Warren Buffett's Successor, Greg Abel, Has 30% of Berkshire Hathaway's $343 Billion Investment Portfolio Tied Up in 2 Foundational AI Stocks
Yahoo Finance ·
It's a year of new beginnings for the trillion-dollar conglomerate that Warren Buffett helped build, Berkshire Hathaway ( BRKA 0.13% ) ( BRKB 0.43% ) . Following the Oracle of Omaha's retirement as CEO on Dec. 31, Berkshire has its first new leader in more than half a century. Buffett's protégé, Greg Abel, is now at the helm -- and he's wasted no time making his presence felt. Since taking over, Abel has completely exited 16 positions and amassed a mammoth stake in Google parent Alphabet ( GOOGL +0.25% ) ( GOOG 0.35% ) . When combined with Berkshire's largest position, Apple ( AAPL 0.48% ) , Abel has 30% of Berkshire's $343 billion investment portfolio tied up in two foundational artificial intelligence (AI) stocks . Warren Buffett retired as Berkshire Hathaway's CEO on Dec. 31. Image source: The Motley Fool. There's no stock that Greg Abel has purchased more aggressively since taking over as CEO a little over six months ago than Alphabet. During the first quarter, he more than doubled Berkshire's stake in Alphabet's Class A shares (GOOGL) and opened a position in its Class C shares (GOOG). More recently, Berkshire committed to buy a $10 billion private placement from Alphabet ($5 billion of each share class).
DYAX Investor Sentiment
Bullish (Long) 55% · Bearish (Short) 45%
396 participants
Related News
- Navitas stock slips as Wolfspeed sues over patent infringement
- Yatsen launches Perfect Diary across Sephora China stores
- Defining the Future of AI Security: Akamai Selected as Strategic Security Partner for WWT’s ARMOR Framework
- EonX Technologies appoints Carlos Dubra as Group CFO; announces board changes
- AM Markets Need to Know: Oil jumps as Mideast tensions flare, SpaceX expands Grok
- J-Star launches 1-for-5 reverse split to meet Nasdaq bid price rule