economy
Berkshire Hathaway boosts Alphabet to a top three holding, ups Delta and housing bets
Berkshire owned about 106 million shares in the parent of Google, worth $37.9 billion at the end of June, according to a regulatory filing released Friday.
TL;DR
- Berkshire Hathaway increased its stake in Alphabet by 83% in the second quarter, reaching approximately 106 million shares valued at $37.9 billion.
- Alphabet is now Berkshire's third-largest U.S.-listed equity holding, behind Apple and American Express.
- The company also increased its investment in Delta Air Lines by 44% to 57.3 million shares, valued at $5.4 billion.
- Berkshire boosted its holdings in homebuilders Lennar and added a new position in D.R. Horton.
- Berkshire Hathaway ended a 14-quarter streak of net stock sales by making nearly $20 billion in net equity purchases.
- The conglomerate's cash level fell to $365.5 billion from a record $397.4 billion as it invested more capital.