Abel’s Berkshire Makeover: Paring Bank of America, Piling into Alphabet
TL;DR Summary
New Berkshire Hathaway CEO-in-waiting Greg Abel started aggressively reshaping the portfolio by trimming Bank of America stock for a third- or eighth-straight quarter (depending on the quarter tracked) and massively boosting Alphabet, tripling Berkshire’s stake in Q1 and adding about $17 billion in Q2. Alphabet has now surpassed Coca-Cola and Bank of America to become Berkshire’s third-largest holding, signaling a tilt toward high-moat, AI-enabled growth. The moves reflect a value-oriented approach and raise the possibility Alphabet could eventually overtake Apple as Berkshire’s top stake if AI and cloud momentum pay off.
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