Greg Abel Exits 2.3M Amazon Shares, Triples Alphabet Stake and Acquires Taylor Morrison for $6.8B
BRKA•In Q1 2026 Berkshire Hathaway CEO Greg Abel exited the entire Amazon stake (2.3 million shares) and more than tripled the firm's holding in Alphabet, elevating it to a top-five position. He also agreed to acquire Taylor Morrison Home in a $6.8 billion cash deal, betting on a cyclical housing recovery.
1. Portfolio Overhaul by New CEO
Greg Abel, who assumed the role of Berkshire Hathaway CEO in January 2026, initiated a sweeping rebalancing of the conglomerate’s equity portfolio during the first quarter, signaling a shift toward perceived value and cyclical opportunities.
2. Complete Exit from Amazon
Abel sold all 2.3 million Berkshire-held Amazon shares to lock in gains and cited the tech giant’s stretched valuation, removing it from the company’s top holdings.
3. Significant Increase in Alphabet Position
Simultaneously, Berkshire more than tripled its stake in Alphabet, making the search giant one of its top-five equity investments, driven by AI growth prospects and a more attractive price point.
4. $6.8 Billion Taylor Morrison Acquisition
In his first major deal, Abel agreed to purchase homebuilder Taylor Morrison Home for $6.8 billion in cash, reflecting a bet on a housing market bottom and longer-term residential cycle gains.
