Buffett Bows Out: Legendary Investor Steps Down as Berkshire Hathaway Chairman

Warren Buffett has stepped down as chairman of Berkshire Hathaway after an illustrious career spanning nearly six decades. The move marks the end of a remarkable run for the legendary investor, who is now 96 years old.

Buffett's successor is his son, Howard, and the transition was facilitated by Greg Abel, who took over as CEO about a year ago. Despite handing over the reins to new leadership, Buffett has left behind a legacy of shrewd investments that continue to shape Berkshire Hathaway's portfolio.

A closer look at the company's top five holdings reveals a clear picture of Buffett's investment philosophy. The largest holding is Apple, with 227.9 million shares valued at over $65 billion, representing nearly a quarter of the disclosed portfolio.

The second-largest position is American Express, which has been a long-standing favorite of Buffett's since the salad oil scandal in the 1960s. Berkshire Hathaway owns 151.6 million shares, worth around $51 billion.

Other notable holdings include Coca-Cola, with 400 million shares valued at over $32 billion; Alphabet (Google), which has been a regret turned holding for Buffett; and Bank of America, whose position originated in a warrant deal that was converted into common stock.