Abel Invests Big in Berkshire's Favorite Stock

Warren Buffett's successor, Greg Abel, has taken the reins at Berkshire Hathaway and is following in his footsteps. During the second quarter of this year, Abel invested $4.2 billion in what is considered Buffett's favorite stock.

Buffett led Berkshire Hathaway from 1965 to 2025, turning it into a $1 trillion conglomerate with numerous subsidiaries and a $350 billion stock portfolio. He achieved market-beating returns of 19.7% during his tenure, outperforming the S&P 500's 10.5% annual return.

Buffett's favorite stock is not Apple, but rather a company that has been a long-time holding for Berkshire Hathaway. Abel's investment in this stock may signal a continued commitment to Buffett's investment strategy.