Warren Buffett's Successor, Greg Abel, Scooped Up Shares of These 4 Powerhouse Stocks in the Second Quarter
A virtual monopoly and three "indefinite" holdings were on the menu for Buffett's protege in the June-ended quarter.
Overview
Few events are more exciting for investors than the quarterly filing of Form 13Fs with regulators. A 13F is a required filing for money managers overseeing at least $100 million in assets. Although 13F filings detailing second-quarter trading activity aren't due until Aug. 14, investors tracking Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) don't have to wait that long to determine which stocks Warren Buffett's successor, Greg Abel, has been buying.
Thanks to several other regulatory filings, we know that Abel scooped up shares of four powerhouse stocks in the second quarter: Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), Mitsubishi (OTC: MTSUY), Marubeni (OTC: MARUY), and Sumitomo (OTC: SSUMY).
Warren Buffett's retirement means that Greg Abel now oversees Berkshire Hathaway's investment portfolio. Image source: The Motley Fool.
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Originally published at www.fool.com.