BERKSHIRE JUST TRIPLED THEIR GOOGLE POSITION. BUT BACK IN 2019, CHARLIE MUNGER DIDN'T HOLD BACK ABOUT MISSING IT
Here's what he said:
"I feel like a horse's ass for not identifying Google better. I think Warren feels the same way. We sort of screwed up. We blew it."
Munger explained they had clear evidence Google's model was working. Berkshire was paying $10 per click at Geico for ads with near-zero marginal cost. They watched it work and did nothing.
"We just sat there sucking our thumbs."
He even said Apple was their atonement.
Six years later, Berkshire finally listened.
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BERKSHIRE JUST TRIPLED HIS GOOGLE POSITION AND EXITED VISA, MASTERCARD, AND UNITEDHEALTH
Here are their updated largest holdings and every move they made in Q1 2026:
Top 10 holdings:
🥇 Apple $AAPL: $57.8B
🥈 American Express $AXP: $45.9B
🥉 Coca-Cola $KO: $30.4B
4. Bank of America $BAC: $25.0B
5. Chevron $CVX: $17.5B
6. Occidental Petroleum $OXY: $17.2B
7. Alphabet $GOOGL: $15.6B (+204% shares)
8. Chubb $CB: $11.2B
9. Moody's $MCO: $10.8B
10. Kraft Heinz $KHC: $7.3B
New positions:
- Delta Air Lines $DAL: $2.65B
- Alphabet $GOOG Class C: $1.03B
- Macy's $M: $55M
Biggest adds:
- Google $GOOGL: +204% shares
- New York Times $NYT: +199%
- Lennar $LEN: +43%
- Occidental Petroleum $OXY: +58% value (price)
- Lennar $LEN-B: +31% shares
Biggest trims:
- Constellation Brands $STZ: -95% shares
- Nucor $NUE: -39%
- Chevron $CVX: -35%
Full exits:
- Visa $V: $2.91B
- Mastercard $MA: $2.28B
- UnitedHealth $UNH: $1.66B
- Domino's Pizza $DPZ: $1.40B
- Aon $AON: $1.27B
- Pool Corp $POOL: $702M
- Amazon $AMZN: $525M
- Heico $HEI-A: $327M
- Liberty Media $FWONK: $297M
- Charter Communications $CHTR: $221M
- Lamar Advertising $LAMR: $152M
- Allegion $ALLE: $124M
- Diageo $DEO: $20M
The rotation: out of payments ($V, $MA), healthcare ($UNH), and consumer discretionary. Into Alphabet at scale, a fresh Delta Airlines bet, and select industrials/homebuilders.
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