Warren Buffett's Successor, Greg Abel, Has 69% of Berkshire Hathaway's Portfolio Invested in Just 5 Stocks. Here's My Top Pick for October.
Abel has been piling into Alphabet, not unlike his predecessor 10 years ago with another "Magnificent Seven" stock.
Berkshire Hathaway CEO Greg Abel has redirected the company's $299 billion portfolio to concentrate on just five stocks, representing 69% of the holdings as of the second quarter of 2026. The largest position is Apple, comprising 22% of the portfolio, followed by American Express (17.1%), Coca-Cola (10.9%), Alphabet (9.4%), and Bank of America (9.2%).
Abel has been actively increasing investments in Alphabet, which is now Berkshire's fourth-largest holding, up from the 10th-largest position at the end of 2025. The tech giant's low valuation, currently trading at 16 times earnings, is seen as an attractive opportunity by Abel, who is expected to continue adding to the position as it mirrors his previous strategy with Apple.
Despite Alphabet's high capital expenditures for cloud services to meet surging demand, the company's forward P/E ratio of 22 and robust backlog of $514 billion in cloud business indicate potential for further growth.
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