Key Takeaways
- • Berkshire Hathaway has acquired as much as $930 million of stock in Bending Spoons, an Italian quasi-private equity firm, according to Morningstar reports dated Oct. 14, bringing its cost basis to $930 million and a roughly 4% stake.
- • Berkshire bought another $330 million of Bending Spoons common stock in a private placement, following a $600 million investment made during the firm's July 2026 initial public offering.
- • The position was showing a nearly 80% gain as of Oct. 15, after Bending Spoons shares rose following the disclosure of the additional stake.
- • Morningstar maintains its $510 per Class B share fair value estimate for Berkshire Hathaway (narrow moat, low uncertainty) and views the shares as fairly valued to slightly overvalued.
- • The investment reflects CEO Greg Abel's broader shift since taking over in January, alongside a $25-30 billion Alphabet investment and the $8.5 billion acquisition of Taylor Morrison.
Summary
Reports emerged on October 14, 2026, that Berkshire Hathaway (BRK.B) has acquired as much as $930 million of stock in Bending Spoons since the start of the third quarter, according to Morningstar. Bending Spoons is an Italy-based quasi-private equity firm that acquires and restructures technology products, software applications, and brands.
Bending Spoons reported that Berkshire recently bought another $330 million of its common stock in a private placement. That purchase, combined with the $600 million Berkshire invested during Bending Spoons' initial public offering in July 2026, brings Berkshire's cost basis to $930 million and gives the insurer a 4% stake in the firm. As of October 15, Berkshire was sitting on a gain of nearly 80% on the position after Bending Spoons shares rose in the days following the announcement. Other outlets reported sharper moves, with one describing shares surging as much as 55% and another noting the stock jumped to $51.10 after the company agreed to issue 10 million ordinary shares to Berkshire at $33 per share.
Morningstar frames the investment within a broader shift under CEO Greg Abel, who took over in January 2026. Since then, Berkshire has added an estimated $25-30 billion to its Alphabet position, committed roughly $1 billion to Bending Spoons, acquired homebuilder Taylor Morrison for $8.5 billion, and added more than $1.8 billion to its Lennar stake. Morningstar notes these investments are disparate, and that the Bending Spoons bet departs from Berkshire's historical preference for value investments.
Morningstar's analysis concludes that the move signals Berkshire is moving beyond its comfort zone to deploy capital, which it views as positive for long-term investors. The firm noted Berkshire's stock portfolio was worth close to $345 billion at the end of the second quarter. Morningstar maintains its $510 per Class B share fair value estimate for Berkshire, viewing the shares as fairly valued to slightly overvalued.
Bending Spoons reported that Berkshire recently bought another $330 million of its common stock in a private placement. That purchase, combined with the $600 million Berkshire invested during Bending Spoons' initial public offering in July 2026, brings Berkshire's cost basis to $930 million and gives the insurer a 4% stake in the firm. As of October 15, Berkshire was sitting on a gain of nearly 80% on the position after Bending Spoons shares rose in the days following the announcement. Other outlets reported sharper moves, with one describing shares surging as much as 55% and another noting the stock jumped to $51.10 after the company agreed to issue 10 million ordinary shares to Berkshire at $33 per share.
Morningstar frames the investment within a broader shift under CEO Greg Abel, who took over in January 2026. Since then, Berkshire has added an estimated $25-30 billion to its Alphabet position, committed roughly $1 billion to Bending Spoons, acquired homebuilder Taylor Morrison for $8.5 billion, and added more than $1.8 billion to its Lennar stake. Morningstar notes these investments are disparate, and that the Bending Spoons bet departs from Berkshire's historical preference for value investments.
Morningstar's analysis concludes that the move signals Berkshire is moving beyond its comfort zone to deploy capital, which it views as positive for long-term investors. The firm noted Berkshire's stock portfolio was worth close to $345 billion at the end of the second quarter. Morningstar maintains its $510 per Class B share fair value estimate for Berkshire, viewing the shares as fairly valued to slightly overvalued.
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