Berkshire sold its long-held stakes in Visa and Mastercard and reopened a position Buffett exited in 2020, per Q1 filings.
Berkshire Hathaway sold its entire positions in Visa and Mastercard during the first quarter under new CEO Greg Abel, according to regulatory filings. The moves mark a shift from long-term holdings established in 2011, reflecting Abel’s early portfolio adjustments since taking over from Warren Buffett in January.
The company also initiated a new stake in a stock Buffett had sold in 2020. Reports suggest Abel may have liquidated assets previously managed by Todd Combs, a longtime Buffett deputy who recently departed for JPMorgan Chase. Visa and Mastercard remain dominant in global payments, processing trillions annually.
No immediate market reaction was disclosed in the filing, though the changes signal a potential strategic realignment under Abel’s leadership.