Warren Buffett's Successor, Greg Abel, Has 63% of Berkshire's $360 Billion Portfolio Concentrated in 5 Superstar Stocks
Approximately $226 billion of Berkshire Hathaway's invested assets can be traced to five standout stocks.
Overview
For the first time in more than half a century, Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) entered the year without Warren Buffett as its CEO. His Dec. 31 retirement paved the way for longtime understudy, Greg Abel, to take the helm and oversee the company's $360 billion investment portfolio.
Although Abel has wasted little time reshaping Berkshire's portfolio, several aspects remain the same. Namely, Buffett and Abel both believe in concentrating their company's invested assets in their best ideas. As of the closing bell on Aug. 28, Warren Buffett's successor had 63% ($226 billion) of Berkshire's portfolio concentrated in five superstar 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.