Greg Abel Sells Amazon Stake as Berkshire's New CEO, Boosts Alphabet Holdings
Following Warren Buffett’s retirement on Dec. 31, his successor Greg Abel has begun reshaping Berkshire Hathaway’s $358 billion investment portfolio. In the first quarter of 2026, Abel reduced six holdings and sold off 16 others, including Amazon (AMZN), a move that surprised many given its strong performance in e-commerce and cloud services. Among the stocks added to his focus is Alphabet Inc. (GOOGL/GOOG). Berkshire’s stake in Alphabet has grown from $5.59 billion at year-end 2025 to over $36 billion by mid-2026, reflecting Abel's interest in companies with durable competitive advantages and strong AI integration. Alphabet reported a significant increase in cloud revenue (+82% YoY) driven largely by its AI initiatives. This growth has attracted Berkshire’s attention as it aligns with the company's long-term investment strategy focused on sustainable moats and high-growth sectors.
Topics: Alphabet (GOOGL) Amazon (AMZN) Berkshire Hathaway Greg Abel Warren Buffett retirement