Lines | Sharply increased | $5.37B |
| Macy's | Sharply increased | $173M |
| Bank of America | Reduced ~6% | Not disclosed |
| Ally Financial | Reduced ~6.9% | Not disclosed |
| Capital One Financial | Cut 58% | Not disclosed |
| Constellation Brands | Exited | Sold 632,890 shares |
For institutional investors and corporate treasurers tracking capital allocation, the quarter's moves show billions of dollars shifting between technology, homebuilding, airlines and financials. The reduction in bank stocks, combined with the expansion in homebuilders, alters the sector weights within one of the most closely watched equity portfolios globally, according to Business-Today. The Alphabet position alone accounts for a significant share of the portfolio's value, while the $80 billion capital raise planned by Alphabet could further influence debt and equity markets as the company funds AI-related infrastructure. Berkshire's continued homebuilding exposure, reinforced by the Taylor Morrison acquisition, keeps the sector in focus for investors monitoring construction and materials demand.
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