Greg Abel Has 75% of Berkshire Hathaway's Portfolio Invested in Just 8 Stocks. Is the 1 That's Lagging Behind the S&P 500 the Best Buy Now?
American Express is an impeccable value for long-term investors.
Since Warren Buffett appointed Greg Abel as CEO of Berkshire Hathaway just over a year ago, the CEO has already made significant changes to the company's portfolio. Abel's strategy involves trimming or eliminating smaller positions and concentrating on a handful of exceptional businesses. Some of these investments include Alphabet, Apple, American Express, Coca-Cola, and Moody's.
Abel's approach aligns with Buffett's philosophy of finding outstanding companies and holding sizable, concentrated stakes in them. Currently, Apple, American Express, Coca-Cola, Bank of America, Alphabet, Chevron, Occidental Petroleum, and Mitsubishi represent 75% of Berkshire Hathaway's $365.2 billion public equity portfolio. The only exception to this group is American Express.
However, all of these core holdings have outperformed the S&P 500 over the past year, indicating that Abel's concentrated investment strategy might be paying off.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Greg Abel Has Run Berkshire Hathaway for Most of a Year. Here's What He Has Actually Changed. finance.yahoo.com
- Greg Abel Has Run Berkshire Hathaway for Most of a Year. Here's What He Has Actually Changed. fool.com
- Greg Abel Has 75% of Berkshire Hathaway's Portfolio Invested in Just 8 Stocks. Is the 1 That's Lagging Behind the S&P 500 the Best Buy Now? nasdaq.com
