Berkshire Hathaway’s Portfolio Overhaul Under New CEO Greg Abel
In the first quarter of 2026, Greg Abel, the newly appointed CEO of Berkshire Hathaway, made significant changes to the company’s $355 billion investment portfolio, which included the elimination of 16 stocks and a 35% reduction of its Chevron stake. This represented the largest single-quarter cut to Berkshire’s Chevron holding since its acquisition began in 2020.
Abel’s investment strategy has pivoted towards technology, acquiring more than 36 million shares of Alphabet Inc. (GOOGL) and initiating a position in its Class C shares (GOOG). Following the company’s recent $84.75 billion equity offering, Berkshire is now one of the primary investors, showcasing Abel’s focus on Alphabet’s growing AI-driven sales and its dominant position in internet search.
Chevron’s share price surged from $152 to $207 between early 2026 and the end of Q1, leading to gains that Abel capitalized on. Meanwhile, with Alphabet’s powerful advertisement pricing and cloud computing growth bolstered by AI technologies, it has quickly become one of Berkshire’s top holdings, now valued at approximately $30.8 billion.
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