{
  "id": 1293410,
  "title": "Berkshire Hathaway buys more homebuilder stocks but slashes stakes in banks and dumps all its holdings in alcoholic beverage maker",
  "url": "https://urgent.news/2026/08/16/berkshire-hathaway-buys-more-homebuilder-stocks-but-slashes-stakes-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-16T15:01:14.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/08/16/berkshire-hathaway-homebuilder-lennar-dr-horton-banks-shares/"
  },
  "original_language": "en",
  "account": "Berkshire Hathaway bolstered its investment in Alphabet Inc., formerly Google's parent company, while simultaneously decreasing its positions in banking firms and the alcoholic beverage producer Constellation Brands, according to the corporation's latest investment data. In the April-June quarter, the company's chairman and CEO, Greg Abel, who assumed leadership from Warren Buffett this year, committed $10 billion to acquire Alphabet shares, augmenting a stake that Berkshire had started expanding last fall. As of June 30, Berkshire's total shares in Alphabet were valued at approximately $37.76 billion, having grown from a mere 17.8 million shares worth $5.6 billion just a few months prior. Berkshire's newfound interest in Alphabet stems from the corporation's plans to raise $80 billion to finance infrastructure for its AI initiatives.\n\nIn addition to its increased stake in Alphabet, Berkshire Hathaway expanded its holdings in homebuilding firms, increasing its position in Lennar by nearly 30% and establishing a modest new stake in D.R. Horton worth $580,504 by the end of June. The conglomerate also significantly bolstered its investments in the U.S. homebuilding sector by completing a $6.8 billion acquisition of homebuilder Taylor Morrison in July.\n\nSimultaneously, Berkshire pruned its investment portfolio in the second quarter, reducing its stake in various companies, including supermarket chain Kroger, steel producer Nucor, and dialysis provider DaVita. The firm also divested all its holdings in Constellation Brands, selling 632,890 shares in the beverage company. Additionally, Berkshire decreased its shares in several financial institutions, such as Bank of America, Ally Financial, and Capital One Financial. These moves demonstrate Berkshire's continued focus on tech and homebuilding sectors while simultaneously reevaluating and reducing its exposure to certain industries.",
  "summary": "Berkshire also reduced stakes in supermarket operator Kroger, steel manufacturer Nucor and dialysis giant DaVita.",
  "key_points": [
    "Berkshire Hathaway increased stake in Alphabet Inc. by $10 billion",
    "Acquired Taylor Morrison homebuilder for $6.8 billion",
    "Sold all Constellation Brands shares and reduced holdings in banks"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}