Abel Invests $4.2B in Apple, Continuing Berkshire's Buyback Tradition

Greg Abel has picked up where Warren Buffett left off as CEO of Berkshire Hathaway. In the second quarter of this year, Abel invested $4.2 billion into Apple, a stock that was Buffett's all-time favorite.

Buffett acquired a controlling stake in Berkshire Hathaway in 1965 and converted it into a holding vehicle for his various investments. He targeted companies with steady growth, reliable profits, and strong management teams, often favoring those that consistently returned money to shareholders through dividends and stock buybacks.

One notable example is Coca-Cola, which Buffett acquired 400 million shares of between 1988 and 1994. The shares are now worth $34 billion and will pay Berkshire $848 million in dividends this year alone.

Abel has continued to follow in Buffett's footsteps, investing over $20 billion in Alphabet since taking over as CEO. He also restarted the buyback machine, authorizing $235 million worth of buybacks in the first quarter of 2026 and increasing it to $4.2 billion in the second quarter.