Key Points
Greg Abel wasted little time shaking up Berkshire’s $358 billion investment portfolio in the wake of Warren Buffett’s Dec. 31 retirement.
Berkshire’s Amazon stake was sent to the chopping block in the first quarter, and profit-taking may not tell the full story.
Meanwhile, Abel has had a voracious appetite for shares of a company with a sustainable moat and significant artificial intelligence (AI) ambitions.
This isn’t your grandparents’ Berkshire Hathaway(NYSE:BRKA)(NYSE:BRKB) any longer. Following Warren Buffett’s Dec. 31 retirement as CEO after more than half a century at the helm, his successor, Greg Abel, was quick to shake up Berkshire’s $358 billion investment portfolio.
Buffett’s protégé reduced six holdings in the first quarter and sent 16 others to the chopping block, including dual-industry leader Amazon(NASDAQ:AMZN). But amid this selling spree, Abel also found the new apple of his eye: Google parent Alphabet(NASDAQ:GOOGL)(NASDAQ:GOOG).
Missed Nvidia in…
