Berkshire Hathaway Turns Buyer As Buffett Backs Alphabet
Berkshire Hathaway’s Q2 13F, filed Aug. 14, shows it was a net buyer of about $19.8B in US stocks, buying $23.5B and selling $3.7B. The portfolio totals $299.3B across 29 companies. Alphabet (GOOGL/GOOG) was a major focus, with the stake worth about $36.6B. Berkshire added D.R. Horton (DHI) and eliminated Constellation Brands (STZ).
How this was made
The 30-second read
Why it matters
The actionable element is the disclosed net buying and specific incremental adds, especially to Alphabet, which can influence flow-driven sentiment but is not a substitute for earnings or guidance.
Market read
Traders may use the Q2 13F to gauge Berkshire’s near-term positioning, with Alphabet being the most prominent incremental exposure.
What to watch
The article does not provide the exact incremental share counts for every add (e.g., Macy’s), and it omits international holdings, so the full Berkshire signal may be broader than what is disclosed here.
Background
The piece is a Q2 13F-based readout of Berkshire Hathaway’s publicly traded equity portfolio, framed around Buffett’s continued investment activity after ceding CEO duties to Greg Abel.
Ticker impact
Berkshire added to Alphabet Class A, buying about $10B at a discount and increasing the stake to its third-largest holding worth $36.6B.
Potentially supportive for GOOGL on flow/sentiment, but magnitude likely capped versus a direct earnings or guidance catalyst.
The article provides specific incremental share accumulation and valuation context from the Q2 13F, which is actionable for positioning but not a fundamental update like earnings.
Berkshire also increased Alphabet Class C shares, adding roughly 20M more shares across the two share classes after the initial $10B discounted buys.
Slight positive bias for GOOG, tracking the broader Alphabet flow narrative from Berkshire’s disclosed adds.
The article discloses the incremental accumulation and stake ranking, but does not provide new Alphabet fundamentals or policy/regulatory developments.
Berkshire made no change to its Apple position in the quarter, keeping Apple as its largest holding at about 22% of the publicly traded portfolio.
Limited near-term impact for AAPL from Berkshire flows based on this specific quarter’s disclosure.
The newest fact is the lack of change in the quarter, which is informative for positioning but not a catalyst.
Berkshire added a new holding in the quarter: D.R. Horton, with the stake worth less than $600,000.
Low likelihood of a tradable move solely from this disclosed, sub-$1M stake.
The article explicitly states the stake is very small, making it unlikely to drive meaningful flow-based repricing.
Berkshire added to Delta Air Lines, with its $5.4B stake making it the second-largest owner at 8.7% of outstanding shares.
Moderate positive bias for DAL as traders interpret continued accumulation, though not a substitute for earnings.
The article provides specific ownership magnitude and that Berkshire added during the quarter, which is more meaningful than a token position.
Berkshire added Lennar Class A shares, with initial stakes taken in Q3 2025 and further adds in the current quarter.
Mild positive bias for LEN, likely more sentiment-driven than fundamental.
The article discloses incremental adds but does not provide new Lennar-specific fundamentals.
Berkshire initiated a New York Times Class A position in Q4 2025 and added to it in the current quarter.
Small positive bias for NYT, with limited immediate impact absent earnings or guidance.
The article’s novelty is the continued holding/add behavior, not a new NYT operational update.
Berkshire added to Macy’s in the quarter, indicating continued capital deployment into the retail name.
Low-to-moderate positive bias for M, mainly flow/sentiment rather than a fundamental repricing.
The article confirms the add but provides limited detail on incremental magnitude, reducing confidence in near-term price impact.
Market effects
Alphabet adds increase exposure to communication services, while homebuilder adds (DHI, LEN) reinforce Berkshire’s value tilt toward cyclical sectors.
No direct regional macro catalyst; the article focuses on US-listed holdings and a prior Japan stake context.
Alphabet and major US holdings dominate the disclosed portfolio, so global tech and ad-market sentiment may get a small read-through from Berkshire’s continued buying.
Counterpoint
13F disclosures reflect past quarter activity, so the market may already price the positioning; without new Alphabet or Berkshire fundamentals, follow-through could be limited.
Key entities
- issuerBerkshire Hathaway
Disclosed Q2 13F equity portfolio changes, including net buying and increased Alphabet exposure.
- equityAlphabet
Berkshire increased both Class A (GOOGL) and Class C (GOOG) stakes, making Alphabet a top-3 holding.
- equityD.R. Horton
Berkshire added a new, very small position in the quarter.
- equityDelta Air Lines
Berkshire added and holds a large stake, cited as 8.7% of outstanding shares.
