Berkshire’s New CEO Is Already Rewriting the Playbook

Warren Buffett famously said airlines embody “the worst sort of business,” then sold every stake during COVID. His successor just bought back billions worth. Greg Abel’s debut filing as Berkshire HathawayBRK-B

CEO landed Friday, handing investors their first real look at a revamped post-Buffett portfolio.

• Berkshire’s largest new position was a $2.8B DeltaDAL
  stake — while the conglomerate’s AlphabetGOOGL
  holding more than tripled, rising to $16.6B.
• The largest dollar value reduction was Chevron’sCVX
  $8B+ trim — with VisaV
  , MastercardMA
  , AmazonAMZN
  , and UnitedHealthUNH
  cut entirely.

Cleaning house: Many of the exits trace back to Todd Combs, the portfolio manager who left for JPMorganJPM

late last year. But Abel didn’t stop there. TheCVX

trim was no Combs position, hinting his growth-forward tilt runs deeper, withGOOGL

now sitting among Berkshire’s largest holdings. Classic positions in AppleAAPL

and Coca-ColaKO

remained untouched, and Abel says he still checks in with the 95-year-old Buffett almost daily. The Oracle may be in the background, but his shadow still stretches across the portfolio — at least for now.