Berkshire Hathaway's New CEO Shakes Up Portfolio: Amazon Out, Alphabet In
Berkshire Hathaway's new CEO Greg Abel has significantly reshaped the investment portfolio, exiting Amazon while dramatically increasing its Alphabet stake.
Berkshire Hathaway's new CEO Greg Abel has significantly reshaped the investment portfolio, exiting Amazon while dramatically increasing its Alphabet stake. This is an original TLT brief synthesising 2 outlets (The Daily Hodl, Bitcoin.com), plus live market data, as of Wed, 07 Oct 2026 16:00:05 UTC.
- Berkshire Hathaway exited its Amazon position under new CEO Greg Abel.
- The conglomerate increased its Alphabet stake more than sixfold.
- Portfolio changes come after Warren Buffett's retirement as CEO.
The Daily Hodl and Bitcoin.com both report that Berkshire Hathaway, under new CEO Greg Abel, has eliminated its Amazon position and increased its Alphabet stake more than sixfold. The Daily Hodl provides details on the broader portfolio changes, noting that Berkshire trimmed six holdings and exited 16 others in the first quarter. Bitcoin.com, however, focuses on Abel's personal background, highlighting his early entrepreneurial ventures in Edmonton, Alberta, and his official start as CEO on January 1, 2026. The outlets agree on the core portfolio changes but differ in their emphasis, with The Daily Hodl focusing on the investment moves and Bitcoin.com on Abel's personal history.
Berkshire Hathaway, under the leadership of new CEO Greg Abel, has made significant changes to its investment portfolio, exiting its position in Amazon and increasing its stake in Alphabet more than sixfold. These changes come after Warren Buffett's retirement as CEO on December 31st, 2025, and mark Abel's first major moves in reshaping the conglomerate's $358 billion investment portfolio.
The portfolio adjustments were detailed by The Daily Hodl, which reported that Berkshire Hathaway trimmed six holdings and exited 16 others in the first quarter. This strategic shift reflects Abel's approach to managing the conglomerate's investments, which now includes a significantly larger position in Alphabet, Google's parent company.
Bitcoin.com provided additional context on Abel's background, noting that he began his career with entrepreneurial ventures in Edmonton, Alberta, including collecting and redeeming soda bottles for profit. This early experience in business and his official start as CEO on January 1, 2026, provide insight into his strategic thinking and decision-making process.
The changes in Berkshire Hathaway's portfolio come at a time when the broader market is experiencing volatility. The total crypto market cap stands at $2.89 trillion, with Bitcoin down 4.24% in the last 24 hours. The Fear & Greed Index is at 71, indicating a state of 'Greed' among investors.
The decision to exit Amazon and increase the Alphabet stake may reflect Abel's confidence in the tech sector, particularly in Alphabet's long-term growth prospects. Investors will be watching to see how these changes impact Berkshire Hathaway's performance and whether Abel will continue to make significant adjustments to the portfolio in the coming quarters.
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This is an original TLT brief that synthesises reporting from The Daily Hodl, Bitcoin.com, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.