Berkshire Hathaway expands Alphabet stake and adds homebuilder holdings in Q2
In the second quarter, Berkshire Hathaway increased its investment in Alphabet to about $38 billion and raised its exposure to U.S. homebuilders, while trimming positions in several other sectors.
Berkshire Hathaway added roughly 48.1 million shares of Alphabet during the April-June quarter, bringing its total to about 106 million shares valued at $37.76 billion as of June 30. The increase follows a $10 billion commitment made by CEO Greg Abel in June, building on a position that stood at 17.8 million shares worth $5.6 billion at the end of December. Alphabet has announced plans to raise $80 billion for AI-related computing infrastructure.
The conglomerate also boosted its holdings in the U.S. homebuilding sector. Its stake in Lennar rose nearly 30 percent, and it opened a small position in D.R. Horton valued at $580,504. In July, Berkshire completed a $6.8 billion acquisition of homebuilder Taylor Morrison.
Other notable moves included larger positions in Delta Air Lines and Macy’s, valued at $5.37 billion and $173 million respectively. At the same time, Berkshire reduced its investments in several companies, cutting stakes in Kroger, Nucor, DaVita and fully exiting its 632,890 shares of Constellation Brands. Shares in Bank of America, Ally Financial and Capital One Financial were also trimmed, with the latter falling by 58 percent.
Berkshire, which is chaired by Warren Buffett and owned by a broad portfolio of businesses such as Geico and BNSF Railway, does not comment on its quarterly stock-holding changes.