It didn’t take Greg Abel long to push his chips to the middle of the table when betting on Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).
The new CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) inherited a relatively new position in the AI and tech company when he took over for Warren Buffett at the beginning of 2026
He has since expanded on that investment, while at the same time trimming Berkshire’s vaunted portfolio of several unwanted stocks. Now Berkshire Hathaway has a $31.1 billion stake in Alphabet, a significant investment for a company that it didn’t even own a year ago. Alphabet makes up more than 9% of the conglomerate’s entire $342 billion investment portfolio.
Here’s how he did it — and where Alphabet appears to be headed next. Berkshire’s purchases of Alphabet Berkshire Hathaway first opened its position in Alphabet stock in the third quarter of 2025. It was part of a strategy by Buffett, the legendary Oracle of Omaha, to shed the company’s overly heavy position in Apple.