Berkshire Q1 Boosts Alphabet, Cuts Amazon in 13F Portfolio Shift
Berkshire Hathaway disclosed its Q1 13F showing a major rotation in US equities. The firm increased its stake in Alphabet (GOOGL), adding more than 36 million shares. Alphabet’s portfolio weight rose from 2.04% to 5.93%, making it a clear focal point of the quarter. Berkshire also bought other stocks such as The New York Times.
On the sell side, Berkshire cut exposure to Amazon (AMZN) and also reduced holdings in Visa (V), Mastercard (MA), and UnitedHealth (UNH). It further trimmed Chevron (CVX) and Bank of America (BAC). Berkshire initiated a new position in Delta Air Lines (DAL), buying about 39.8 million shares, worth roughly $2.65B. Apple (AAPL) was kept unchanged and remained the largest holding, ending three consecutive quarters of selling.
Overall, Berkshire’s US equity holdings were valued at $26.3B versus $27.4B in the prior quarter. During the quarter, it bought about $16B of stocks and sold about $24B, resulting in net sales of roughly $8.15B. The number of positions fell sharply from 42 to 29, suggesting higher concentration.
For traders, this is a tech-sector and mega-cap sentiment read-through: Alphabet’s bigger weight and Amazon’s exit signal a preference shift within large-cap equities, which can marginally influence risk appetite across growth/tech and ad-tech narratives.
Neutral
This news is directly about US equity portfolio changes (Berkshire Hathaway’s 13F), not crypto fundamentals. However, large-cap equity rotation can still affect broader risk sentiment, especially when it signals a preference toward (or away from) mega-cap tech.
Alphabet’s stake jump (weight rising to 5.93%) suggests a mild positive read-through for tech/growth positioning, while the complete exit of Amazon (AMZN) is a tactical negative for that specific name. Still, because 13F filings are backward-looking disclosures and because crypto is not directly exposed to Alphabet’s custody/earnings in this article, the net effect on crypto markets is likely limited.
Historically, major institutional 13F updates tend to move equity sector narratives more than crypto. In the short term, traders may see a “risk-on/risk-off” signal that slightly impacts BTC/ETH correlation with Nasdaq-like moves. In the long term, unless the portfolio shift comes with clear, repeatable implications for liquidity, rates, or global risk appetite, crypto usually reverts to its own drivers (ETF flows, macro liquidity, regulation, and on-chain demand). Therefore, the expected impact is neutral with a small sentiment spillover risk.