Under Abel, Berkshire’s Q4 Operating Income Falls 30% to $10.2B and Adds New York Times
Berkshire Hathaway’s operating earnings dropped to $10.2 billion in Q4 from $14.5 billion a year earlier, as Greg Abel assumes CEO role and signals potential redeployment of the firm’s $300 billion cash pile. New York Times shares have emerged among several new equity positions under Abel’s initial portfolio shifts.
1. CEO Transition and Cash Strategy
Greg Abel officially succeeded Warren Buffett as CEO, providing his first shareholder letter and outlining a strategy for deploying the company’s $300 billion cash and investments. Investors are watching for Abel’s approach to deal-making, share repurchases or a potential dividend policy shift under his leadership.
2. New York Times Position Added
During 2025, Berkshire Hathaway added shares of New York Times to its portfolio as one of several new equity positions. While the exact stake size has not been disclosed, this inclusion suggests Abel may view NYT as a potential long-term holding.