BRK-B · News · 20260803N
Portfolio Reshuffle Under Abel
BERKSHIRE HATHAWAY INC · 2026-08-03 · Importance 34 · Surprise 42 · In source text
Greg Abel's first-quarter 2026 investment activity reportedly involved selling 15 or 16 positions, reducing six additional holdings, and investing less than $3 billion in new stocks outside Alphabet. Berkshire also reduced its Chevron stake as part of the reshuffle. The reporting characterizes the changes as a shift toward larger, higher-conviction positions and acquisitions of entire companies rather than broad equity buying.
Key facts
- Greg Abel completely revamped Berkshire Hathaway's $355 billion portfolio in the first quarter. source
- Berkshire spent less than $3 billion on new stocks in the 2026 first quarter, outside of Alphabet shares. source
- Berkshire's new boss dumped 16 positions and reduced six others, including Chevron. source
- The new CEO sold out of 15 positions in Berkshire's 2026 first quarter. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -0.1% | Berkshire spent less than $3 billion on new stocks in the 2026 first quarter, outside of Alphabet shares. |