Overview
- In his first quarter as CEO Greg Abel sold 15 positions that Warren Buffett originally built, including stakes in Visa, Mastercard and Amazon.
- Abel used the proceeds to open concentrated new positions, with Alphabet reported as his largest public-equity purchase and Delta among the biggest new stakes.
- Berkshire also deployed cash into major transactions, including the reported anchor investment in Alphabet for AI infrastructure and the close of an $8.5 billion Taylor Morrison deal.
- The trading pattern shows less emphasis on high-dividend names and a greater willingness to cut long-held winners when higher returns are not expected.
- Analysts say the moves change Berkshire's risk profile and warrant close watching of upcoming quarterly filings to see if this reorientation persists while Buffett remains chairman.