Warren Buffett

Full summary

Buffett deployed $12.6B into Alphabet in the second quarter, marking the largest addition to GOOGL on record with us since 2024-Q3. The move, which added 24.5M shares and represented 4% of his disclosed book, reflected a 45% increase quarter-over-quarter. Separately, he added 23.6M shares to GOOG (+$8.6B, +658% QoQ), signaling a concentrated bet on the search and AI giant across both share classes. Outside tech, Buffett added 17.5M shares to Delta Air Lines (+$2.7B, +44% QoQ), resuming airline exposure after years of skepticism. He trimmed Kroger by 11.0M shares (−$1.5B, −22% QoQ) and cut Nucor by 2.0M shares (−$246.9M, −52% QoQ), paring industrial and consumer positions. He also trimmed DaVita for a 6th consecutive quarter (−1.2M shares in Q2), continuing a multi-year reduction in the healthcare dialysis operator. The quarter's pattern reflects a reshuffling toward technology and away from cyclical industrials and healthcare services. Alphabet's dual-class surge anchors the window, while the airline addition and selective trims suggest tactical rebalancing rather than broad portfolio overhaul.

Underlying filings

1. Institutional holdingWarren BuffettJun 30, 2026Added to GOOG · +23.6M shares · +$8.6B
2. Institutional holdingWarren BuffettJun 30, 2026Trimmed KR · −11.0M shares · −$1.5B
3. Institutional holdingWarren BuffettJun 30, 2026Added to GOOGL · +24.5M shares · +$12.6B
4. Institutional holdingWarren BuffettJun 30, 2026Trimmed NUE · −2.0M shares · −$246.9M
5. Institutional holdingWarren BuffettJun 30, 2026Trimmed DVA · −1.2M shares · +$1.8B
6. Institutional holdingWarren BuffettJun 30, 2026Added to DAL · +17.5M shares · +$2.7B