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Greg Abel Takes the Helm at Berkshire Hathaway as Buffett Hands Over a Concentrated, Cash-Rich Portfolio

The new CEO inherits a patient, value-first setup marked by outsized holdings alongside record cash awaiting deployment.

Overview

  • Greg Abel formally became CEO on Jan. 1, 2026, while Warren Buffett remains Berkshire Hathaway’s chairman.
  • Public filings show a roughly $317 billion equity portfolio in which eight stocks account for about 74% of the value, with the top five—Apple, American Express, Bank of America, Coca‑Cola, and Chevron—comprising about 63%.
  • Berkshire has substantially reduced its Apple stake over the last two years, selling roughly 677 million shares for a decline of about 73% to 74% through late 2025.
  • The conglomerate reported a record $382 billion in cash and equivalents at the end of the third quarter of 2025, much of it parked in short‑term U.S. Treasuries.
  • Regulatory disclosures indicate Berkshire has been a net seller since late 2022, unloading about $184 billion in stocks and exiting VOO and SPY in the fourth quarter of 2024.