Berkshire’s Greg Abel appears to have a new No. 3 stock holding, replacing Coca-Cola in a key ranking, according to a new market report

Berkshire Hathaway’s equity portfolio rankings are getting fresh attention after a Yahoo Finance report said Greg Abel, the executive widely viewed as Warren Buffett’s successor-in-waiting, now has a different stock sitting at the No. 3 position in his area of influence. The report frames the change as a move “over” Coca-Cola, which it suggests had previously occupied that No. 3 spot in Abel’s holdings ranking.

The post did not alter Berkshire’s broad structure, where Buffett remains the face of the conglomerate’s long-term strategy and Abel is known for running operating businesses and overseeing a portion of the company’s investment activity. Instead, the attention is on the ranking itself, which indicates which equities are largest within a specific slice of Berkshire’s portfolio management.

In the report’s telling, Coca-Cola is no longer the No. 3 holding associated with Abel, implying that the top tier of his equity positions has been reshuffled by either additional buying, selling, or valuation changes that affect the ordering. Because portfolio rankings can move with share prices even without net buying, the report’s conclusion is best read as a change in relative position rather than proof of a single, discrete transaction.

Berkshire Hathaway does not typically comment on day-to-day or quarter-to-quarter changes in individual equity rankings in the way a traditional money manager might. When Berkshire does provide detail, it is usually through its periodic disclosures, including the list of major equity holdings in regulatory filings and related reporting. The Yahoo Finance post appears to be relying on publicly available portfolio information and then interpreting it through the lens of which executive is associated with the holdings being ranked.

Abel’s role matters to how investors think about continuity at Berkshire. While Buffett’s style is the dominant narrative, Abel’s responsibilities have increasingly been treated as a proxy for what comes next. A change in which stock sits in the No. 3 spot can therefore feed investor expectations about what kinds of durable businesses are gaining emphasis within that part of the portfolio.

Still, important specifics are not confirmed in the report’s framing alone. The post indicates a change away from Coca-Cola in the No. 3 ranking, but without the underlying filing details in front of us here, it does not establish the exact new No. 3 holding, the size of the position, or whether the move reflects net purchases versus market-price movements. Those points generally require cross-checking the relevant Berkshire disclosures for the exact dates and dollar amounts.

What to watch next is whether Berkshire’s next round of formal portfolio reporting clarifies the updated ranking with precise position sizes, and whether other market commentary identifies the exact company now holding the No. 3 spot associated with Abel. If the ranking change is sustained across reporting periods, it would be more meaningful than a single-quarter fluctuation driven purely by stock performance.