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Berkshire Shifts Portfolio, Builds Cash Fortress Under New Leadership

Berkshire Hathaway increased its stake in Alphabet while exiting Amazon during Greg Abel's first quarter as chief executive officer, signaling a strategic portfolio shift. The company's cash reserves reached an unprecedented $397 billion, reflecting a cautious approach to capital deployment in the current market environment. Operating earnings jumped in the quarter, underscoring solid operational performance across Berkshire's diverse business units. At his inaugural shareholder meeting, Abel emphasized continuity with predecessor Warren Buffett's long-term investment philosophy while ruling out any restructuring of the conglomerate. The new leadership team maintained Berkshire's disciplined approach to capital allocation, demonstrating measured confidence in select technology bets while taking a defensive posture elsewhere in the equity markets.