Key Points
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Warren Buffett’s successor at Berkshire Hathaway, Greg Abel, sold the company’s Amazon stock in Q1 of 2026.
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David Tepper, billionaire hedge fund manager, nearly doubled his stake in Amazon during the same period.
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Amazon shares increased more than 20% since the end of Q1 2026.
In Q1 2026, Greg Abel, CEO of Berkshire Hathaway, exited the company’s Amazon position, following the departure of Todd Combs, who previously managed those holdings. In contrast, David Tepper’s Appaloosa Management took advantage of a decline in Amazon’s stock value, significantly increasing its stake, making Amazon the firm’s top holding.
As of now, Tepper’s strategy appears to be paying off, with Amazon’s stock climbing over 20% since the end of the first quarter. This uptick follows Amazon’s investments in artificial intelligence and expansion into satellite internet services, which some analysts believe could lead to substantial growth in the future.
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