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Benzinga
Benzinga
Business
Surbhi Jain

Ackman, Asness Bank $1.1 Billion On Google Stock—Buffett's Just Walking In

Google Warren Buffett Alphabet Nasdaq BRK Bill Ackman Berkshire Berkshire Hathaway Inc PLs
Google

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) spent most of the past two years in the market's penalty box. Today, it's the comeback kid propelling hedge fund P&Ls into the stratosphere. When news broke Friday night that Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) had taken a $4.3 billion position in Alphabet, the stock jumped 3% on Monday — but the real winners were the managers who were already sitting on Google long before Buffett walked in.

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