Berkshire Hathaway Quietly Built a $37.4 Billion Stake in Alphabet, Making It the Portfolio's Third-Largest Position
Warren Buffett's long-standing aversion to technology stocks has been updated to recognize that not all technology companies are the same.
Warren Buffett, Berkshire Hathaway's former chief stock-picker, has quietly built a $37.4 billion stake in Alphabet, the parent company of Google, making it the third-largest position in the conglomerate's portfolio. Berkshire Hathaway's entry into the tech sector has been driven by Buffett's belief that certain companies can generate high returns on capital for an extended period.
The massive stake, comprising $37.4 billion, represents over 10% of Berkshire Hathaway's $358 billion stock portfolio. Although Buffett still consults with current CEO Greg Abel, he acknowledged that he does not always have the final say in investment decisions. The move indicates that Berkshire Hathaway is open to investing in tech stocks that align with Buffett's criteria for long-term capital appreciation.
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