Greg Abel Exits Amazon, Triples Berkshire’s Alphabet Stake to 5.9%
Berkshire Hathaway’s Greg Abel sold the firm’s entire Amazon position in Q1 and more than tripled its Alphabet holding to 5.9% of the portfolio. He also opened a new position in Alphabet’s Class C shares, reflecting confidence in the company’s AI growth and ~19x forward earnings valuation.
1. Q1 Portfolio Reshuffle
In the first quarter of 2026, Greg Abel, newly installed CEO successor at Berkshire Hathaway, fully exited the firm’s Amazon holding and redirected capital into technology names. The move marks a sharp pivot from e-commerce to AI and search advertising leaders.
2. Expanded Alphabet Position
Berkshire’s stake in Alphabet surged to 5.9% of its equity portfolio after Abel more than tripled the prior position. Concurrently, a new allocation was established in non-voting Class C shares to capitalize on growth potential.
3. Focus on AI Growth and Valuation
Abel’s increased exposure to Alphabet underscores confidence in the company’s AI initiatives and cloud services. At roughly 19x forward earnings, the stake aligns with a long-term strategy targeting high-margin, innovation-driven businesses.
