Greg Abel Reduces Chevron Stake as Berkshire Hathaway Shifts Focus to Alphabet
Berkshire Hathaway, under the leadership of new CEO Greg Abel following Warren Buffett's retirement on Dec. 31, has made significant changes to its investment portfolio in Q1. One notable move was a 35% reduction in Chevron shares — the largest single-quarter cut since Berkshire first invested in 2020. This decision may reflect profit-taking after Chevron’s stock surged from $152 at the start of 2026 to over $207 by March, as well as concerns about its valuation becoming less attractive. In contrast, Abel significantly increased Berkshire's stake in Alphabet (Google), purchasing millions of shares and participating in a private placement worth $10 billion. By July, Alphabet had become Berkshire’s fifth-largest holding with an investment value near $30.8 billion. The move highlights confidence in Alphabet’s dominant market position through Google Search and YouTube, as well as its growing artificial intelligence capabilities.
