Greg Abel Is Reshaping Berkshire's Portfolio
Berkshire Hathaway CEO Greg Abel has begun reshaping the company’s equities portfolio since taking over from Warren Buffett in March 2023. In his first shareholder letter, he identified Apple, American Express, Coca-Cola, and Moody's as core long-term holdings with limited expected activity unless fundamentals change. He also emphasized a similar stance toward Japan's five largest trading houses. Abel has not listed Bank of America or U.S. oil companies like Chevron and Occidental Petroleum among his core investments, despite their significant portfolio weights. Berkshire trimmed its stake in Bank of America during Q2 2023, while it owns nearly a quarter of Occidental's shares but hasn't committed to long-term ownership yet. Berkshire has also made new strategic moves under Abel’s leadership, including increasing stakes in Alphabet (now accounting for over 10% of the portfolio) and Delta Air Lines. The company is also expanding its exposure to the housing sector by investing more heavily in Lennar Corporation.
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Topics: Berkshire Hathaway Greg Abel Investment Strategy Stock Portfolio Changes
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Part of the story Greg Abel Purchases Nearly $4.8 Billion Worth of Berkshire Hathaway Stock (3 articles)