Between August 13 and 14, 2026, Q2 2026 13F filings landed and told a rare story: Stanley Druckenmiller, Seth Klarman, David Tepper, Dan Loeb, and Berkshire Hathaway all moved into Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) in the same quarter. Consensus buys of that magnitude across value, macro, and event-driven billionaires almost never happen simultaneously in a single mega-cap name.
The filings, which report positions as of June 30, 2026, show the following.
- Berkshire Hathaway added 24,541,369 GOOGL shares to reach 78,791,167 shares, a position valued at $28,157,599,351, and also added 23,603,218 GOOG shares to reach 27,188,433, valued at $9,606,489,032, together roughly 0.93% of the company.
- Druckenmiller’s Duquesne Family Office opened a brand new GOOGL position of 336,300 shares worth $120,184,000.
- Klarman’s Baupost Group added 190,800 GOOG shares to reach 1,371,931 shares valued at $484,744,000.
- Tepper’s Appaloosa added 117,300 GOOG shares to reach 1,850,000, valued at $653,660,500.
- Loeb’s Third Point took GOOGL from 175,000 to 1,025,000 shares, adding 850,000 shares valued at $366,304,250, and opened positions in two additional Alphabet share classes.
It’s worth emphasizing that Buffett is now the Chairman of Berkshire Hathaway and day-to-day CEO duties fall to Greg Abel. However, recent reporting from The Wall Street Journal shows that Buffett pushed for an outsized addition of Alphabet during the quarter.
The Thesis ‘Smart Money’ Is Backing
Alphabet trades at a trailing P/E of 17 against a PEG of 0.969, and shares sit at $345.90, down 6.75% over the past month even after a 70.93% one-year run. Q2 earnings were the catalyst: EPS of $9.11 against a $3.04 estimate, revenue of $119.80 billion up 24.2% year over year, and Google Cloud accelerating to 82% growth at $24.77 billion. Sundar Pichai noted “nearly 90% of the Fortune 100 using” Gemini Enterprise, and Gemini models now process 22 billion API tokens per minute.
For value-oriented investors like Klarman and Tepper, this is a Mag 7 franchise trading at a cyclical trough multiple while cloud reaccelerates. For Druckenmiller, a macro allocator opening a new position, the thesis reads as an AI infrastructure call.
The Other Side Retail Investors Should Weigh
‘Smart money’ bought a company that has been visibly bleeding senior AI talent. In June, five top Google AI researchers left in seven days, and Jim Cramer called Noam Shazeer’s jump to OpenAI “a coup.” Then in August, a key AI architect quit, reigniting fears Gemini is losing ground to OpenAI and Anthropic. Cash costs are climbing too: Q2 free cash flow turned negative at $5.86 billion, long-term debt rose from $46.5 billion to $98.2 billion, and the buyback was suspended.
Against all this news, Alphabet has badly underperformed Mag 7 peers across the past month like Microsoft (Nasdaq: MSFT). Remember that 13-F filing are a snapshot in time. Reports of recent buys were just released, but only cover positions on June 30th. While Berkshire is unlikely to have reduced its Alphabet holdings, it will be interesting whether other names on this list that trade more frequently (such as Tepper and Druckenmiller) reduce or increase their position in Alphabet as the stock trails peers across what’s generally be a rally for AI stocks in recent weeks.
Is It Worth Following?
13F filings are point-in-time snapshots disclosed roughly 45 days later, so none of these funds necessarily hold these positions today, and share counts, not dollar values, are the only reliable signal of activity. That said, the coincidence of Druckenmiller, Klarman, Tepper, Loeb, and Berkshire buying the same name at 15x forward earnings is a legitimate flag for a retirement investor.
The thesis is defensible: cheapest Mag 7 multiple, accelerating cloud, and Waymo optionality. The risk is equally clear: talent flight and a CapEx cycle that has already erased free cash flow. Follow it as a research prompt for your own diligence.
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