Berkshire Hathaway's Greg Abel Spent $23.5 Billion on Nine Stocks

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Summary · why it matters

Berkshire Hathaway CEO Greg Abel deployed roughly $23.5 billion into nine publicly traded companies last quarter, marking the conglomerate's first quarter as a net buyer of stocks since 2022. The largest investment was Alphabet, with a $10 billion private placement in June plus an additional $5 billion to $7 billion in open-market purchases, making it Berkshire's third-largest marketable equity holding. Other U.S. additions included Macy's, Delta Airlines, Lennar, New York Times, and a new position in D.R. Horton, while earlier disclosures revealed increased stakes in Japanese trading houses Mitsubishi, Marubeni, and Sumitomo. The article highlights Alphabet as the best of the bunch, citing its $514 billion contracted revenue backlog, expanding cloud operating margin to 35.6%, and a forward earnings multiple of 16.5 times.

Impact on assets 14

Energy Transition & Power Demand▲
Consumer Discretionary▲
DR Horton Inc
DHI
▲ PositiveDemandrelevance

Berkshire initiated a new position in D.R. Horton, indicating a positive view on homebuilder demand.

Lennar Corporation
LEN
▲ PositiveDemandrelevance

Berkshire added to its stake in Lennar, reflecting confidence in the housing market.

Macy’s Inc
M
▲ PositiveCapitalrelevance

Berkshire added to its Macy's stake, signaling confidence.

Artificial Intelligence▲
Alphabet Inc Class C
GOOG
▲ PositiveDemandrelevance

Berkshire's $10B private placement and additional purchases make Alphabet its third-largest holding, highlighting its strong backlog and cloud growth.

Industrials▲
Delta Air Lines Inc
DAL
▲ PositiveDemandrelevance

Berkshire increased its stake in Delta, signaling confidence in the airline's prospects.

Communication Services▲
Robotics & Physical AI▲
Financials▲