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 Hathaway CEO landed Friday, handing investors their first real look at a revamped post-Buffett portfolio.
- Berkshire’s largest new position was a $2.8B Delta stake — while the conglomerate’s Alphabet holding more than tripled, rising to $16.6B.
- The largest dollar value reduction was Chevron’s $8B+ trim — with Visa, Mastercard, Amazon, and UnitedHealth cut entirely.
Cleaning house: Many of the exits trace back to Todd Combs, the portfolio manager who left for JPMorgan late last year. But Abel didn’t stop there. The trim was no Combs position, hinting his growth-forward tilt runs deeper, with now sitting among Berkshire’s largest holdings. Classic positions in Apple and Coca-Cola 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.
