Greg Abel increases Berkshire Hathaway's Alphabet stock holdings in second quarter

Berkshire Hathaway bought around $17 billion of Alphabet shares in the second quarter of 2026. The purchase was revealed in a regulatory filing in August. Greg Abel, who became Berkshire's CEO when Warren Buffett retired at the start of 2026, made the decision. Buffett had first bought Alphabet stock in mid-2025, before he stepped down. Alphabet is now Berkshire's fourth-largest investment, with a total value of $21.3 billion. The company controls about 91% of global internet search traffic. Alphabet also ended Q2 with a cloud services backlog of $514 billion, which is larger than its recent annual revenue. Apple and Alphabet together make up roughly a third of Berkshire's total invested assets.