Motley Fool Long-term investing & stock picks

Warren Buffett's Successor, Greg Abel, Has 55% of Berkshire Hathaway's $360 Billion Portfolio Invested in 4 Standout Stocks

By newsfeedback@fool.com (Sean Williams)

Read original article on Motley Fool

For the first time in over half a century, Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB) entered the year without Warren Buffett as its CEO. The Oracle of Omaha retired on Dec. 31, giving his understudy, Greg Abel, the responsibility to oversee Berkshire's day-to-day operations and its revered $360 billion investment portfolio.

Abel hasn't been shy about shaking things up. He completely overhauled Berkshire's portfolio in the first quarter, while building up a few core positions. But the one trait that continues even after Buffett's retirement is portfolio concentration. Warren Buffett's successor currently has 55% ($196 billion) of Berkshire's invested assets in only four standout stocks:

Berkshire Hathaway's portfolio remains highly concentrated after Warren Buffett's Dec. 31 retirement. Image source: Getty Images.

Continue reading

This story was originally published on Motley Fool. DennTech aggregates headlines from top crypto publications to keep traders informed.

Read full article on Motley Fool
Back to Stock Pulse