Berkshire Hathaway’s Q1 Portfolio Moves Under New CEO Greg Abel
Berkshire Hathaway, under the leadership of new CEO Greg Abel, conducted its most active trading quarter in recent memory in Q1 2023. The company exited several stock positions while increasing its investments in others, confirming a thorough review of its holdings and aligning with high-conviction buys for long-term growth.
Key portfolio insights include Berkshire maintaining its stake in Apple (NASDAQ: AAPL), which remains its top holding, alongside investments in Moody’s (NYSE: MCO), Alphabet (NASDAQ: GOOGL), American Express (NYSE: AXP), and Coca-Cola (NYSE: KO). Notably, Apple continues to generate strong cash flow and profits with over 2.5 billion active iOS devices, while Alphabet’s position rose to 6.8% of the portfolio, reflecting its diverse AI-centered businesses.
Analysts project annual earnings growth of 11% for Moody’s and 16% for Alphabet, positioning these companies favorably amidst concerns of AI disruption. American Express is expected to grow by nearly 14% annually, supported by its robust card ecosystem. Coca-Cola, with a dividend history spanning over 50 years, is estimated to grow earnings by 7% to 8% annually.
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