Berkshire Hathaway doubles down on the U.S. housing market with a fresh bet on this stock

Berkshire Hathaway has upped its bet on the U.S. housing market, and also boosted its stakes in Alphabet and Delta Air Lines.

Alphabet becomes Berkshire Hathaway's third-largest investment  Reuters

Berkshire owned about 106 million shares in the parent of Google, worth $37.9 billion at the end of June, according to a regulatory filing released Friday.

Alphabet is now Berkshire's its third-largest stock holding.

For decades, thousands of Chinese investors made pilgrimages each spring to Omaha, in the central US state of Nebraska, treating Warren Buffett’s shareholder meetings for investment firm Berkshire Hathaway less as corporate briefings than as audiences with an oracle. Buffett’s retirement as CEO, effective January 1, en