Berkshire Hathaway’s New Strategy Under CEO Greg Abel
New Berkshire Hathaway CEO Greg Abel has outlined a strategic vision in his first letter to shareholders, identifying Apple, American Express, Coca-Cola, and Moody’s as “core holdings” in the company’s $318 billion equities portfolio. Notably, he excluded Bank of America and Chevron, two of the current top-five holdings, raising questions about their future within the portfolio.
As of now, Bank of America makes up 8.1% and Chevron 6.5% of Berkshire’s portfolio. Despite previously significant investments, Abel’s omission suggests a potentially shifting stance on banking stocks and energy assets, particularly as Berkshire has halved its stake in Bank of America and sold portions of Chevron amid ongoing market uncertainties.
