Warren Buffett retired as CEO of Berkshire Hathaway on December 31, 2022, marking the end of an era. His successor, Greg Abel, quickly made significant changes to the company’s investment strategy, exiting 16 positions and increasing Berkshire’s stake in Alphabet to over 9% of its investment portfolio. As of now, Berkshire’s portfolio, valued at $343 billion, also includes a substantial 20.5% allocated to Apple, reinforcing a strong focus on key players within the artificial intelligence sector.
Abel’s aggressive purchasing of Alphabet, which includes a recent commitment of $10 billion in private placements for both Class A and C shares, reflects a strategic pivot towards technology investments. Alphabet, commanding about 91% of global internet search traffic, is poised for growth driven by its cloud services and AI capabilities, which saw sales growth reaccelerate to 63% year-over-year in Q1 2026. Meanwhile, Apple’s longstanding integration of subscription services and AI is expected to enhance customer loyalty and profit margins moving forward.
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