Alphabet becomes Berkshire Hathaway’s third-largest investment

Berkshire Hathaway said on Friday it boosted the size of its investment in Alphabet by 83% in the second quarter, making the parent of Google and YouTube its third-largest stock holding. Berkshire said in a ‌regulatory filing that ⁠it owned ⁠nearly 106 million Alphabet shares worth about $37.8 billion as of June 30, up from 57.8 million shares three months earlier. The stake included a $10 billion investment announced in June, to help Alphabet expand its AI infrastructure. Apple remained Berkshire’s largest stock investment, worth $66 billion at the end of June, followed by American Express at $51.3 billion. Coca-Cola ranked fourth and Bank of America was fifth.