Berkshire Hathaway has eliminated its Amazon position and grown its Alphabet stake more than sixfold under new CEO Greg Abel.
Abel moved quickly on the conglomerate’s roughly $358 billion investment portfolio after Warren Buffett retired as CEO on December 31st, 2025.
In the first quarter, Berkshire trimmed six holdings and sent 16 others packing, including Amazon, which the firm first bought in early 2019 and which had advanced roughly 150% to 200% over the holding period.
The sales followed the December exit of longtime portfolio manager Todd Combs for JPMorgan Chase, and Abel cut predominantly non-core positions Combs had overseen.
Between December 31st, 2025, and September 25th, Berkshire’s Alphabet stake grew from $5.59 billion to $36.37 billion as Abel treated Google’s parent much as Buffett once treated Apple.
Alphabet benefits from Google’s greater-than-91% share of global internet search and YouTube advertising revenue.
Google Cloud, the world’s No. 3 cloud infrastructure platform, delivered an 82% year-over-year sales jump in the June-ended quarter on artificial intelligence demand.
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