Warren Buffett and His Successor, Greg Abel, Have Piled More Than $82 Billion Into This Perennial Winner (No, Not Alphabet!)

Published September 9, 2026 · Category: Finance

Overview

For the first time in well over half a century, the trillion-dollar conglomerate built by Warren Buffett, Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB), entered the year in uncharted territory. The Oracle of Omaha's well-telegraphed retirement as CEO on Dec. 31 meant his understudy, Greg Abel, would take the reins and oversee Berkshire's $360 billion investment portfolio.

Abel didn't waste much time making his presence felt. During the first quarter, he jettisoned 16 stocks from the portfolio and more than tripled Berkshire's stake in Google parent Alphabet (NASDAQ:GOOGL)(NASDAQ:GOOG). During the June-ended quarter, Abel oversaw an additional $17 billion in Alphabet stock purchases, making it his company's No. 3 investment holding.

Warren Buffett retired as Berkshire's CEO on Dec. 31. Image source: The Motley Fool.

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Originally published at www.fool.com.

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