Berkshire Hathaway expands Alphabet stake and trims bank exposure in Q2

Berkshire Hathaway’s Q2 13F filing showed a notable portfolio rotation: it aggressively increased its Alphabet stake, adding tens of millions of shares across both GOOG and GOOGL, while cutting back significantly on bank holdings. Bank of America was trimmed by more than 30 million shares, and Berkshire also reduced Capital One and Ally exposure. The conglomerate added to cyclical and consumer names such as Delta Air Lines and Macy’s, exited Constellation Brands, and expanded homebuilder exposure through Lennar and a new position in D.R. Horton. The filing suggests Berkshire is leaning further into large-cap tech and housing while reducing financial sector concentration. The moves come alongside a strong Q2 earnings report, with operating profit up 16% to $12.98 billion and about $4.5 billion deployed in share repurchases, reinforcing confidence in Berkshire’s capital allocation strategy and portfolio flexibility.