I Still Like the Stock, but This Definitely Isn't Warren Buffett's Berkshire Hathaway Anymore

Yahoo Finance · 2026-05-27

Greg Abel's first quarter as Berkshire Hathaway 's ( BRKA 0.57% ) ( BRKB 0.57% ) CEO is officially in the books. And things certainly seem at least a little bit different than how they were when Warren Buffett was at the helm. With the exception of its expanded stake in Alphabet , which is now the conglomerate's fifth-largest holding, and a cut to its investment in Chevron , there wasn't much change in the company's top 10 equity positions -- which make up roughly 80% of the portfolio's value at recent prices. There are still some big takeaways to glean from the seemingly small changes Abel made in Q1, however, that could make a meaningful impact on this ticker's long-term performance. Here are the three most important ones I see. While Berkshire Hathaway's biggest holdings didn't change much last quarter, many of the smaller ones did. In addition to Charter Communications and Aon , Abel also shed longtime holdings Visa and Mastercard , along with a relatively recently acquired position in Amazon .

AI 시장 분석

Greg Abel's first quarter as Berkshire Hathaway CEO shows a shift in investment strategy compared to the Warren Buffett era. The company increased its stake in Alphabet while reducing its investment in Chevron, and also divested from several smaller holdings including Visa, Mastercard, and Amazon. These moves suggest a strategic rebalancing of the portfolio.

상승 영향

AI/Cloud Computing — The increased stake in Alphabet reflects Berkshire's strong confidence in the long-term growth potential of the AI, cloud computing, and digital advertising markets.
Technology Stocks — Berkshire's move to invest in a leading technology company, departing from traditional principles, signals a positive outlook for the broader tech sector.

하락 영향

Crude Oil/Gas — The reduction in Chevron's stake suggests Berkshire's decreased confidence in the short-to-medium term outlook for the traditional energy sector, indicating potential capital reallocation.
Payment Services/Fintech — Selling Visa and Mastercard may reflect concerns about increasing competition or potential slowdown in growth within the payment services market.
E-commerce/Cloud Computing — The divestment from Amazon could imply concerns over its high valuation or a strategic reallocation of capital to other investment opportunities.
Telecommunications/Cable — Selling Charter Communications indicates a skeptical view on the growth potential or profitability of this specific sub-sector by Berkshire.
Professional Services/Insurance Brokerag — The sale of Aon suggests a re-evaluation of the industry's attractiveness or a strategic portfolio adjustment, reducing exposure to certain areas.

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