Warren Buffett's Successor, Greg Abel, Is About to Drop a Bombshell on Wall Street Later Today, Aug. 14
In a matter of hours, we're going to know exactly which stocks Berkshire Hathaway's new boss bought and sold in the second quarter.
Overview
The trillion-dollar conglomerate that Warren Buffett built entered uncharted territory in 2026. Following the Oracle of Omaha's Dec. 31 retirement as CEO of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB), the company's day-to-day operations and the oversight of its $355 billion investment portfolio fell to his successor, Greg Abel.
Abel has wasted little time making his mark. During the first quarter, he completely revamped Berkshire's portfolio by jettisoning 16 holdings and reducing six others. But he didn't stop there.
Warren Buffett retired as Berkshire Hathaway's CEO on Dec. 31. Image source: The Motley Fool.
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Originally published at www.fool.com.