Locator: 49719BRK.
Updates
November 16, 2025: to be reported later today.
In a sense, it was reported correctly but no one seems to have noted
a bigger story here. I'll post that observation later today if I don't forget but there's enough here that folks should be able to figure this out.
This is indirectly related to what I will post later today:
And despite that healthy increase in cash-on-hand shares of BRK-B
continued to fall, including falling another 1% (rounded) on Friday, two
days ago. This was after the most recent "Form 13F" was released.
Okay,
this is what I noted that I had not seen explicitly pointed out by
mainstream analysts: BRK / Warren Buffett did not use new money to start
a position in GOOG. BRK / Warren Buffett simply sold some AAPL (and
perhaps other) shares and used that case start a position in GOOG. This
is truly amazing. Keeping even more money in cash and not increasing his
overall equity stake.
Right now, investors are overwhelmingly
FEARFUL. Warren Buffett has always been said to buy when others are
FEARFUL; sell when others are GREEDY. Apparently not now.
Original Post
Holy mackerel. You snooze, you lose.
LOL.
Berkshire (BRK) sells more AAPL, but takes a $4.3-billion position in GOOG. Need to fact check.
All of this while I was knee-deep in reading about "second sight in Scotland." Link here. ChatGPT brought me to this subject when I got into a long discussion with ChatGPT about the Johnson-Boswell tour of the Hebrides, 1773.
I use ChatGPT when I'm interested in a conversation among friends. I use Google's Gemini when I want a quick, clear-cut answer to anything with regard to investing.
Yup, it's true, about BRK, AAPL, and GOOG.
“I had seen the product work, and I knew the kind of margins
[they had]. GEICO was paying them $10 or $11 per click, or something
like that, and any time you’re paying somebody $10 or $11 bucks every
time [someone clicks on a line] where you have no cost at all, that’s a
good business. I knew the guys and … I had plenty of ways to ask
questions and educate myself, but I blew it.” – Warren Buffett speaking
about not buying Google (Alphabet) at the 2017 Berkshire Hathaway Annual
Meeting.
Holy mackerel -- he recognized his mistake in 2017 and didn't initiate a position until now, eight years later.
In 2017, GOOG was selling for $40 / share. Last week, $280 / share. Who was steering the ship in 2017. Fingers seem to point to Charlie Munger, based on timimg.
Berkshire Hathaway’s (BRK/A, BRK/B) third-quarter
13F was filed after the market closed on November 14. This regulatory
filing gives us a quarterly opportunity to observe what Warren Buffett,
Greg Abel, and their investment team, Todd Combs and Ted Weschler, are
doing within Berkshire’s publicly traded equity portfolio.
Berkshire has
a large stable of wholly owned entities, but this report provides
details on the US publicly traded stock portion of its investments.
Berkshire’s third-quarter earnings report,
which contains information about the extensive portfolio of
wholly-owned operating companies, was released on Saturday, November 1, 2025.
Why did it take two weeks for this to become public? Maybe I'm missing something.
But then, even in Forbes, this was buried deep in the article:
In the third quarter, Berkshire added one new holding, Alphabet – Class A
(GOOGL). With a value of $4.3 billion, Berkshire’s stake in Alphabet is
its tenth largest position.
Google is the leading internet search
engine, with its revenues primarily generated by advertising. It hosts a
vast array of businesses, including YouTube and Google Cloud. Google is
also active in artificial intelligence (AI) with its Gemini platform,
which has been integrated into Alphabet’s Chrome internet browser and
search. Despite rising by over 46% year-to-date, Alphabet’s valuation is
lower than many of its AI-related mega-cap technology peers.
GOOGL
trades at 25.5 times next year’s earnings, compared to Microsoft (32.0),
Broadcom (50.8), Meta Platforms (21.3), and NVIDIA (41.9).
Much could be said.
