Berkshire Hathaway boosts Alphabet, homebuilder stakes in Q2

Berkshire Hathaway added 48.1 million Alphabet shares in the April-June quarter, increasing its total holding to 106 million shares valued at about $37.76 billion, livemint and times of india report. Chief executive Greg Abel agreed to invest $10 billion in Alphabet in June, expanding a stake started last year.

The conglomerate also boosted its homebuilding investments. Its stake in Lennar rose nearly 30% and it built a new $580,504 position in DR Horton. In July, Berkshire completed its $6.8 billion acquisition of Taylor Morrison.

Berkshire reduced holdings in financial stocks, cutting stakes in Bank of America by 6%, Ally Financial by 6.9% and Capital One Financial by 58%. It also trimmed positions in Kroger, Nucor and DaVita and exited Constellation Brands entirely.