The Berkshire Hathaway Group, the financial conglomerate created by Warren Buffet, has acquired a stake of 4.3 billion dollars, the equivalent of 3.7 billion euros, in Alphabet, parent company of Google, according to the list of investments for the last quarter communicated by the company to the US securities regulator (SEC). At the same time, he reduced his stake in Apple and Bank of America.
With more liquidity than ever, the Omaha, Nebraska-based group is looking for buying opportunities at a time when the market is surging due to volatility created by the rise of artificial intelligence (AI).
The group created by the financier, nicknamed the Oracle of Omaha Thanks to his careful investments, he reduced his investment in Apple. This is the last list of his investment portfolio before Buffett steps down as CEO of the company after 60 years as CEO and gives way to the company’s current vice president, Canadian Greg Abel.
In Form 13F, the document with which companies must register their financial investments with the Securities and Exchange Commission (SEC), the group created by a small Rhode Island textile company, 17.85 million Alphabet shares worth $4,338 million emerged.
Berkshire Hathaway is one of the largest financial conglomerates in the world, with stakes in, among others, Apple, Coca-Cola, American Express, Bank of America and Chevron, from which they obtain large dividends and succulent stock market appreciation.
In the same form, Berkshire Hathaway shows a 15% reduction in its stake in Apple to 238.2 million shares from the 280 million recorded in the third quarter. Its current holding is valued at approximately $60,656 million. At the time, the Buffett group owned 905 million Apple shares. Even though it has reduced its exposure to the iPhone maker, the investment in the company founded by Steve Jobs still represents nearly a quarter of Berkshire’s stock portfolio. Buffet has always viewed Apple as more of a consumer goods company than a technology company.
Form 13F includes significant holdings in 37 companies with a total valuation of $267,335 million as of September 30 this year.
The financial giant holds 10 million Amazon shares worth $2.195 billion. His main bet continues to be American Express, a company in which he owns shares valued at more than 50,000 million.
In the third quarter, Buffett’s investment group reached a new record in terms of cash accumulation. The conglomerate’s liquidity position reached $381.7 billion, according to results presented last week.
The Omaha, Nebraska-based conglomerate recently closed a deal to buy Occidental Petroleum’s petrochemical business for $9.7 billion and acquired a $1.6 billion stake in UnitedHealth Group, Bloomberg explains.
