Berkshire Hathaway’s Q1 Changes Under New CEO Greg Abel
During his first quarter as CEO, Greg Abel took significant actions at Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB). Abel expanded the company’s stake in Alphabet, now its fifth-largest holding, while reducing its investments in Chevron, Visa, and Mastercard. In total, Berkshire Hathaway sold off 16 positions that contributed less than 1% to its portfolio value, locking in losses on companies like UnitedHealth and Domino’s Pizza.
Berkshire’s cash reserves reached a record $397 billion at the end of March, suggesting a cautious investment strategy. While Abel is exploring opportunities in undervalued stocks and special situations, like Delta Air Lines and Macy’s, he appears to be moving away from Warren Buffett’s traditional approach towards focusing on larger, more meaningful investments instead of smaller positions. This shift may indicate a broader strategy, prioritizing outright ownership of businesses over volatile stock investments.
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