新浪财经·2025-11-18 13:20Core Insights - Berkshire Hathaway has initiated a position in Alphabet for the first time in Q3, while further reducing its stake in Apple [2][5] - As of the end of Q3, Berkshire's total market value in U.S. stocks reached $267 billion, with the top ten holdings accounting for 86.69% of the total portfolio [3][5] Group 1: Berkshire's Stock Activity - In Q3, Berkshire purchased approximately 17.85 million shares of Alphabet, valued at about $4.34 billion, representing 1.62% of its total holdings and ranking as the tenth largest position [3][4] - Berkshire reduced its Apple holdings by approximately 41.79 million shares, a decrease of over 14.92% from the previous quarter, yet still holds over 238 million shares valued at approximately $60.66 billion, making Apple its largest holding [5] - Additionally, Berkshire sold 37.2 million shares of Bank of America, reducing its stake from 11.12% to 10.96%, and completely exited its position in D.R. Horton, a major U.S. homebuilder [5] Group 2: Alphabet's Financial Performance - Alphabet reported Q3 revenue of approximately $102.3 billion, a year-over-year increase of about 16%, with cloud services revenue reaching around $15.2 billion, growing 34% year-over-year [4] - The company's net profit for the quarter was approximately $35 billion, reflecting a year-over-year growth of about 33%, with earnings per share at approximately $2.87 [4] Group 3: Management Transition - Warren Buffett announced on November 10 that he will no longer write Berkshire's annual report, indicating a transition of management power as the company builds a position in Alphabet [5]