Is this Abel’s handwriting?
Berkshire opened its first position in Alphabet in Q3: about 17 million $GOOGL shares worth roughly $4.3 billion. That instantly makes Alphabet one of the ten largest holdings in the entire portfolio.
At the same time, the purchase amounts to only around one-hundredth of Berkshire’s available cash pile - a relatively small move by their standards.
For me, this looks like a solid addition to Berkshire’s portfolio. The Mag7 are still the big performers these days, and redirecting part of the proceeds from the Apple sale into another tech giant - especially one with strong AI exposure - makes a lot of sense. And on top of that, Alphabet has been paying those well-liked dividends since last year.
What do you think about this move, guys? Was that Abel, buying more tech?