This has been a transformative year for the trillion-dollar conglomerate that Warren Buffett helped build. The Oracle of Omaha retired as Berkshire Hathaway‘s (BRKA -0.23%)(BRKB +0.10%) CEO at the end of last year, paving the way for his understudy, Greg Abel, to oversee its day-to-day operations and closely monitored $364 billion investment portfolio.
Abel didn’t waste any time leaving his mark. During the first quarter, he completely overhauled Berkshire’s portfolio, dumping 16 stocks and building up a sizable position in Alphabet (GOOGL -1.40%)(GOOG -1.45%). But perhaps the biggest shift under Berkshire’s new boss was sending Amazon (AMZN -1.41%) packing and subsequently piling into one of Wall Street’s hottest tech-driven initial public offerings (IPOs), Bending Spoons (BSP -2.69%).
Greg Abel has put tech stocks on the menu at Berkshire Hathaway. Image source: Getty Images.
Abel sent Amazon packing
As recently as September 2025, Amazon was a roughly $2.2 billion position in…
