In a major shift in capital allocation, Berkshire Hathaway significantly expanded its position in Alphabet Inc. during Q2 2026, boosting its holdings by 83%. The move catapults Google and YouTube’s parent company to Berkshire’s third-largest public equity holding, trailing only Apple and American Express.
Key Highlights from the Disclosure
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Significant Position Expansion: Berkshire increased its Alphabet stake from 57.8 million shares to nearly 106 million shares as of June 30, 2026, valued at approximately $37.8 billion. This includes a $10 billion direct allocation in June designated to support Alphabet’s AI infrastructure development.
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End of Net Selling Streak: Berkshire bought $23.5 billion in equities while selling $3.7 billion during Q2 2026, breaking a 14-quarter stretch as a net seller of stocks.
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Cash Pile Reduction: Total cash reserves fell from $380.2 billion (Q1 2026) to $364.7 billion, driven by net stock purchases and $4.5 billion in share repurchases.
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Buffett’s Conviction: Chairman Warren Buffett confirmed that initiating the Alphabet investment—which began in Q3 2025—was his direct initiative, developed in consultation with CEO Greg Abel.
Berkshire Hathaway’s Top Stock Holdings (as of June 30, 2026)
| Rank | Company | Holding Value | Notes |
| 1 | Apple Inc. | $66.0 Billion | Retains top portfolio allocation despite recent trims. |
| 2 | American Express | $51.3 Billion | Long-term core financial holding. |
| 3 | Alphabet Inc. | $37.8 Billion | Surged to 3rd place following an 83% stake expansion in Q2. |
| 4 | The Coca-Cola Company | — | Holds 4th rank in total portfolio equity value. |
| 5 | Bank of America | — | Holds 5th rank following minor recent trim adjustments. |
Other Portfolio Adjustments
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Airlines & Retail Additions:
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Delta Air Lines: Increased by 44% to 57.3 million shares (~$5.4 billion).
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Macy’s Inc.: More than doubled its stake to ~7.3 million shares (~$173 million).
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Housing Sector: Added to home builder Lennar and disclosed a small $580,000 position in D.R. Horton.
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Full Exit:
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Constellation Brands: Completely liquidated its position, ending a 1.5-year holding period.
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Stakes Reduced:
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Trimmed allocations in Ally Financial, Bank of America, Capital One, DaVita, Kroger, and Nucor.
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