Warren Buffett's Hand-Picked Successor, Greg Abel, Has 72% of Berkshire Hathaway's Portfolio Invested in Just 5 Stocks. Here's My Top Pick for August.
Alphabet's value proposition was so appealing that even Buffett and Abel could not ignore it.
Overview
Every quarter, investors anxiously await the release of Berkshire Hathaway's 13-F filing to get an update on its holdings. Even though Warren Buffett no longer runs the company, he continues to hold sway over its stock picks, and investors watch the changes from quarter to quarter closely.
Although the latest 13-F filing shows positions in 26 different companies, just five companies make up 72% of its holdings. However, this portfolio has existed for over 60 years, making it likely that some of these stocks are better to hold right now than to buy.
Details
Knowing that, I think investors should probably lean toward the newest pick among these stocks, meaning Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) is probably the stock of choice.
Source
Originally published at www.fool.com.