Warren Buffett's Successor, Greg Abel, Started His Tenure With a Bang by Dumping Domino's and Making a Virtual Monopoly Berkshire's New No. 5 Holding
Yahoo Finance ·
For the first time in more than half a century, the trillion-dollar company that Warren Buffett helped build is in uncharted territory. Following the Oracle of Omaha's retirement as Berkshire Hathaway 's ( BRKA +0.72% ) ( BRKB +0.73% ) CEO on Dec. 31, it's his longtime understudy, Greg Abel, who's now calling the shots. Abel wasted little time reshaping Berkshire's $332 billion investment portfolio . Since taking over as CEO, he's dumped 16 positions, including the renowned pizza chain, Domino's Pizza ( DPZ +0.68% ) . At the other end of the spectrum, he's built up a mammoth stake in Google parent Alphabet ( GOOGL +1.09% ) ( GOOG +0.58% ) , which is now a top-five holding. Warren Buffett retired as Berkshire Hathaway's CEO on Dec. 31, 2025. Image source: The Motley Fool. While an argument can be made that selling out of Amazon was the biggest eyebrow-raiser of Abel's first quarter as Berkshire's CEO , his exit from Domino's Pizza is even more surprising. Before Buffett's retirement, he acquired shares of Domino's for six consecutive quarters , building up a 3.35-million-share position. Whereas Berkshire's Amazon stake was substantially reduced in the fourth quarter, signaling its upcoming exit, there was no indication that Domino's would be given the heave-ho.
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