Updated
Updated · 24/7 Wall St. · Aug 15
Buffett, Druckenmiller Build Alphabet Stakes in Q2 as Berkshire Lifts Holding 83%
Updated
Updated · 24/7 Wall St. · Aug 15

Buffett, Druckenmiller Build Alphabet Stakes in Q2 as Berkshire Lifts Holding 83%

3 articles · Updated · 24/7 Wall St. · Aug 15

Summary

  • Berkshire Hathaway added about 48 million Alphabet shares in Q2, raising its combined GOOG/GOOGL stake 83% to roughly 106 million shares worth $37.8 billion.
  • That pushed Alphabet to 10.2% of Berkshire’s equity portfolio—its third-largest holding—with about 60% of the added shares tied to a $10 billion June private placement funding AI infrastructure.
  • Duquesne Family Office separately opened a new Alphabet position in its $5.21 billion portfolio, alongside fresh stakes in AMD and Fox while exiting Broadcom, Intel and Micron.
  • Buffett said in June that Alphabet was his idea, citing its dominant search business, YouTube’s 2.7 billion monthly users and a cloud unit ranked behind only AWS and Azure.
  • The parallel bets stand out because Berkshire and Druckenmiller run very different strategies, suggesting rare cross-style conviction in Alphabet even though 13F filings reflect past-quarter positions.

Insights

Why did Druckenmiller abruptly dump his Alphabet shares just months after buying, even as Buffett made it Berkshire's third-largest holding?
Are traditional valuation models failing to capture Alphabet's AI potential, or is Buffett ignoring the risks of unprecedented infrastructure costs?
Can Alphabet's massive $190 billion AI spending in 2026 actually generate profitable returns, or is the tech giant currently dangerously overvalued?