Berkshire Keeps 9.3% Coca-Cola Stake as Abel Succeeds Buffett
Berkshire Hathaway maintains its 9.3% stake in Coca-Cola as part of its top five equity holdings while transitioning leadership to CEO Greg Abel. The conglomerate’s $297.8 billion equity portfolio remains heavily concentrated, with Coca-Cola alongside American Express, Apple and Moody’s representing core positions.
1. Berkshire’s Coca-Cola Stake
As of December 31, 2025, Berkshire Hathaway owned a 9.3% equity stake in Coca-Cola, making it one of five largest positions in its $297.8 billion equity portfolio. This stake positions Coca-Cola alongside American Express (22.1%), Moody’s (13.9%) and Apple (1.6%) as core holdings.
2. Leadership Transition and Capital Strategy
With Gregory E. Abel stepping into the CEO role, Berkshire reiterated its focus on preserving long-standing capital discipline. Abel emphasized preferring acquisitions of productive businesses over dividends and share repurchases, suggesting continuity in maintaining strategic stakes like Coca-Cola.
3. Implications for Coca-Cola
Berkshire’s sustained 9.3% holding underscores confidence in Coca-Cola’s long-term cash flow and dividend profile. Investors may view continued backing from a major institutional holder as supportive of stock stability and potential valuation support.