Warren Buffett's Successor, Greg Abel, Has Over 45% of Berkshire Hathaway's $356 Billion Portfolio Invested in 3 Undeniable Winners
Abel is a fan of portfolio concentration, with nearly $161 billion of Berkshire’s invested assets in its top-three holdings.
Warren Buffett's successor, Greg Abel, has kept a similar investment strategy as his predecessor by concentrating over 45% of Berkshire Hathaway's $356 billion portfolio in just three companies: Apple, American Express, and Alphabet. Apple, once Buffett's favorite, now comprises 75% of this stake. Despite selling 75% of Berkshire's Apple shares, Abel continues to view the company as a long-term winner due to its exceptional pricing power and dominant brand.
American Express, another continuous holding since 1991, generates a nearly 45% annual yield on cost for Abel, making it an attractive long-term position. However, Abel has made significant investments in Alphabet, the parent company of Google, tripling Berkshire's stake in the first quarter and adding $17 billion during the June-ended quarter.
This shift in focus highlights Abel's appreciation for Alphabet's leading position in internet search and its strong AI ambitions, particularly through Google Cloud's recent success.
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- Berkshire Hathaway Outperformed the S&P 500 Over a 60-Year Period Under Warren Buffett. Here's the Stock That Could Help Continue the Streak Under Greg Abel. fool.com
- Warren Buffett's Successor, Greg Abel, Has Over 45% of Berkshire Hathaway's $356 Billion Portfolio Invested in 3 Undeniable Winners nasdaq.com
