Berkshire Hathaway boosted stake in Alphabet, homebuilders in the second quarter
Berkshire Hathaway is increasing the size of its stake in Google’s parent company and beefing up its holdings in homebuilders, according to the conglomerate’s latest snapshot of its investment portfolio. The Omaha, Nebraska-based company also continued to pare its stake in financial companies and a number of other stocks in the April-June quarter, according to a regulatory…
In the second quarter, Berkshire Hathaway, led by CEO Greg Abel, expanded its investment portfolio by increasing its stake in Alphabet and homebuilders. The Omaha, Nebraska-based conglomerate bought roughly 48.1 million shares in Alphabet, raising its total shares in the tech giant to around 106 million. This investment is valued at approximately $37.76 billion as of June 30. Berkshire's stake in Alphabet has grown significantly, from just 17.8 million shares worth $5.6 billion at the end of December.
Beyond its tech investments, Berkshire also bolstered its holdings in the U.S. homebuilding sector. The stake in homebuilder Lennar increased by nearly 30% in the second quarter, while Berkshire established a small new stake in D.R. Horton worth $580,504 as of June 30. In July, the company completed a $6.8 billion acquisition of homebuilder Taylor Morrison.
Additionally, Berkshire increased its stakes in Delta Air Lines and Macy's in the second quarter, with the stakes valued at about $5.37 billion and $173 million, respectively, as of June 30.
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Also reported by 2 other outlets
- Berkshire Hathaway boosted stake in Alphabet, homebuilders in the second quarter economictimes.indiatimes.com
- Alphabet leads institutional holders in SpaceX post-IPO with $94B stake seekingalpha.com
