Greg Abel Invests $4.2 Billion in Warren Buffett’s Favorite Stock
Warren Buffett, who led Berkshire Hathaway for over six decades and transformed it into a multibillion-dollar conglomerate, recently retired as CEO at the start of 2026. His successor, Greg Abel, has continued his investment strategy by purchasing $4.2 billion worth of what is widely considered Buffett’s favorite stock during the second quarter. Buffett was known for investing in companies with strong fundamentals and consistent returns to shareholders through dividends or buybacks. Coca-Cola serves as a prime example; Berkshire's stake in it, acquired between 1988 and 1994, has grown significantly over time and continues to provide substantial dividend income. In recent years, Buffett also heavily invested in Apple but sold off most of the position by late 2025. Meanwhile, he authorized $77.8 billion worth of Berkshire stock buybacks between 2018 and 2024 as a way to return value to shareholders while maintaining flexibility for tax planning.
Tickers: $KO
Topics: Berkshire Hathaway Coca-Cola Greg Abel investment strategy Warren Buffett