Berkshire Hathaway's Greg Abel Concentrates Portfolio on Top Stocks, Except One
Greg Abel, CEO of Berkshire Hathaway, has concentrated 75% of the conglomerate's $365.2 billion public equity portfolio in just eight stocks. This approach aligns with Warren Buffett's philosophy of finding exceptional businesses and holding large positions in them.
The top holdings include Alphabet (GOOG), Apple (AAPL), Coca-Cola (KO), Bank of America (BAC), Chevron (CVX), Occidental Petroleum (OXY), Mitsubishi, and American Express (AXP).
American Express is the only stock among these eight to underperform the S&P 500 in the past year. Its revenue and net income rose by double-digit percentages in the six months ended June 30, but its gross margin has reached a decade-low due to high marketing expenses.
Abel's strategy involves trimming or eliminating stakes in smaller positions and focusing on companies with strong business models that can compound for decades.