AI Generated Image
Berkshire Hathaway boosted stake in Alphabet, homebuilders in the second quarter
AP News • • general
Key Points:
- Berkshire Hathaway significantly increased its stake in Alphabet, Google's parent company, acquiring approximately 48.1 million shares in Q2, bringing its total to around 106 million shares valued at $37.76 billion as of June 30.
- The conglomerate expanded its investments in the U.S. homebuilding sector, boosting its stake in Lennar by nearly 30%, establishing a new position in D.R. Horton, and completing a $6.8 billion acquisition of Taylor Morrison in July.
- Berkshire also increased holdings in Delta Air Lines and Macy’s, while reducing or eliminating stakes in several companies including Kroger, Nucor, DaVita, and Constellation Brands.
- The company reduced its positions in financial firms such as Bank of America, Ally Financial, and notably cut Capital One Financial shares by 58%.
- Despite these portfolio changes, Berkshire Hathaway does not publicly comment on its buying and selling decisions, maintaining a policy of silence regarding its investment moves.
