Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB)'s 13F filing for the second quarter came out recently, which highlighted the company's changes in holdings during the period. While under previous CEO Warren Buffett, the company has been cautious about buying stocks and adding to its positions, that has changed of late under Greg Abel, who took over at the start of 2026. These were the three biggest changes in Berkshire's holdings in the second quarter.
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Continue » Berkshire bought Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) stock last year but has since increased its position in the tech giant. Buffett claims to have been "initiated" into the initial purchase of it. But under Abel, the position has become more significant and prominent.
In Q2, Alphabet bought approximately $17 billion worth of Alphabet stock, bringing its total position in the company to 106 million shares. And at $36 billion in total, it has now become its third-largest holding, behind just Apple and American Express. It's a notable move for Berkshire, which has typically shied away from the tech sector.
Alphabet is among the most valuable companies in the world, with a market cap exceeding $4 trillion. However, it's arguably in the same realm as Apple, another top Buffett holding. In terms of earnings, Alphabet isn't all that expensive, trading at about 17 times its expected future earnings (based on analyst estimates).
Like Apple, it also has a strong competitive advantage, or moat, which Buffett loves to see from businesses. While Alphabet is a bit surprising simply because it's in tech and how big its position is, it's the type of stock that certainly makes sense within Berkshire's portfolio. Another big move for Berkshire during Q2 was adding to its position in Delta Air Lines(NYSE:DAL).
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