Berkshire Hathaway (BRK.A) (BRK.B) has been a net seller of stocks for 14 consecutive quarters, including Q1 2026, which was the first quarter under CEO Greg Abel, who took over the baton from the legendary Warren Buffett earlier this year. 

Abel has, however, been on a check-writing spree in Q2. The company has announced a deal to acquire Taylor Morrison Homes Corp (TMHC) for $6.8 billion and bought $10 billion worth of Alphabet (GOOG) (GOOGL) shares in a private placement. After that investment, Alphabet is now among Berkshire's top five holdings alongside Apple (AAPL), American Express (AXP), Coca-Cola (KO), and Bank of America (BAC).

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Berkshire Has Increased its Alphabet Stake Gradually

Notably, Berkshire first bought Alphabet shares in Q3 2025 and more than tripled its stake in Q1 2026. The conglomerate invested another $10 billion in the Google parent earlier this month as part of the $80 billion capital raise. The capital raise, which was preceded by a bond sale earlier this year, is meant to fund Alphabet's burgeoning capex to build artificial intelligence (AI) infrastructure. Buffett, who generally shied away from tech stocks, had a nuanced view of AI, though. The nonagenarian compared AI's risks to those of nuclear bombs and raised concerns about the technology being an enabler for scammers. However, with Alphabet, Berkshire is playing the AI story. 

Alphabet Trades Below the Price Berkshire Invested in the Stock

Meanwhile, the conglomerate seemed to have got a good deal in private placement as it received Alphabet shares at a discount of more than 6% over its Monday, June 1, closing price. However, thanks to the recent decline in its shares, Alphabet has fallen below the levels at which Berkshire acquired them in the private placement. It's not often that we get to invest in a stock at levels below what a value-oriented company like Berkshire acquires them. 

I was bearish on Alphabet shares for much of this year, not because I found the company's outlook to be terrible, actually far from it, but because of its valuations, which I found a bit high for comfort. In my previous article, I noted that the stock can be nibbled at as the valuations had corrected. With the stock coming off those levels also, let's see if it is a screaming buy yet.