Warren Buffett's Successor, Greg Abel, Has 30% of Berkshire Hathaway's $343 Billion Investment Portfolio Tied Up in 2 Foundational AI Stocks
Berkshire's investment portfolio is getting a tech makeover with Abel at the helm.
Overview
It's a year of new beginnings for the trillion-dollar conglomerate that Warren Buffett helped build, Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB). Following the Oracle of Omaha's retirement as CEO on Dec. 31, Berkshire has its first new leader in more than half a century.
Buffett's protégé, Greg Abel, is now at the helm -- and he's wasted no time making his presence felt. Since taking over, Abel has completely exited 16 positions and amassed a mammoth stake in Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG). When combined with Berkshire's largest position, Apple (NASDAQ: AAPL), Abel has 30% of Berkshire's $343 billion investment portfolio tied up in two foundational artificial intelligence (AI) stocks.
Warren Buffett retired as Berkshire Hathaway's CEO on Dec. 31. Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.