Berkshire just flipped from net seller to aggressive buyer and Alphabet is now its #3 stock holding
u/Comprehensive_Tea388 ·
Reddit — r/ValueInvesting
· August 23, 2026 at 19:40
· ⬆ 18 pts
· 💬 27 comments
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Summary
Berkshire Hathaway ended a 14-quarter streak as a net seller, buying $23.5B in stocks in Q2.
Alphabet (GOOGL) was the largest purchase, increasing 83% to become Berkshire's #3 equity holding.
Quality assessment: Well-researched 13F summary, though the conclusion regarding Greg Abel's influence is speculative.
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I was going through Berkshire’s Q2 13F and the change in posture is pretty dramatic. Berkshire bought $23.5B of stocks during the quarter and sold only $3.7B, ending a run of 14 straight quarters as a net seller. Cash also came down to about $364.7B.
The biggest move was Alphabet. Berkshire increased its position by roughly 83% to nearly 106M shares, worth about $37.8B at quarter-end. That now makes GOOGL Berkshire’s third-largest equity holding, behind Apple and American Express. They also added to Delta and Lennar, opened a small D.R. Horton position, and exited Constellation Brands.
What I find interesting isn’t any one stock. It’s that Berkshire finally seems willing to deploy meaningful capital again while the broader market is still near record valuations.
Do you read this as Berkshire finally finding value again, or is the bigger story that Greg Abel is simply going to run a more active portfolio than Buffett did in the last few years?
Berkshire Hathaway increased its GOOGL position by 83% to nearly 106M shares ($37.8B). Berkshire's aggressive buying at near-record market valuations signals immense institutional conviction in Alphabet's underlying value and future prospects. Going long on GOOGL aligns with the "smart money" moves of one of the world's most successful value investing conglomerates. Broader market correction could drag down the stock despite Berkshire's backing, or regulatory risks facing Alphabet's search monopoly.
Berkshire added to its Lennar (LEN) position and opened a new position in D.R. Horton (DHI). Accumulation of multiple homebuilder stocks indicates a sector-wide bullish thesis by Berkshire Hathaway. Buying a homebuilder ETF (XHB) captures the sector tailwinds that Berkshire is targeting with its LEN and DHI purchases. A "higher for longer" interest rate environment could suppress mortgage demand and hurt homebuilder margins.
This Reddit post, published August 23, 2026,
features u/Comprehensive_Tea388
discussing GOOGL, XHB.
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