Berkshire Alphabet Stake Expansion

"The size of the Alphabet bet stands out given Buffett's long-standing reluctance to invest heavily in technology stocks throughout most of his career, with Apple as the notable exception. Even so, Buffett has said he personally made the call to invest in Alphabet last year, and with Abel now serving as CEO while Buffett remains chairman, the position appears to reflect shared decision-making between the two."

"Greg Abel, has recently begun putting the company's record cash pile to work. The firm spent around $4.5 billion to buy back its own shares during the April-June quarter, and purchased nearly $20 billion worth of equities during the period. Among its purchases was about $10 billion of additional Alphabet stock, the parent company of Google and YouTube, making it one of Berkshire's largest equity holdings."

"David Tepper's Appaloosa Management bet big on megacap technology stocks in the second quarter... The Carolina Panthers owner added nearly 7% to his Alphabet holding, bringing the stake's value to more than $661 million."

"Berkshire said in a regulatory filing that it owned nearly 106 million Alphabet shares worth about $37.8 billion as of June 30, up from 57.8 million shares three months earlier."

"Berkshire owned nearly 106 million Alphabet shares worth about US$37.80billion as of June 30, up from 57.8 million shares three months earlier."

"UBS analyst Brian Meredith saying the "meaningful" cash deployment reflected Berkshire's disciplined capital allocation."

"Among its purchases was about $10 billion of additional Alphabet stock, the parent company of Google and YouTube, making it one of Berkshire's largest equity holdings."