Berkshire's $299B Portfolio: 658% Google Surge vs. Bank of America Exit

Woofun AI reports that Berkshire Hathaway's Q2 13F filing marks the first major portfolio disclosure since Warren Buffett stepped down as CEO, with Greg Abel now steering the conglomerate's investment strategy.

The filing, disclosed on August 14th Eastern Time, reveals a stock portfolio valued at approximately $299.3 billion, reflecting a 12.09% increase from the $263.1 billion recorded at the end of Q1. During this period, Berkshire Hathaway executed a series of precise trades: adding one new stock, increasing holdings in seven companies, reducing positions in six, and completely selling off one asset.

Structurally, the top ten holdings remain dominated by Apple, American Express, Alphabet, Coca-Cola, Bank of America, Chevron, Occidental Petroleum, Swiss Re, Moody's, and Kraft Heinz. Apple retains its position as the largest holding with a market value of $65.95 billion, accounting for 22% of the total portfolio. American Express follows in second place with a market value of $51.28 billion, representing 17.14% of the total.

A more critical variable is the aggressive accumulation of Alphabet shares. Berkshire Hathaway purchased an additional 24.54 million shares of Google Class A, a 45.24% increase, bringing the total holding to 78.79 million shares valued at approximately $28.158 billion. This move signals a decisive shift toward technology assets under the new leadership.

Woofun AI data shows that notably, the firm also acquired 23.6 million shares of Google Class C, a surge of 658.35%, resulting in a total of 27.19 million shares worth about $9.606 billion. When combined, Alphabet's Class A and Class C shares totaled $37.764 billion, accounting for 12.62% of the portfolio and securing its position as the third-largest holding, surpassing Coca-Cola.

In contrast, Bank of America saw a continued reduction. Berkshire Hathaway sold approximately 30.23 million shares, a 5.89% decrease, resulting in a market value loss of about $1.72 billion. Despite this, the firm still holds 483 million shares valued at $27.544 billion, making it the fifth-largest holding at 9.2% of the portfolio, though this marks the second consecutive quarter of reductions.

Beyond tech, the portfolio expanded in aviation and housing. Delta Air Lines holdings increased by 17.51 million shares, a 44% rise, totaling 57.32 million shares worth $5.369 billion. Lennar saw a 30% increase with 3.01 million Class A and 60,000 Class B shares added. Macy's holdings surged 141.82% with 4.31 million shares, while The New York Times saw a modest addition of 550,000 shares.

The only new addition was Horton Homes, with a small purchase of 3,564 shares valued at $580,000. On the sell side, besides Bank of America, positions in Ally Financial, Capital One, DaVita, Kroger, and Nucor were reduced. Constellation Brands was completely sold off following significant reductions in Q1.

This strategic rotation highlights a clear pivot away from traditional finance and consumer staples toward technology, housing, and aviation. The data suggests a long-term bet on structural growth sectors, marking a distinct evolution in Berkshire Hathaway's investment philosophy under Abel's tenure.