Berkshire’s first 13F under Greg Abel showed a first-quarter reset: 16 positions were eliminated, including Amazon, Domino’s Pizza, Visa, Mastercard and UnitedHealth, while Chevron was cut 35%.
Abel’s biggest bet went the other way—he bought 36.4 million Alphabet Class A shares and 3.6 million Class C shares, lifting Berkshire’s Google parent stake to about $23 billion.
The reshuffle points to a strategy shift after Warren Buffett’s Dec. 31 retirement, with Abel favoring cheaper valuations and leaning harder into large-cap technology than his predecessor did.
Alphabet offered both scale and growth for that pivot: Google still handles roughly 90% of global search traffic, while Google Cloud’s first-quarter revenue rose 63% from a year earlier.
With a record $397B in cash, is Abel's big bet on Google the start of a tech shopping spree or a single bold move?
Abel sold Buffett's favorites to buy tech. Is this a necessary evolution for Berkshire or a risky departure from its proven value principles?
Greg Abel’s First Moves: Berkshire Hathaway’s Q1 2026 Portfolio Shakeup and $397 Billion Cash Strategy
Overview
In the first quarter of 2026, Greg Abel, in his new leadership role at Berkshire Hathaway, made bold and closely watched changes to the company’s investment portfolio. He initiated a distinct shift in strategy by selling the entire Amazon stake, acquiring new stocks, and adjusting existing holdings. These moves, detailed in the public FORM 13F filing, reflect Abel’s emerging investment philosophy and mark a clear evolution from previous approaches. The market paid close attention to these actions, recognizing them as the beginning of a new era for Berkshire Hathaway’s investment strategy under Abel’s direction.