Alphabet Becomes Top-3 Berkshire Holding as Abel Deploys $10 Billion in New Investment
Berkshire Hathaway elevated Alphabet to a top-3 equity position in its $336 billion portfolio after CEO Greg Abel deployed an additional $10 billion through a private placement in June, displacing Coca-Cola from the ranking it held under Warren Buffett.
Berkshire Hathaway elevated Alphabet to its third-largest equity holding after a private placement announced in June added $10 billion to the position, displacing Coca-Cola in the $336 billion investment portfolio [1][3]. Greg Abel, who succeeded Warren Buffett as CEO on Dec. 31, increased Berkshire's stake in the Google parent by 224 percent in the first quarter, lifting the holding to a market value of $16.6 billion and making it the conglomerate's seventh-largest position at that time [2]. The additional $10 billion deployed in June vaulted Alphabet past Coca-Cola, which had ranked third under Buffett's tenure [1][3].
Abel's capital deployment marks one of the largest portfolio renovations in Berkshire's history, concentrating exposure in artificial intelligence infrastructure rather than defensive consumer brands [2]. Coca-Cola, a Buffett core holding since 1988, now ranks fourth or lower. The shift reflects Abel's stated priority to capture AI-driven revenue growth in cloud computing and digital advertising, sectors where Alphabet competes with Microsoft and Amazon.
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