Berkshire Hathaway reshuffles portfolio, raises Alphabet and homebuilder stakes
Berkshire Hathaway is undergoing a notable transformation in its investment approach. The company has notably augmented its investments in Alphabet and US homebuilders, while simultaneously diminishing its stakes in various financial firms and other stocks. Additionally, Berkshire has completely divested from Constellation Brands within the quarter, indicating a thoughtful reallocation of its…
Berkshire Hathaway is adjusting its investment portfolio, increasing investments in Alphabet and US homebuilders while reducing holdings in financial companies and other stocks. The company bought an additional 48.1 million Alphabet shares during the second quarter, taking its total holding to approximately 106 million shares, valued at around $37.76 billion as of June 30.
In December, Berkshire held 17.8 million Alphabet shares, worth $5.6 billion. CEO Greg Abel, who took over from Warren Buffett in January, had agreed to make a $10 billion investment in Alphabet. The company also increased its investment in Lennar, its US homebuilding holding, by nearly 30%, and established a small new position in DR Horton.
Berkshire's investments in Delta Air Lines and Macy's also saw significant growth, while several other positions were trimmed, including those in Kroger, Nucor, DaVita, and Constellation Brands. The company also reduced holdings in Bank of America, Ally Financial, and Capital One Financial.
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