Berkshire, Billionaires Pile Into Alphabet After $119.8 Billion Q2 Revenue Beat

Q: Since 13F filings are delayed, have these billionaire hedge fund managers already secretly dumped their Alphabet positions by August 2026?

No one outside the funds knows that, and there is no evidence in the filings themselves that they already dumped Alphabet by mid-August 2026. The key fact is that 13F reports are backward-looking snapshots. The filings released on Aug. 13–14 show what these managers owned on June 30, not what they owned in August. That means Berkshire Hathaway, Duquesne, Baupost, Appaloosa, and Third Point could have trimmed, sold, added, or left the positions unchanged after quarter-end without that appearing yet. What can be said is that the odds are not the same for all of them. Berkshire’s nearly $38 billion Alphabet stake looks more consistent with a longer-term commitment, and Warren Buffett publicly said in July, “I initiated it,” reinforcing that the purchase was intentional rather than incidental. Berkshire also bought a large chunk through a June private placement, which suggests a more durable position. By contrast, faster-trading managers such as Stanley Druckenmiller, David Tepper, and Dan Loeb are more capable of moving quickly, so it is more plausible that their August holdings differed from the June 30 snapshot. Still, “secretly dumped” goes too far. There has been no public proof of wholesale exits by these investors as of Aug. 18, 2026. The proper reading is narrower: the filings confirm that a rare group of elite investors was bullish on Alphabet in Q2, but they do not confirm those same positions remained in place six weeks later.

3 articles · Updated · 24/7 Wall St. · Aug 17

13F filings dated June 30 show Berkshire Hathaway, Stanley Druckenmiller, Seth Klarman, David Tepper and Dan Loeb all added or opened Alphabet positions in the same quarter, an unusually broad consensus trade in a mega-cap stock.
Berkshire made the biggest move, adding 24.5 million GOOGL shares and 23.6 million GOOG shares to holdings worth about $37.8 billion combined, while Druckenmiller opened a new 336,300-share stake and Loeb lifted GOOGL to 1.03 million shares.
Alphabet’s Q2 results drove the buying: EPS hit $9.11 versus a $3.04 estimate, revenue rose 24.2% to $119.8 billion, and Google Cloud jumped 82% to $24.77 billion as Gemini Enterprise gained Fortune 100 traction.
The purchases came even as Alphabet traded at a relatively modest 17 trailing P/E and about 15 times forward earnings, with the stock down 6.75% over the past month despite a 70.93% one-year gain.
Risks still cloud the thesis: 13F filings are 45-day-old snapshots, Alphabet has lost senior AI talent, free cash flow turned negative $5.86 billion in Q2, long-term debt climbed to $98.2 billion, and buybacks were suspended.