Berkshire Hathaway’s second-quarter filing shows Greg Abel steering the conglomerate’s equity portfolio deeper into technology and residential construction while retreating from financials and consumer staples. The 13F, filed Friday, captures the April-through-June period and marks the first full quarter of portfolio disclosure since Abel assumed the chief executive role in January.
The Alphabet bet scales up
Berkshire added roughly 48.1 million Alphabet shares during the quarter, lifting its total position to about 106 million shares valued at $37.76 billion on June 30. At the end of December the holding stood at 17.8 million shares worth $5.6 billion. In June Abel also committed to a $10 billion direct investment in the company. Alphabet has disclosed an $80 billion fundraising target to finance the data-center capacity its AI products require.
Homebuilders and airlines
The homebuilding exposure grew across multiple names. Lennar holdings rose nearly 30 percent, a new stake in D.R. Horton was valued at $580,504, and July brought the $6.8 billion purchase of Taylor Morrison. Delta Air Lines shares were increased to a $5.37 billion position, while Macy’s climbed to $173 million.
The financial exit accelerates
Bank of America and Ally Financial stakes were each trimmed by roughly 6 percent and 6.9 percent respectively. Capital One was cut by 58 percent. Outside of finance, Kroger, Nucor and DaVita were reduced, and the entire Constellation Brands position, 632,890 shares, was liquidated.
What to watch
Berkshire does not comment on quarterly trading activity, leaving the market to infer rationale from the pattern. The simultaneous expansion in AI infrastructure exposure and residential construction, paired with a broad financial de-risking, suggests a portfolio being repositioned for a different interest-rate and growth backdrop than the one Buffett navigated for decades.