Berkshire Hathaway Transitions Leadership
On December 31, 2025, Warren Buffett officially retired as CEO of Berkshire Hathaway, handing over control to Greg Abel. Abel now oversees a $318 billion investment portfolio, which is heavily concentrated, with nearly 80% tied up in just ten stocks. These include major holdings like Apple, valued at $59.4 billion, and American Express at $47.5 billion.
Berkshire Hathaway’s top ten investments collectively represent 79% of its total invested assets, emphasizing a strategy focused on robust capital-return programs. All top holdings pay dividends, and companies like Coca-Cola yield a 63% return relative to Berkshire’s cost basis. Apple leads the pack with a massive buyback program, having repurchased over 44% of its outstanding shares since 2013.
As Berkshire adapts to this leadership change, value remains paramount. Abel has already approved significant sell-offs of shares in Apple and Bank of America in favor of maintaining strong investment value, further illustrating a commitment to prudent capital allocation.
