Berkshire Triples Alphabet Stake, Exits 2.3M Amazon Shares in Q1
GOOG•GOOG•GOOG•GOOG•Greg Abel completely exited Berkshire's 2.3 million Amazon shares to lock in profits and more than tripled its Alphabet stake, elevating Google into a top-five holding. Citing Google's dominant search monopoly, AI growth potential and more attractive valuation versus Amazon, Berkshire now holds a significantly larger position in Alphabet.
In Q1, CEO Greg Abel fully liquidated Berkshire's 2.3 million-share Amazon position to realize gains, while simultaneously more than tripling the company's Alphabet holdings. This move propelled Google into Berkshire’s top-five equity stakes, marking a notable shift in the conglomerate’s tech exposure.
Berkshire’s decision reflects confidence in Google's dominant search monopoly, accelerating AI investments and a comparatively attractive price point. By reallocating capital from a high-valued e-commerce leader to a tech firm with robust AI growth potential, the firm aims to optimize long-term returns.
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