Warren Buffett Just Bought Alphabet Stock, and Here's The Likely Reason Why

Warren Buffett's conglomerate Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) just filed its 13F filing last Friday, revealing a new position in Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). In the third quarter, Berkshire bought $4.3 billion worth of Alphabet shares, making the Search giant Berkshire's 10th-largest equity position.The move is in some ways surprising, but in other ways not. While Buffett has generally eschewed technology stocks, Berkshire's largest equity position has been Apple (NASDAQ: AAPL) since 2017. Additionally, Buffett and his late partner Charlie Munger have discussed "missing" the opportunity to buy Alphabet in the past. So some may have concluded Berkshire would never buy Alphabet.Still, Alphabet entered the year as the cheapest of the "Magnificent Seven" stocks, due to a specific fear around the disruption of its Search business. That's why the timing of Berkshire's purchase likely came due to one specific data point that emerged in Q3. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool