Berkshire’s CEO Abel Dumps Amazon, Triples Google Stake in Q1 Portfolio Shuffle
AMZN•Berkshire’s new CEO Greg Abel sold its Amazon stake in Q1, liquidating positions in 16 stocks, and tripled its Google holding. The divestitures followed the year-end exit of portfolio manager Todd Combs and reflect Abel’s broader valuation-driven portfolio cleanup.
1. Leadership Transition Spurs Portfolio Shift
In his first quarter as CEO, Greg Abel oversaw the sale of stakes in 16 companies, marking a significant shift from prior management and demonstrating his willingness to reassess long-held positions.
2. Amazon Stake Liquidated
Among the divested assets, Berkshire fully or partially exited its Amazon holding as part of a broader cleanup prompted by portfolio manager Todd Combs’s departure at year-end.
3. Strategic Reallocation into Google
Proceeds from these sales were redeployed into Alphabet, with the Google stake tripled to become the firm’s seventh largest position, underscoring Abel’s focus on valuation opportunity.
