Berkshire CEO Abel bought $15.3 million of shares

Berkshire CEO Abel bought $15.3 million of shares

Greg Abel, the newly appointed CEO of Berkshire Hathaway, has inherited a highly concentrated investment portfolio from Warren Buffett, with nearly 61% of the $318 billion portfolio allocated to five key holdings as of Feb. 24, 2026. These include Apple (19.5%), American Express (15.3%), Coca-Cola (10.1%), Bank of America (8.2%), and Chevron (7.6%) as of Feb. 24, 2026. In his first shareholder letter, Abel emphasized a continued focus on long-term, "forever stocks" such as American Express, Coca-Cola, and Apple, which have been core holdings for decades according to Inc. reporting.

Buffett's strategy of prioritizing companies with strong brands and durable economic moats appears to align with Abel's approach. For instance, Berkshire's stake in Coca-Cola, acquired at a cost basis of approximately $3.25 per share, now generates a 63% yield on cost, while American Express delivers a 39% yield as reported. Abel has also signaled a cautious stance toward overvalued positions, noting that Apple's price-to-earnings ratio of 34 and Bank of America's premium to book value may prompt portfolio adjustments according to analysis.

Energy sector exposure, particularly through Chevron, could expand under Abel, given his prior leadership of Berkshire Hathaway Energy and familiarity with integrated energy operations as noted. While Abel's investment philosophy may evolve, the principles of value investing and long-term capital preservation—hallmarks of Buffett's tenure—remain central to Berkshire's strategy. Investors will closely watch how Abel balances continuity with innovation as he navigates the transition from the Buffett era.