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Berkshire Hathaway Bought $10 Billion of Alphabet Straight From the Company, Bypassing the Open Market
The Motley Fool·
Berkshire Hathaway purchased $10 billion of Alphabet stock through a private placement, split between Class A and Class C shares. This marks a significant shift in strategy under CEO Greg Abel, as Warren Buffett historically avoided tech stocks. The Alphabet position is now tied as Berkshire's third-largest holding at 10.2% of the portfolio, demonstrating strong confidence in the company and signaling Abel's willingness to deploy Berkshire's substantial cash reserves in new ways.
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