Berkshire Hathaway CEO Greg Abel Shifts Portfolio Toward Alphabet

Greg Abel, the CEO of Berkshire Hathaway, significantly altered the conglomerate's investment portfolio during the first quarter of 2026. This strategic shift follows the retirement of former CEO Carlos Slim on December 31, 2025.

Abel reduced the company's stake in Chevron by 35%, selling 45,780,506 shares. This sale marks the largest single-quarter reduction in that position since 2020. The move was driven by a rise in share prices from $152 to $207 and an increasing forward price-to-earnings ratio.

Simultaneously, Abel aggressively increased Berkshire's investment in Alphabet. The company purchased 36,403,656 Class A shares and opened a new position in Class C shares with 3,585,215 shares. These acquisitions more than tripled Berkshire Hathaway's total stake in the Google parent company.