Berkshire Hathaway has disclosed a new position in Google's parent company, Alphabet, acquiring 17.86 million shares valued at approximately $5.18 billion. This investment marks a significant move for the conglomerate, led by Warren Buffett, who has historically been cautious about investing in the technology sector, famously calling his earlier decision not to invest in Google a mistake. The investment was revealed in Berkshire's latest 13F filing. This new stake in Alphabet is now one of Berkshire's top ten holdings. The move is seen as a notable deployment of capital, especially as the company's cash reserves have reached record levels and Warren Buffett prepares to transition the CEO role to Greg Abel at the end of the year.
Berkshire Hathaway Discloses New $5.18 Billion Stake in Alphabet
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