Abel Shifts Berkshire Portfolio to Tech-Focused AI Investments

Greg Abel, Warren Buffett's successor at Berkshire Hathaway, has significantly overhauled the company's $358 billion portfolio. In the first quarter and continued into the June-ended quarter, Abel shifted focus towards a more tech-oriented investment strategy.

Approximately 30% of Berkshire's invested assets are now tied up in two preeminent AI stocks: Apple (AAPL) and Alphabet (GOOGL).

Apple remains Berkshire's largest position, with a $71 billion stake. The company has been evolving its focus on subscription services and launched Apple Intelligence for its physical devices, relying on generative AI to simplify tasks.

Alphabet is now Berkshire's fourth-largest position, with roughly $17 billion spent buying shares in the second quarter. Alphabet's sustainable advertising moat and AI operations are expected to drive operating cash flow growth.