Alphabet rallies after Berkshire reveals stake. Why Buffett’s firm likely bought it

Alphabet rallies after Berkshire reveals stake. Why Buffett’s firm likely bought it


Key Points
  • Berkshire Hathaway owned roughly $4.3 billion worth of Alphabet as of Sept. 30, making it the firm’s 10th largest equity holding, a filing showed.
  • The Alphabet investment likely came from one of his two lieutenants, Todd Combs or Ted Weschler.
  • Though its size suggests it likely had the blessing of Buffett, who is stepping down as CEO at the end of this year.



Source

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