Berkshire’s Greg Abel Triples Alphabet Stake to 6.7% of Portfolio

GOOG•

2026-05-30

Greg Abel, Berkshire Hathaway’s new CEO, tripled the company’s Alphabet holdings in Q1 2026, bringing the position to 6.7% of its portfolio as its fifth-largest stake. This contrasts with Bill Ackman and Stanley Druckenmiller reducing their Alphabet positions despite high capital expenditures pressuring free cash flow.

1. Q1 2026 Position Increase

In the first quarter of 2026, Greg Abel increased Berkshire Hathaway’s investment in Alphabet threefold, elevating the position to 6.7% of the total portfolio and ranking it as the firm’s fifth-largest holding.

2. Divergent Investor Strategies

While Berkshire Hathaway expanded its Alphabet stake, prominent investors Bill Ackman and Stanley Druckenmiller decreased their positions, reflecting differing assessments of the stock’s near-term valuation and risk profile.

3. Strategic Rationale and Risks

Abel’s aggressive move underscores confidence in Alphabet’s AI and advertising strengths, yet the company’s high capital expenditures on cloud infrastructure and AI research could constrain free cash flow if revenue growth slows.