Berkshire's CEO Triples Alphabet Stake to 5.9%, Exits Amazon in Q1
GOOG•Berkshire Hathaway’s CEO Greg Abel sold the entire Amazon stake while tripling its position in Alphabet stock to 5.9% of the portfolio in Q1 2026. He also initiated a new position in Class C shares as he reallocates toward AI-focused companies trading at about 19x forward earnings.
1. Portfolio Reallocation
In Q1 2026, Greg Abel completely exited Berkshire Hathaway’s Amazon position and increased the holding in Alphabet’s Class A shares to represent 5.9% of the overall portfolio. The move marks a significant reallocation of capital away from e-commerce toward technology firms with strong AI exposure.
2. Focus on AI Leadership
Abel’s decision reflects a strategic emphasis on companies leading in artificial intelligence development and deployment. Alphabet’s dominance in search, cloud AI services and research initiatives positioned it as a core holding aligned with Berkshire’s revised growth objectives.
3. Financial Outlook
Alphabet shares trade at approximately 19x forward earnings, a valuation Abel considers attractive given the company’s robust ad revenue growth and expanding cloud segment. The initiation of Class C shares adds liquidity flexibility while maintaining exposure to expected AI-driven gains.
