Warren Buffett’s Successor, Greg Abel, Has Over 45% of Berkshire Hathaway’s $356 Billion Portfolio Invested in 3 Undeniable Winners
This has been a game-changing year for Berkshire Hathaway‘s (NYSE:BRKA)(NYSE:BRKB) long-term shareholders. Warren Buffett’s retirement on Dec. 31 meant that this trillion-dollar conglomerate entered the year without its most familiar face running the show for the first time in well over half a century.
However, the Oracle of Omaha’s successor, Greg Abel, hasn’t missed a beat. He’s grabbed the bull by the horns and revamped several aspects of Berkshire’s $356 billion investment portfolio, while keeping one key trait the same: concentration. Abel, like Warren Buffett, has more than 45% of Berkshire Hathaway’s invested assets ($160.6 billion) in just three undeniable winners: Apple (NASDAQ:AAPL), American Express (NYSE:AXP), and Alphabet (NASDAQ:GOOGL)(NASDAQ:GOOG).
Portfolio concentration has always been important to Warren Buffett and his successor, Greg Abel. Image source: Getty Images.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.