Berkshire Hathaway has raised its stake in Alphabet Inc. to 27.2 million Class C capital stock shares. The position change was disclosed in a recent filing with the US Securities and Exchange Commission (SEC).

The filing confirms the updated share count but does not specify the exact date of the transactions or the average price paid for the additional shares. As an SEC filing, the data reflects the regulatory requirement for large investors to disclose changes in ownership of publicly traded securities.

Filing Details

The move highlights continued institutional interest in Alphabet, though the filing itself provides no commentary on future investment plans or strategic intent.

Schall, Brown & Schwartz LLP ("SBS") has announced it is investigating potential securities law violations on behalf of investors of Alphabet Inc. (NASDAQ: GOOG). This marks the second major law firm to join the scrutiny of Alphabet’s recent disclosures, following an earlier investigation launched by Pomerantz LLP. The combined inquiries focus on whether the company and its officers issued false or misleading statements regarding artificial intelligence development timelines and capital allocation strategies during a period of significant market volatility. Investors who purchased Alphabet stock between July 16, 2026, and July 23, 2026, are advised to contact either firm to discuss their rights, as these dates mark significant declines linked to negative operational updates.

The investigation centers on two key events that triggered sharp declines in Alphabet’s share price in July 2026. On July 16, 2026, reports emerged that Google was "months behind schedule on delivering Gemini 3.5 Pro," its flagship AI model. This disclosure cited disappointing results from an attempt to improve the model's skills by updating training data late last month. Following this news, Alphabet’s stock price fell $16.40 per share, or 4.4%, closing at $353.81 per share.

Further pressure mounted when Alphabet released its second quarter 2026 financial results on July 22, 2026. The company announced a significant expansion of its expected full-year 2026 capital expenditures to $195 billion to $205 billion. Additionally, Alphabet disclosed a negative free cash flow of $5.9 billion for the quarter. Management stated that due to a supply-constrained environment, it plans to expand the use of third-party capacity in Q3 as a bridging strategy, noting this would create modest margin pressure in the near term.

On July 23, 2026, following the release of the financial results, Alphabet’s stock price fell another $23.57 per share, or 6.89%, to close at $318.34 per share.

What the Numbers Show

The divergence between Alphabet’s aggressive AI ambitions and its execution reality appears to be the core concern for investors. The expansion of capital expenditure guidance to as high as $205 billion, coupled with a quarterly negative free cash flow of $5.9 billion, indicates substantial cash burn. The reliance on third-party capacity to bridge supply constraints further highlights execution risks that may impact near-term margins, a factor not fully priced in prior to these disclosures.