Berkshire Hathaway reshuffles portfolio, raises Alphabet and homebuilder stakes

JUST IN: Berkshire Hathaway raises its stakes in Alphabet and US homebuilders while trimming bank and financial holdings in its latest portfolio reshuffle.

Warren Buffett's Berkshire Hathaway just bought more of Google's parent company.

The latest portfolio filing shows Berkshire raising its stake in Alphabet and loading up on American homebuilders, and you know the man himself famously spent decades saying he missed the boat on Google. Apparently the boat came back for another pass.

The other side of the trade is just as telling. Berkshire is trimming its bank and financial holdings, the stuff it's been married to forever. So the most famous value investor on earth is easing out of finance and leaning into big tech and housing. When a fund that size rotates, it's not a mood, it's a thesis.

And here's what I keep chewing on. Buffett buying homebuilders is a bet that America still can't build houses fast enough, and he's rarely wrong about boring things.

This is Sara White, reporting for HIT.

Source Read the original reporting at timesofindia.indiatimes.com