Greg Abel Deployed $10 Billion Into Alphabet's Private Placement, Building a $38 Billion Stake That's Now Berkshire Hathaway's Third-Largest Holding. Is Alphabet Becoming Berkshire's New Apple?

Key Points Berkshire Hathaway, now under the leadership of CEO Greg Abel, has kept adding to its large position in Alphabet, Google's parent company. Alphabet lacks some attributes of traditional "Buffett investments" like Coca-Cola and American Express. Abel's recognition of how Berkshire's subsidiaries are benefiting from AI may be increasing his confidence that Alphabet's AI capex will pay off. 10 stocks we like better than Alphabet › Back in June, Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) upped the ante on its investment in Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , purchasing an additional $10 billion worth of shares directly from the company.