3 Billionaires Dumped Alphabet in Q1. 2 Billionaires Bought More. The Winners Are Clear

When 13F filings for Q1 2026 deed successful May, the smart-money positioning connected Alphabet (NASDAQ:GOOGL) divided cleanable down the middle. On the merchantability side, Stanley Druckenmiller exited his full 385,000-share presumption (roughly $153 million), Brad Gerstner's Altimeter sold each 519,290 shares (roughly $162.5 million), and Bill Ackman trimmed his Class C holding from astir 6.1 cardinal shares to 312,000 and his Class A from 678,000 to 32,000. On the bargain side, Greg Abel's Berkshire Hathaway (NYSE:BRK-B) astir tripled its involvement to 57.8 cardinal shares, worthy astir $16.6 cardinal and Berkshire's fifth-largest equity holding, portion Chase Coleman's Tiger Global initiated a caller position.

Since the 4th closed connected March 31, Alphabet has been the amended trade. The banal is up 24% from $287.39 to $356.38 done June 10, adjacent aft pulling backmost 8% implicit the past month. Berkshire shares, by contrast, are up lone 1% implicit the aforesaid window. The buyers are ahead, astatine slightest connected paper, and the bears are watching from outside.

What Abel and Coleman Apparently Saw

The Q1 2026 net report, released April 29 with the banal astatine $347.84, made the bull lawsuit loud. EPS of $5.11 crushed the $2.63 consensus, a 94% beat, connected gross of $109.9 billion, up 22% twelvemonth implicit year. Operating borderline expanded to 36%. Google Cloud, the conception astir straight tied to the AI thesis, grew 63% to $20.03 billion, with backlog astir doubling 4th implicit 4th to much than $460 billion.

That backlog fig is the tell. It signals years of contracted unreality revenue, which justifies the $175 cardinal to $185 cardinal of 2026 CapEx that the sellers recovered indigestible. Druckenmiller and Gerstner look to person walked implicit concerns that the spending would crush escaped currency flow. Free currency travel did autumn to $10.12 billion, down 47% twelvemonth implicit year. The buyers look to presumption that arsenic the terms of gathering infrastructure to monetize a near-doubled unreality pipeline.

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