Berkshire Hathaway disclosed significant portfolio shifts during the second quarter, reflecting a strategic emphasis on technology and housing sectors while trimming positions in financial companies and other stocks. The conglomerate, led by CEO Greg Abel following his appointment at the start of the year, substantially grew its position in Alphabet, Google’s parent company. During the April-June period, Berkshire acquired approximately 48.1 million shares in the tech giant, bringing its total stake to around 106 million shares valued at roughly $37.76 billion as of June 30. This expansion built on an initial investment that began in the previous fall and was further supplemented by a $10 billion stock commitment made in June.
The company’s interest in residential construction remained prominent throughout the quarter. Berkshire increased its Lennar investment by nearly 30 percent and initiated a new position in D.R. Horton valued at $580,504 by quarter’s end. The homebuilding sector focus extended beyond the quarterly reporting period, with Berkshire completing a $6.8 billion acquisition of Taylor Morrison in July. Additionally, the conglomerate raised its positions in Delta Air Lines and Macy’s during the quarter, with holdings reaching approximately $5.37 billion and $173 million respectively by June 30.
Conversely, Berkshire pared multiple existing positions across various sectors. The company eliminated its entire stake in beverage manufacturer Constellation Brands, totaling 632,890 shares, and reduced holdings in supermarket operator Kroger, steelmaker Nucor, and dialysis provider DaVita. Financial sector reductions were particularly notable, with stakes in Bank of America and Ally Financial declining by approximately 6 percent each, while Capital One Financial saw a 58 percent reduction in shares. Berkshire maintains a policy of not commenting on quarterly portfolio adjustments, despite widespread investor interest in tracking the company’s investment decisions.
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