Greg Abel took over day-to-day oversight of Berkshire Hathaway's $363 billion portfolio after Warren Buffett retired on Dec. 31, and has already made major moves, including aggressive purchases of Alphabet in the first half of the year. According to an Oct. 14 SEC filing, Berkshire is buying 10 million shares of Bending Spoons in a private placement at $33 per share, a $330 million investment that follows a $600 million stake bought at the company's July IPO. The article argues that Alphabet has replaced Apple as Abel's favored holding, citing Google's near-monopoly in search (around 90% of global internet search traffic in September) and its AI push, especially at Google Cloud. Bending Spoons acquires tech platforms and uses software, AI, price hikes and layoffs to boost efficiency; it is already profitable and growing fast.
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GOOGLBerkshire HathawayWarren BuffettIPO
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Related tickers and likely impact
GOOGL
▲ Likely positiveAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/20/2026 | 340.24 |
| Change that session | -1.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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