Following Buffett: Greg Abel Cuts Berkshire Holdings Dating Back To 2011 — But The Big Names Stay Put

Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) filed its first 13F under new CEO Greg Abel, revealing sales of some stocks Warren Buffett had bought before stepping down at the end of 2025. Despite the changes, the company's top 10 holdings remain largely unchanged from Buffett's tenure.

Abel Sells Some Core Holdings

Berkshire Hathaway's latest 13F was highly anticipated, with Abel highlighting the conglomerate's core holdings. Some of his moves may have caught investors off guard.

In the first quarter, the company added new positions in Delta Air Lines (NYSE:DAL), Macy's Inc (NYSE:M), and Alphabet Class C (NASDAQ:GOOG). At the same time, Berkshire Hathaway pared its portfolio, cutting the number of stock positions from 42 in the fourth quarter to 29.

The exits included shares held since 2011 and more recently acquired shares.

The most notable exits for the quarter were the sale of Visa (NYSE:V) and Mastercard (NYSE:MA) positions in their entirety. These positions were first started in 2011, dating back 15 years. The stocks ranked 13^th and 15^th by assets at the end of the fourth quarter.

The firm also exited its position in UnitedHealth (NYSE:UNH) during the first quarter. While this was a newer position, the stock was the 19^th top holding by assets at the end of the fourth quarter.

Berkshire built up its 20^th position, Domino's Pizza (NASDAQ:DPZ), for a couple of years. The firm exited it entirely.

Constellation Brands (NASDAQ:STZ), which ranked 17^th by assets in the fourth quarter, was not exited, but was lowered by 95% in the quarter.

Other older stakes that were exited in their entirety include Amazon.com Inc (NASDAQ:AMZN) and Charter Communications (NASDAQ:CHTR), which were bought by Berkshire Hathaway in 2019 and 2014 respectively.

Top 10 Holdings Remain The Same

This marked the most moves by Berkshire Hathaway in a quarter in some time. Yet, the fund’s top 10 holdings at the end of the first quarter were the same as at the end of the fourth quarter. Some of the positions moved up or down the list, but the overall 10 names were the same.

Here's the top 10 holdings at the end of the first quarter and how they compare from the fourth quarter.

1. Apple Inc (NASDAQ:AAPL): remained first
2. American Express Company (NYSE:AXP): remained second
3. Coca-Cola Inc (NYSE:KO): was fourth
4. Bank of America (NYSE:BAC) was third
5. Chevron Corporation (NYSE:CVX): remained fifth
6. Occidental Petroleum (NYSE:OXY): was seventh
7. Alphabet Class A (NASDAQ:GOOGL) was 10^th
8. Chubb (NYSE:CB): remained eighth
9. Moody's Corp (NYSE:MCO): was sixth
10. Kraft Heinz Co (NASDAQ:KHC): was ninth

Coca-Cola, Occidental, and Alphabet moved up the top 10 list rankings, while Bank of America, Moody's, and Kraft Heinz dropped down the list.

Of the top 10 holdings, Berkshire Hathaway sold off portions of its Bank of America and Chevron positions during the quarter. Its position in Alphabet Class A shares, however, increased by more than 200%.

Abel previously singled out Apple, American Express, Coca-Cola and Moody's as core holdings. Those positions all remained the same in the quarter.

Investors will have to wait another three months to see how active Abel is in the second quarter. In the meantime, Berkshire Hathaway can tap a large pool of cash to buy companies or add to its investment portfolio.

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