Warren Buffett’s Berkshire snaps up major tech stock, trims favorite

Core Insights - Berkshire Hathaway has reduced its stake in Apple while significantly increasing its investment in Alphabet, indicating a strategic shift in its portfolio management [1][3][5] Investment Moves - Berkshire Hathaway trimmed its Apple stake by approximately 41-42 million shares, representing over a 15% reduction, bringing its total to 238.2 million shares valued at nearly $60 to $61 billion, which still accounts for 23% of its total stock holdings [5][6] - The firm established a new position in Alphabet, acquiring nearly 17.85–17.9 million Class C shares, valued at approximately $4.3 to $4.4 billion, making it one of Berkshire's top-10 holdings and representing almost 1.4% of its total stock portfolio [4][5][8] Strategic Implications - The shift from Apple to Alphabet raises questions about Berkshire's perspective on the AI boom and the high valuations in Big Tech, suggesting a balancing act between opportunity and concentration risks [2] - The timing of these moves is particularly notable as Warren Buffett prepares to hand over CEO responsibilities to Greg Abel, making the strategic pivot feel more significant [2]