Mei Ri Jing Ji Xin Wen·2025-11-17 17:05Core Insights - Berkshire Hathaway disclosed its first investment in Alphabet during Q3, while further reducing its stake in Apple [1][3] Group 1: Berkshire Hathaway's Investment Activity - As of the end of Q3, Berkshire held a total of 41 stocks in the U.S. market, with a total market value of $267 billion, an increase from $258 billion in the previous quarter [2] - Berkshire purchased approximately 17.85 million shares of Alphabet, valued at about $4.34 billion, making it the tenth largest holding, accounting for 1.62% of the total portfolio [2][3] - The top ten holdings of Berkshire account for 86.69% of its total U.S. stock portfolio [2] Group 2: Changes in Other Holdings - Berkshire reduced its stake in Apple by approximately 41.79 million shares, a decrease of over 14.92% from the previous quarter, but still holds over 238 million shares valued at approximately $60.66 billion, making Apple its largest holding [3] - Additionally, Berkshire sold approximately 37.20 million shares of Bank of America, reducing its holding percentage from 11.12% to 10.96% [3] - The company completely exited its position in D.R. Horton, a major U.S. homebuilder, selling all 1.4854 million shares [3] Group 3: Alphabet's Financial Performance - Alphabet reported Q3 revenue of approximately $102.3 billion, a year-over-year increase of about 16%, with cloud service revenue reaching approximately $15.2 billion, up 34% [3] - The net profit for Alphabet in Q3 was approximately $35 billion, reflecting a year-over-year growth of about 33%, with earnings per share at approximately $2.87 [3] Group 4: Management Transition - Warren Buffett announced on November 10 that he would no longer write Berkshire's annual report, indicating a transition in management as the company builds its position in Alphabet [3]