Greg Abel liquidated 15 long-held positions, including Visa and Amazon, signaling a shift in Berkshire Hathaway’s investment strategy.
Berkshire Hathaway CEO Greg Abel sold 15 stock positions initiated by predecessor Warren Buffett in his first quarter at the helm. The divestments included long-term holdings like Visa, Mastercard, and Amazon, as well as underperforming bets such as Pool Corp and Diageo.
Buffett had maintained many of these positions for over a decade, with some dating back 15 years. Abel’s moves contrast with Buffett’s buy-and-hold approach, suggesting a more active portfolio management strategy focused on anticipated market-beating returns.
The sales mark a notable departure from Berkshire’s traditional investment style, though analysts caution it is too early to declare a definitive trend. Abel also initiated new positions in previously unheld stocks, further signaling a potential shift in direction.