Key Takeaways
- Shares of Google parent Alphabet surged Monday after Warren Buffett’s Berkshire Hathaway revealed a new stake in the tech giant.
- The investment firm bought nearly 18 million shares of the Google parent in the third quarter, a a regulatory filing Friday showed.
Shares of Google parent Alphabet (GOOG, GOOGL) surged Monday after Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) revealed a new stake in the tech giant.
Shares of Alphabet were up over 5% in recent trading, at a time when the broader tech sector lost ground. (Read our daily markets coverage here.)
Berkshire bought about 17.8 million shares of Alphabet in the third quarter, a 13F filing Friday showed. That stake would have been worth about $4.33 billion at the end of the quarter.
Why This Matters For You
While 13F filings provide a slightly outdated view of an investment firm’s holdings, many investors look to Berkshire’s quarterly reports for insights into Warren Buffett’s thoughts on the market and where to invest.
Buffett has long been cautious about tech stocks, though with the “Oracle of Omaha” set to step down from his role as CEO at the end of the year, it’s possible someone else at Berkshire made the call to invest in Alphabet.
Berkshire also moved to trim its stakes in Apple (AAPL) and Bank of America (BAC) in the third quarter, though they remained two of Berkshire’s largest holdings.
In another development that could boost sentiment surrounding Alphabet’s stock, the company’s YouTube TV on Friday ended a prolonged carriage dispute with Disney (DIS) that had taken the entertainment giant’s networks like ESPN and ABC off the streaming service for weeks. Included in the deal is a commitment to provide ESPN’s new streaming service for free to YouTube TV subscribers, and the ability to bundle Disney’s other streaming services, Disney+ and Hulu, with a YouTube TV subscription.
With Monday’s gains, shares of Alphabet are up more than 50% for 2025.