Warren Buffett, through his conglomerate Berkshire Hathaway, revealed that he owns Alphabet shares worth US$4.3 billion, making the giant its tenth largest holding at the end of September, according to a report presented this Friday to regulators.
This is an unusual move within the strategy of the so-called ‘Oracle of Omaha’, given that The tycoon has historically avoided investing in technology companies that grow rapidly on the stock market to instead bet on businesses with sustainable cash flows.
In the report, Berkshire notes that its stake in Alphabet amounts to $4.3 billion at the end of the third quarter, adding that he considers the company more of a consumer products company than a purely technological player.
Alphabet shares have risen 46% this year thanks to the sharp increase in demand for artificial intelligence (AI), which has boosted its cloud businesses, according to the Efe agency.
On the other hand, Berkshire still owns shares in Apple, Although it decreased its investment there by an additional 15% in the third quarter, now totaling US$60.7 billion, picks up the CNBC chain.
Buffett, 95, made a surprising sell-off in Apple stock in 2024, reducing the shares he owned by two-thirds. Likewise, the conglomerate also reduced its stake in Bank of America by 6%, up to an investment valued at just under US$30 billion.
Last Monday, Buffett stated that he is preparing to hand over the reins of Berkshire in 2026 and who will accelerate the transfer of his shares to his children’s philanthropic foundations.
Buffett announced that he will no longer write his company’s annual report or speak at investor meetings, but will “remain silent.”
The businessman also transferred privileged type A shares to his family’s four foundations and announced that he will accelerate the pace of delivery. of some 1.5 billion in remaining shares so that they can manage their assets while they are alive and healthy.
