Warren Buffett's Successor, Greg Abel, Has Over $42 Billion of Berkshire Hathaway's Capital Invested in 3 Virtual Monopolies
Key PointsWarren Buffett retired as Berkshire’s CEO on Dec. 31, handing the keys to the company’s $358 billion investment portfolio to Greg Abel.
It has been a year of significant transformation for Berkshire Hathaway shareholders. On December 31, Warren Buffett, who led the company to a remarkable 6,000,000% outperformance compared to the S&P 500 benchmark during his tenure, retired as CEO, transferring control of Berkshire's $358 billion portfolio to his protégé, Greg Abel.
Earlier this month, Buffett also relinquished his role as chairman of Berkshire's board of directors. However, amidst these changes, the pursuit of value and businesses with sustainable competitive advantages remains unchanged for this trillion-dollar conglomerate.
As of the final trading bell on September 25, Abel was managing a substantial $42 billion investment in a trio of virtual or de facto monopolies: Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG), Sirius XM Holdings (NASDAQ:SIRI), and VeriSign (NASDAQ:VRSN). These virtual and legal monopolies constitute a significant portion of Berkshire's $358 billion investment portfolio.
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.
