<p>等待結束了。任何想知道新任 <strong>伯克希爾哈撒韋</strong>（ BRKA +0.85%)( BRKB +1.18%）首席執行官 Greg Abel 在沒有 沃倫·巴菲特 的情況下會購買哪些股票的人，現在有了答案。實際上，他們有 <em>七個</em> 答案。</p>
<p>伯克希爾哈撒韋在 5 月 15 日市場收盤後提交了 2026 年第一季度的 13F 監管文件。該綜合企業在 Abel 擔任首席執行官的初始季度購買了七隻股票。其中一隻股票在眾多股票中脱穎而出，成為最佳選擇。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MDY1OS9idWZmZXR0MTctdG1mLmpwZwI2dz0zODQwAjZvcD1yZXNpemU?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MDY1OS9idWZmZXR0MTctdG1mLmpwZwI2dz0zODQwAjZvcD1yZXNpemU"/></p>
<p>圖片來源：The Motley Fool。</p>
<h2>伯克希爾的幸運七</h2>
<p>伯克希爾哈撒韋在第一季度的六筆購買中，有四筆是增加了現有持倉。最大的一筆是將谷歌母公司 <strong>Alphabet</strong>（ GOOG 0.05%)( GOOGL 0.13%）的股份（具體來説是 A 類股票）增加了 204%。</p>
<p>伯克希爾幾乎將其在 <strong>紐約時報公司</strong>（ NYT +2.95%）的持倉增加了三倍。該綜合企業還增加了對房屋建築商 <strong>萊納</strong>（ LEN +1.85%)( LENB +2.43%）A 類和 B 類股票的持有。</p>
<p>展開</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvTllULnBuZwI2dz0xMjgCNm9wPXJlc2l6ZQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="紐約時報公司股票報價" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvTllULnBuZwI2dz0xMjgCNm9wPXJlc2l6ZQ"/></p>
<h2>NYSE: NYT</h2>
<p>紐約時報公司</p>
<p>今日變動</p>
<p>(2.95%) $2.20</p>
<p>當前價格</p>
<p>$76.68</p>
<h3>關鍵數據點</h3>
<p>市值</p>
<p>$120 億</p>
<p>日內區間</p>
<p>$74.63 - $77.29</p>
<p>52 周區間</p>
<p>$51.03 - $87.10</p>
<p>成交量</p>
<p>200 萬</p>
<p>平均成交量</p>
<p>220 萬</p>
<p>毛利率</p>
<p>48.22%</p>
<p>股息收益率</p>
<p>1.00%</p>
<p><strong>達美航空</strong>（ DAL +0.01%）是伯克希爾最大的新增持倉。Abel 授權購買了 3980 萬股 航空股票，截至第一季度末，該持倉的價值為 26 億美元。伯克希爾還購買了 300 萬股 <strong>梅西百貨</strong>（ M +0.60%）。</p>
<p>或許是一個轉折，伯克希爾哈撒韋在增加 A 類股票的同時，首次建立了對 Alphabet C 類股票的新持倉。在 Alphabet 最近的漲幅後，這家科技巨頭現在成為伯克希爾的第五大持倉。</p>
<p>展開</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvR09PRy5wbmcCNnc9MTI4AjZvcD1yZXNpemU?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Alphabet 股票報價" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvR09PRy5wbmcCNnc9MTI4AjZvcD1yZXNpemU"/></p>
<h2>NASDAQ: GOOG</h2>
<p>Alphabet</p>
<p>今日變動</p>
<p>(-0.05%) $-0.21</p>
<p>當前價格</p>
<p>$393.11</p>
<h3>關鍵數據點</h3>
<p>市值</p>
<p>$4.8 萬億</p>
<p>日內區間</p>
<p>$390.90 - $404.47</p>
<p>52 周區間</p>
<p>$163.33 - $404.47</p>
<p>成交量</p>
<p>1900 萬</p>
<p>平均成交量</p>
<p>1900 萬</p>
<p>毛利率</p>
<p>60.43%</p>
<p>股息收益率</p>
<p>0.21%</p>
<h2>分析這些選擇</h2>
<p>重要的是，巴菲特仍然積極參與伯克希爾的投資。他在今年早些時候接受 CNBC 的 Becky Quick 採訪時承認，他仍在進行投資，並指出他 “不會做任何 Greg 認為錯誤的投資”。</p>
<p>巴菲特本質上仍然是一個 價值投資者。毫不奇怪，伯克希爾在第一季度購買的一些股票的估值被許多人視為有吸引力。梅西百貨就是最好的例子，這隻零售股票的前瞻性市盈率仍約為九倍。伯克希爾還利用機會在第一季度購買了達美航空的股票，幾乎可以肯定是在該股票因對伊朗戰爭導致的燃料成本上升的擔憂而受到打壓時。</p>
<p>萊納的估值也相對便宜，今天的前瞻性市盈率為 14.4。我們不知道伯克希爾第一季度交易的確切時機，但在季度後期的購買似乎更有可能，因為該股票因美國購房者需求疲軟和輸入成本上升而下跌。然而，Abel 和巴菲特無疑明白萊納的長期前景依然穩固。</p>
<p>展開</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvTEVOLnBuZwI2dz0xMjgCNm9wPXJlc2l6ZQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="萊納股票報價" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvTEVOLnBuZwI2dz0xMjgCNm9wPXJlc2l6ZQ"/></p>
<h2>NYSE: LEN</h2>
<p>萊納</p>
<p>今日變動</p>
<p>(1.85%) $1.52</p>
<p>當前價格</p>
<p>$83.82</p>
<h3>關鍵數據點</h3>
<p>市值</p>
<p>$210 億</p>
<p>日內區間</p>
<p>$82.73 - $85.42</p>
<p>52 周區間</p>
<p>$82.06 - $144.24</p>
<p>成交量</p>
<p>340 萬</p>
<p>平均成交量</p>
<p>300 萬</p>
<p>毛利率</p>
<p>16.72%</p>
<p>股息收益率</p>
<p>2.39%</p>
<p>巴菲特可能影響了伯克希爾對 Alphabet 兩類股票的購買。他一直後悔多年前沒有建立對該股票的持倉。儘管這位傳奇投資者可能不認為 Alphabet 的雲業務在他的能力範圍內，但他在看到強大護城河時會有所認同。</p>
<p>那麼，伯克希爾在紐約時報公司持股顯著增加的原因是什麼呢？或許對這筆購買的最佳解釋是，該媒體公司的數字化舉措持續取得成效。例如，紐約時報公司在 2 月份報告稱，其數字廣告收入在 2025 年第四季度同比飆升 24.9%。</p>
<h2>最佳選擇</h2>
<p>伯克希爾哈撒韋在第一季度的股票購買是合理的。然而，如果我必須選擇其中最佳的，那就是 Alphabet。你可以拋硬幣決定是 A 類股票還是 C 類股票更值得關注。</p>
<p>Alphabet 在幾乎所有塑造未來的主要技術趨勢中都處於有利位置。它是人工智能（AI）的領導者。谷歌雲是三大雲服務提供商中增長最快的。谷歌 Gemini 是最強大的 AI 模型之一。該公司的張量處理單元（TPUs）需求如此強勁，以至於 Alphabet 現在將其出售給外部客户。</p>
<p>Waymo 在自動駕駛叫車市場處於領先地位。谷歌量子 AI 正在激烈競爭開發強大的量子計算機。Alphabet 的 Verily 正在利用技術改善醫療保健。其 Calico 部門在延長人類壽命方面處於前沿。</p>
<p>可以肯定的是，Alphabet 的股價並不像伯克希爾在第一季度購買的其他股票那樣便宜。但從未來的角度來看，我認為它顯然是其中最好的選擇。</p>

谷歌-C

谷歌-A

伯克希爾哈撒韋-B

伯克希爾哈撒韋-A

萊納房產-B

紐約時報

萊納房產-A

達美航空

GOOW

雲計算 ETF - GlobalX

<p>在新任首席執行官 Greg Abel 的領導下，伯克希爾哈撒韋在 2026 年第一季度購買了七隻股票，其中對 Alphabet 的持股增加了 204%，並在達美航空建立了價值 26 億美元的新頭寸。該公司還擴大了在紐約時報和萊納房產的持股。儘管巴菲特的角色有所減弱，但他在投資決策中仍然具有影響力。Alphabet 因其在人工智能和雲服務領域的領導地位而被突出為最具亮點的投資</p>

<p>The wait is over. Anyone wondering which stocks new <strong>Berkshire Hathaway</strong>( BRKA +0.85%)( BRKB +1.18%) CEO Greg Abel would buy in the company's first quarter without Warren Buffett as CEO now has an answer. Actually, they have <em>seven</em> answers.</p>
<div class="lb-trans"><p>等待結束了。任何想知道新任 <strong>伯克希爾哈撒韋</strong>（ BRKA +0.85%)( BRKB +1.18%）首席執行官 Greg Abel 在沒有 沃倫·巴菲特 的情況下會購買哪些股票的人，現在有了答案。實際上，他們有 <em>七個</em> 答案。</p>
</div><p>Berkshire Hathaway submitted its 13F regulatory filing for the first quarter of 2026 after the market closed on May 15. The conglomerate bought seven stocks during Abel's initial quarter at the helm. And one of them stands out as the best of the bunch.</p>
<div class="lb-trans"><p>伯克希爾哈撒韋在 5 月 15 日市場收盤後提交了 2026 年第一季度的 13F 監管文件。該綜合企業在 Abel 擔任首席執行官的初始季度購買了七隻股票。其中一隻股票在眾多股票中脱穎而出，成為最佳選擇。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzA2NTkvYnVmZmV0dDE3LXRtZi5qcGcmdz0zODQw" alt="Warren Buffett." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F870659%2Fbuffett17-tmf.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>圖片來源：The Motley Fool。</p>
</div><h2>Berkshire's lucky seven</h2>
<div class="lb-trans"><h2>伯克希爾的幸運七</h2>
</div><p>Four of Berkshire Hathaway's six purchases in Q1 added shares to existing positions. The biggest of these was increasing the stake in Google parent <strong>Alphabet</strong>( GOOG 0.05%)( GOOGL 0.13%) (specifically, the Class A shares) by 204%.</p>
<div class="lb-trans"><p>伯克希爾哈撒韋在第一季度的六筆購買中，有四筆是增加了現有持倉。最大的一筆是將谷歌母公司 <strong>Alphabet</strong>（ GOOG 0.05%)( GOOGL 0.13%）的股份（具體來説是 A 類股票）增加了 204%。</p>
</div><p>Berkshire nearly tripled its position in <strong>The New York Times Company</strong>( NYT +2.95%). The conglomerate also added to its holdings of the Class A and Class B shares of homebuilder <strong>Lennar</strong>( LEN +1.85%)( LENB +2.43%).</p>
<div class="lb-trans"><p>伯克希爾幾乎將其在 <strong>紐約時報公司</strong>（ NYT +2.95%）的持倉增加了三倍。該綜合企業還增加了對房屋建築商 <strong>萊納</strong>（ LEN +1.85%)( LENB +2.43%）A 類和 B 類股票的持有。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展開</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL05ZVC5wbmcmdz0xMjg" alt="The New York Times Co. Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FNYT.png&amp;w=128&amp;op=resize"/></p>
<h2>NYSE: NYT</h2>
<div class="lb-trans"><h2>NYSE: NYT</h2>
</div><p>The New York Times Co.</p>
<div class="lb-trans"><p>紐約時報公司</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日變動</p>
</div><p>(2.95%) $2.20</p>
<div class="lb-trans"><p>(2.95%) $2.20</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>當前價格</p>
</div><p>$76.68</p>
<div class="lb-trans"><p>$76.68</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>關鍵數據點</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$12B</p>
<div class="lb-trans"><p>$120 億</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</p>
</div><p>$74.63 - $77.29</p>
<div class="lb-trans"><p>$74.63 - $77.29</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周區間</p>
</div><p>$51.03 - $87.10</p>
<div class="lb-trans"><p>$51.03 - $87.10</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>2M</p>
<div class="lb-trans"><p>200 萬</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>2.2M</p>
<div class="lb-trans"><p>220 萬</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>48.22%</p>
<div class="lb-trans"><p>48.22%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>1.00%</p>
<div class="lb-trans"><p>1.00%</p>
</div><p><strong>Delta Air Lines</strong>( DAL +0.01%) ranks as Berkshire's largest new holding. Abel authorized the purchase of 39.8 million shares of the airline stock, with the position valued at $2.6 billion at the end of Q1. Berkshire also bought 3 million shares of <strong>Macy's</strong>( M +0.60%).</p>
<div class="lb-trans"><p><strong>達美航空</strong>（ DAL +0.01%）是伯克希爾最大的新增持倉。Abel 授權購買了 3980 萬股 航空股票，截至第一季度末，該持倉的價值為 26 億美元。伯克希爾還購買了 300 萬股 <strong>梅西百貨</strong>（ M +0.60%）。</p>
</div><p>In what was perhaps a twist, Berkshire Hathaway initiated a new position in Alphabet's Class C shares in addition to scooping up more Class A shares. After Alphabet's recent gains, the tech giant now ranks as Berkshire's fifth-largest holding.</p>
<div class="lb-trans"><p>或許是一個轉折，伯克希爾哈撒韋在增加 A 類股票的同時，首次建立了對 Alphabet C 類股票的新持倉。在 Alphabet 最近的漲幅後，這家科技巨頭現在成為伯克希爾的第五大持倉。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展開</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0dPT0cucG5nJnc9MTI4" alt="Alphabet Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FGOOG.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: GOOG</h2>
<div class="lb-trans"><h2>NASDAQ: GOOG</h2>
</div><p>Alphabet</p>
<div class="lb-trans"><p>Alphabet</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日變動</p>
</div><p>(-0.05%) $-0.21</p>
<div class="lb-trans"><p>(-0.05%) $-0.21</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>當前價格</p>
</div><p>$393.11</p>
<div class="lb-trans"><p>$393.11</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>關鍵數據點</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$4.8T</p>
<div class="lb-trans"><p>$4.8 萬億</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</p>
</div><p>$390.90 - $404.47</p>
<div class="lb-trans"><p>$390.90 - $404.47</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周區間</p>
</div><p>$163.33 - $404.47</p>
<div class="lb-trans"><p>$163.33 - $404.47</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>19M</p>
<div class="lb-trans"><p>1900 萬</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>19M</p>
<div class="lb-trans"><p>1900 萬</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>60.43%</p>
<div class="lb-trans"><p>60.43%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>0.21%</p>
<div class="lb-trans"><p>0.21%</p>
</div><h2>Analyzing the picks</h2>
<div class="lb-trans"><h2>分析這些選擇</h2>
</div><p>Importantly, Buffett is still actively involved with Berkshire's investing. He acknowledged in an interview with CNBC's Becky Quick earlier this year that he's still making investments, noting that he &#34;won't make any that Greg thinks are wrong.&#34;</p>
<div class="lb-trans"><p>重要的是，巴菲特仍然積極參與伯克希爾的投資。他在今年早些時候接受 CNBC 的 Becky Quick 採訪時承認，他仍在進行投資，並指出他 “不會做任何 Greg 認為錯誤的投資”。</p>
</div><p>Buffett remains a value investor at heart. Unsurprisingly, some of the stocks Berkshire bought in Q1 traded at valuations many would view as attractive. Macy's is the best example, with the retail stock still trading at around nine times forward earnings. Berkshire also took advantage of an opportunity to scoop up shares of Delta Air Lines in Q1, almost certainly when the stock was beaten down over worries about rising fuel costs resulting from the Iran war.</p>
<div class="lb-trans"><p>巴菲特本質上仍然是一個 價值投資者。毫不奇怪，伯克希爾在第一季度購買的一些股票的估值被許多人視為有吸引力。梅西百貨就是最好的例子，這隻零售股票的前瞻性市盈率仍約為九倍。伯克希爾還利用機會在第一季度購買了達美航空的股票，幾乎可以肯定是在該股票因對伊朗戰爭導致的燃料成本上升的擔憂而受到打壓時。</p>
</div><p>Lennar is also relatively inexpensive, with a forward earnings multiple of 14.4 today. We don't know the exact timing of Berkshire's Q1 trades, but purchases later in the quarter seem likely after the stock sank because of weaker demand from U.S. homebuyers and rising input costs. Abel and Buffett, though, no doubt understand that Lennar's long-term prospects remain solid.</p>
<div class="lb-trans"><p>萊納的估值也相對便宜，今天的前瞻性市盈率為 14.4。我們不知道伯克希爾第一季度交易的確切時機，但在季度後期的購買似乎更有可能，因為該股票因美國購房者需求疲軟和輸入成本上升而下跌。然而，Abel 和巴菲特無疑明白萊納的長期前景依然穩固。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展開</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0xFTi5wbmcmdz0xMjg" alt="Lennar Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FLEN.png&amp;w=128&amp;op=resize"/></p>
<h2>NYSE: LEN</h2>
<div class="lb-trans"><h2>NYSE: LEN</h2>
</div><p>Lennar</p>
<div class="lb-trans"><p>萊納</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日變動</p>
</div><p>(1.85%) $1.52</p>
<div class="lb-trans"><p>(1.85%) $1.52</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>當前價格</p>
</div><p>$83.82</p>
<div class="lb-trans"><p>$83.82</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>關鍵數據點</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$21B</p>
<div class="lb-trans"><p>$210 億</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</p>
</div><p>$82.73 - $85.42</p>
<div class="lb-trans"><p>$82.73 - $85.42</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周區間</p>
</div><p>$82.06 - $144.24</p>
<div class="lb-trans"><p>$82.06 - $144.24</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>3.4M</p>
<div class="lb-trans"><p>340 萬</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>3M</p>
<div class="lb-trans"><p>300 萬</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>16.72%</p>
<div class="lb-trans"><p>16.72%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>2.39%</p>
<div class="lb-trans"><p>2.39%</p>
</div><p>Buffett could have influenced Berkshire's buys of both classes of Alphabet's shares. He has long regretted not initiating a position in the stock years ago. Although the legendary investor might not view Alphabet's cloud business as in his wheelhouse, he recognizes a strong moat when he sees one.</p>
<div class="lb-trans"><p>巴菲特可能影響了伯克希爾對 Alphabet 兩類股票的購買。他一直後悔多年前沒有建立對該股票的持倉。儘管這位傳奇投資者可能不認為 Alphabet 的雲業務在他的能力範圍內，但他在看到強大護城河時會有所認同。</p>
</div><p>What about the significant increase in Berkshire's stake in The New York Times Company? Perhaps the best explanation of this purchase is that the media company's digital initiatives continue to pay off. For example, The New York Times Company reported in February that its digital advertising revenue soared 24.9% year over year in the fourth quarter of 2025.</p>
<div class="lb-trans"><p>那麼，伯克希爾在紐約時報公司持股顯著增加的原因是什麼呢？或許對這筆購買的最佳解釋是，該媒體公司的數字化舉措持續取得成效。例如，紐約時報公司在 2 月份報告稱，其數字廣告收入在 2025 年第四季度同比飆升 24.9%。</p>
</div><h2>The best of the bunch</h2>
<div class="lb-trans"><h2>最佳選擇</h2>
</div><p>Berkshire Hathaway's stock buys in Q1 make sense. However, if I had to pick the best of the bunch, it would be Alphabet. You can flip a coin on whether the company's Class A or Class C shares get top billing.</p>
<div class="lb-trans"><p>伯克希爾哈撒韋在第一季度的股票購買是合理的。然而，如果我必須選擇其中最佳的，那就是 Alphabet。你可以拋硬幣決定是 A 類股票還是 C 類股票更值得關注。</p>
</div><p>Alphabet is well-positioned to profit from nearly every major technology trend shaping the future. It's a leader in artificial intelligence (AI). Google Cloud is the fastest-growing of the top three cloud service providers. Google Gemini is one of the most powerful AI models. The company's Tensor Processing Units (TPUs) are in such strong demand that Alphabet is now selling them to external customers.</p>
<div class="lb-trans"><p>Alphabet 在幾乎所有塑造未來的主要技術趨勢中都處於有利位置。它是人工智能（AI）的領導者。谷歌雲是三大雲服務提供商中增長最快的。谷歌 Gemini 是最強大的 AI 模型之一。該公司的張量處理單元（TPUs）需求如此強勁，以至於 Alphabet 現在將其出售給外部客户。</p>
</div><p>Waymo is at the head of the pack in the autonomous ride-hailing market. Google Quantum AI is in the thick of the race to develop powerful quantum computers. Alphabet's Verily is using technology to improve healthcare. Its Calico unit is at the forefront of expanding human longevity.</p>
<div class="lb-trans"><p>Waymo 在自動駕駛叫車市場處於領先地位。谷歌量子 AI 正在激烈競爭開發強大的量子計算機。Alphabet 的 Verily 正在利用技術改善醫療保健。其 Calico 部門在延長人類壽命方面處於前沿。</p>
</div><p>To be sure, Alphabet isn't nearly as cheap as most of the other stocks Berkshire bought in Q1. But from a future-oriented standpoint, I think it's clearly the best of the bunch.</p>
<div class="lb-trans"><p>可以肯定的是，Alphabet 的股價並不像伯克希爾在第一季度購買的其他股票那樣便宜。但從未來的角度來看，我認為它顯然是其中最好的選擇。</p>
</div>

Berkshire Hathaway Bought 7 Stocks in Its First Quarter Without Warren Buffett as CEO: Here's the Best of the Bunch.

- 伯克希爾哈撒韋在 2026 年第一季度購買了七隻股票。  
- 其中，Delta Air Lines 和 Alphabet 的股份增持最為顯著。  
- 公司 CEO 艾貝爾的首次操作獲得市場關注與評價。

伯克希爾哈撒韋在沃倫·巴菲特不再擔任 CEO 的情況下，在第一季度購買了 7 只股票：以下是其中最優秀的一隻