Berkshire Hathaway Transition Under Greg Abel
Warren Buffett retired as CEO of Berkshire Hathaway on December 31, 2022, transferring control to Greg Abel. Under Abel’s leadership, Berkshire has undergone a significant restructuring, indicated by the complete exit from 16 investment positions, which accounts for one-third of the company’s portfolio, including high-profile stakes in Amazon, Domino’s Pizza, Visa, Mastercard, and UnitedHealth Group.
Key changes include a substantial increase in Berkshire’s stake in Alphabet, Google’s parent company, which now totals approximately $23 billion following the purchase of over 36 million Class A shares and nearly 3.6 million Class C shares. This move highlights a strategic pivot towards technology investments, with Alphabet dominating around 90% of global search traffic and showing robust growth in its cloud services.
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