Greg Abel Channeled His Inner Warren Buffett With Legacy and Dividend Stock Buys in Q1

"Warren Buffett stepped down as CEO of Berkshire Hathaway ( NYSE: BRK-B | BRK-B Price Prediction) on December 31, 2025, after six decades leading the conglomerate he transformed from a struggling textile mill into a $1 trillion empire. The "Oracle of Omaha" left his successor, Greg Abel, with a highly concentrated portfolio: almost 65% of Berkshire's $331 billion equity portfolio is invested in just six stocks. Abel, who has served as vice chairman overseeing non-insurance operations, officially took over as CEO on January 1, 2026."

"At 95 years old, Buffett isn't fully retiring. He will remain board chair and plans to continue coming to the Omaha headquarters as much as before. However, he has stated he will be "going quiet" and leaving all decision-making to Abel. Berkshire Hathaway has underperformed the S&P 500 by a sizable margin so far this year, and clearly, Abel was bent on adding some solid growth names to the portfolio."

"With the S&P 500 up 7.75% and Berkshire down about 4% in 2026, Abel has his work cut out for him if he intends to match or outperform the venerable index this year. The technology and communication services sectors have accounted for a massive chunk of the S&P 500's total gains. The difference this year, versus decades when Berkshire Hathaway outperformed the S&P 500, is that AI-related stocks have been the core driver of the S&P 500's gains since the start of 2026, accounting for over 80% of the upward momentum."

"The good news for Berkshire investors is that Abel added some more to one of the hottest tech stocks in the portfolio, while adding back an old favorite and a retail giant. In addition, it was reported that the legendary firm also bought back $234 million of the company's A and B shares. Here are the stocks that were added or had their position size increased in the first quarter. Alphabet"

Warren Buffett stepped down as CEO of Berkshire Hathaway on December 31, 2025, after leading the company for six decades and transforming it from a textile mill into a $1 trillion conglomerate. Greg Abel became CEO on January 1, 2026, inheriting a highly concentrated equity portfolio where nearly 65% of a $331 billion portfolio is invested in six stocks. Buffett will remain board chair and continue visiting Omaha, but he will “go quiet” and leave decision-making to Abel. Berkshire has underperformed the S&P 500 in 2026, with the index gaining mainly from technology and communication services. AI-related stocks have driven over 80% of the S&P 500’s upward momentum since early 2026. Abel added to hot tech holdings, increased positions in familiar names, and Berkshire also reported $234 million in A and B share buybacks.

Read at 24/7 Wall St.