Berkshire's New CEO Overhauls Portfolio, Dumping Slate of Stocks Greg Abel's first three months as CEO of Berkshire Hathaway have been marked by a significant overhaul of the company's equity portfolio.
The decision to dump a slate of stocks, including stalwarts like Visa and Amazon, in favor of new additions like Delta Air Lines and Macy's, has raised questions about Abel's investment strategy and its alignment with Warren Buffett's legacy.
The scale of the changes is striking. According to a recent SEC filing, Berkshire Hathaway's equity portfolio underwent one of its biggest renovations in history during Abel's first three months as CEO.