Does Greg Abel Know Something Wall Street Doesn't? New Berkshire Hathaway CEO Doubles Down On a Legacy Department Store Stock With a 3.3% Dividend Yield

Greg Abel, the new CEO of Berkshire Hathaway, has made some notable purchases in the company's massive equity portfolio during his first six months on the job. According to Nasdaq Markets, Abel has been actively making changes to the portfolio.

Berkshire Hathaway has invested in several stocks, including a legacy department store, despite department stores not being considered "hot stocks" in today's market. The company has also spent tens of billions of dollars buying stock in AI giant Alphabet, as reported by Motley Fool.

The company's quarterly 13-F filing shows its holdings, with five companies making up 72% of its portfolio, according to Yahoo Finance. Berkshire Hathaway's portfolio has remained largely unchanged for over 60 years, with some stocks being held for decades. The company's recent investments, including Alphabet, have been closely watched by investors.

Brief written by urgent.news from Nasdaq Markets, Motley Fool, Yahoo Finance — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.