New Berkshire Hathaway CEO Restructures Portfolio, Sells Off Numerous Shares
Berkshire Hathaway is beginning to demonstrate a new investment direction under the leadership of CEO Greg Abel. In the first three months since replacing Warren Buffett as chief executive, Abel has undertaken one of the largest portfolio restructurings in the company’s history.
According to the latest documents submitted to the Securities and Exchange Commission (SEC), Berkshire added two new stocks, namely Delta Air Lines and Macy’s, while also increasing its ownership in four other issuers.
The most striking change occurred in Alphabet, Google’s parent company. Berkshire increased its shareholding by 224% during the first quarter of 2026.
This move has so far proven profitable. Since the end of Q1 2026, Alphabet shares have soared approximately 38%. The aggressive increase in Alphabet is almost certainly a decision made by Greg Abel, either with the approval or direct input from Warren Buffett.
On the other hand, Berkshire significantly reduced the number of shares in its portfolio. This move aligns with a Wall Street Journal report last month that Abel was likely to sell off many stocks previously managed by Todd Combs, a former Berkshire portfolio manager who now works at JPMorgan.
A number of shares that were completely sold off in the first quarter of 2026 include Visa, Mastercard, UnitedHealth, Domino’s Pizza, Aon, Pool Corp, Amazon, Heico, Charter Communications, Lamar Advertising, Allegion, Diageo, and Atlanta Braves Holdings.
Berkshire also exited its entire stake in Amazon after selling the remaining 2.3 million shares in the first quarter. Previously, the company had sold 7.7 million Amazon shares in Q4 2025 from a total holding of 10 million shares.
Meanwhile, ownership in Constellation Brands was almost completely eliminated after being reduced by 95%. While undertaking this major restructuring, Berkshire has relatively maintained its two main investments, namely Apple and Bank of America. Ownership in Bank of America was only reduced by less than 1%, while the position in Apple remained unchanged.