Greg Abel sells Amazon stake, shifts Berkshire portfolio after taking CEO role

Greg Abel, the new CEO of Berkshire Hathaway, has made major changes to the company's investments in his first months in charge. Abel took over from Warren Buffett on January 1, 2026, after Buffett led the company for 60 years. Abel sold most of Berkshire's shares in Amazon, keeping only about a quarter of a position that was worth around $2.2 billion last year. He also closed 16 other stock positions. On the other hand, he bought many more shares in Alphabet, the company that owns Google, more than tripling Berkshire's stake. Abel also restarted a programme to buy back company shares, spending $226 million in March. Berkshire currently holds $373 billion in cash and government bonds.