Greg Abel is maintaining the concentrated investment approach that defined his predecessor’s tenure, with 63% of Berkshire Hathaway’s $355 billion equity portfolio held in five stocks, according to The Motley Fool.
Based on August 5 closing values, Apple accounts for $70.88 billion, or 20% of invested assets
American Express follows at $52.91 billion (14.9%), then Coca-Cola at $34.73 billion (9.8%), Bank of America at $32.49 billion (9.1%), and Alphabet — combining both share classes — at $31.28 billion (8.8%). Berkshire has held American Express since 1991 and Coca-Cola since 1988, making both among its longest-running equity positions. Those decades of compounding have pushed the annual dividend yield on cost to roughly 45% for American Express and 65% for Coca-Cola, according to The Motley Fool.
In his 2023 annual letter, Warren Buffett described both positions as “indefinite” holdings. Alphabet’s presence in the top five represents one of the clearest departures from the Buffett era in terms of sector emphasis. Berkshire expanded its Alphabet stake by 224% during Abel’s first quarter running the conglomerate, growing from 17.8 million shares at year-end 2025 to nearly 58 million shares by March 31.