Warren Buffett’s Berkshire Hathaway
revealed a new position in Alphabet
, making the Google parent the conglomerate’s 10th largest equity holding at the end of September, according to a regulatory filing.
Berkshire disclosed a $4.3 billion stake in Alphabet at the end of the third quarter, a surprising move given Buffett’s traditional value investing philosophy and reluctance toward high-growth, tech names. While Berkshire has owned Apple
for years, Buffett has called it more of a consumer products company than a pure tech play.
