Berkshire Cuts Nucor by Over 50%, Lifts Alphabet Stake by $17 Billion in Q2
Updated
Updated · The Motley Fool · Aug 17
Berkshire Cuts Nucor by Over 50%, Lifts Alphabet Stake by $17 Billion in Q2
3 articles · Updated · The Motley Fool · Aug 17
Summary
Berkshire Hathaway's latest 13F showed Greg Abel slashed more than half of its Nucor stake in Q2 while adding roughly $17 billion to Alphabet, cementing the Google parent as Berkshire's No. 3 holding.
About $10 billion of the Alphabet increase came from a June private placement, with another roughly $7 billion bought in the open market, underscoring a bigger Berkshire bet on AI infrastructure and services.
Nucor had surged nearly 62% in 2026 and about 82% over 12 months, so the sale appears more like profit-taking than a retreat from a weak business, even after the steelmaker posted a 48% quarterly jump in pretax earnings.
The reshuffle highlights Abel's growing imprint on Berkshire's portfolio after succeeding Warren Buffett as CEO, even as Buffett remains executive chairman and had initiated the original Alphabet position in 2025.