Abel Fires Up Berkshire Portfolio with 15 Buffett Sell-Offs

Greg Abel's first quarter as CEO of Berkshire Hathaway has seen him make significant changes to the company's investment portfolio. In his first three months at the helm, Abel sold 15 positions initiated by his predecessor Warren Buffett, including some long-held shares in Visa and Mastercard.

The moves signal a new direction for the company under Abel, who is not afraid to divest positions that are no longer performing well. His first quarter saw him sell stakes in companies like Pool Corp., Diageo, and Domino's Pizza, as well as Amazon.

One of the most striking aspects of Abel's portfolio changes was his lack of interest in dividend-paying stocks. He sold several high-dividend-yielders, including Lamar Advertising, Diageo, and Pool, which yielded 4%, 3.8%, and 2.5% respectively.

Abel's focus on building up cash reserves is also evident, with the company's cash position increasing from $373.3 billion to $397.4 billion over the quarter.