“`html
Berkshire Hathaway Invests in Alphabet
Berkshire Hathaway has added approximately 17.8 million shares of Alphabet (NASDAQ: GOOG) to its portfolio, as revealed in its latest 13F filing. This move, released at the end of September, comes as a surprise given CEO Warren Buffett’s historical avoidance of tech stocks, focusing instead on consumer goods, financials, and industrials. The inclusion of Alphabet now represents 1.7% of Berkshire’s portfolio.
Potential Shift in Management Strategy
Warren Buffett is set to step down as CEO at the end of the year, which raises speculation about a potential shift in Berkshire’s investment strategy under incoming CEO Greg Abel. This change could indicate a more favorable stance towards tech investments in the future, contrasting with Buffett’s cautious approach.
Performance Context
Historically, major holdings like Coca-Cola and Kraft Heinz have underperformed the S&P 500, which is up more than 83% over the past five years. Stakeholders suggest that a transition towards tech stocks like Alphabet could rejuvenate Berkshire’s portfolio and lead to improved returns.
“`
