THE APEX TIMES
Greg Abel’s first major move at Berkshire: cutting Chevron exposure and lifting a new top holding
Berkshire Hathaway’s new operating lead, Greg Abel, has begun his tenure with a shift in the portfolio, reducing its Chevron position while increasing exposure to Google-parent Alphabet, according to a market report.
Berkshire Hathaway’s succession story is being written, at least in part, through portfolio moves. A market report says Greg Abel, the company’s longtime heir-in-waiting and now a top executive running day-to-day decisions, has started his tenure by trimming Berkshire’s Chevron stake and raising its position in Alphabet, the parent of Google.
The report characterizes the Chevron cut as a significant reduction. It says Berkshire’s holding in Chevron was cut by 35%, framed as a deliberate redeployment of capital away from Berkshire’s long-standing oil-and-gas exposure.
In the same update, the report says Berkshire increased its Alphabet position enough to make it the company’s No. 5 largest holding. The framing emphasizes a “foundational sustainable moat” tied to Alphabet’s business model and also points to “serious artificial intelligence (AI) ambitions,” linking the decision to a longer-duration technology thesis rather than a near-term commodity cycle bet.
Berkshire’s portfolio decisions are closely watched because they can announcement how the succession plan is translating into investment priorities. The company has historically favored businesses with durable advantages, ample cash generation, and clear long-term economics, even if the market’s appetite for those themes changes over time.
This latest shift, if it mirrors the direction suggested in the report, would be consistent with a broader pattern in Berkshire’s stock picking: rebalancing among large, liquid public companies where the investment case is built around what management believes will persist. The Chevron reduction also suggests Berkshire is willing to reduce exposure even to familiar holdings when it chooses to reweight the portfolio.
Even so, important context is missing from the market report. It does not provide details on the size of Berkshire’s total Chevron position before and after the change beyond the percentage figure, nor does it outline whether the Alphabet purchase came from new buying, additional trimming of other holdings, or a reallocation within the same set of positions.
Berkshire also did not provide additional figures in the cited post. The report stops short of describing the exact timing of the trades, the price paid or received, or whether management viewed the Chevron cut as a near-term risk adjustment, a valuation-driven decision, or a portfolio concentration choice.
Investors will likely watch Berkshire’s next major disclosure for confirmation and granularity, including the updated weights of Chevron and Alphabet in the overall portfolio. A key question for the market will be whether the changes represent a one-time rebalance or the beginning of a broader shift in how Abel’s leadership shapes Berkshire’s large public-stock holdings.
Why It Matters
- If confirmed by Berkshire’s filings, the changes would indicate how Abel is translating the company’s long-standing investment approach into new portfolio weights.
- Reducing Chevron exposure would also announcement a shift in Berkshire’s balance between energy-linked cash flows and technology-led growth themes.
- Making Alphabet a top-five holding underscores how central AI-related narratives have become in equity selection, even for value-oriented investors.
Key Facts
- A Yahoo Finance market report says Greg Abel’s tenure at Berkshire began with portfolio changes.
- The report says Berkshire cut its Chevron stake by 35%.
- The report says Berkshire increased its Alphabet (Google-parent) stake.
- The report claims the Alphabet position became Berkshire’s No. 5 largest holding.
- The report links the move toward Alphabet to durable business advantages and stated AI ambitions.
Finance Related
Bank of America points to a shift in how gold is being positioned, Yahoo Finance reports
A Yahoo Finance market update says Bank of America has identified signs of a broader change in gold positioning, drawing attention from investors monitoring bullion trends.
KKR’s “mini Berkshire” push shows early results as it sells USI assets for about $17 billion
KKR said it has completed a major first step in its Strategic Holdings effort that aims to emulate Berkshire Hathaway’s long-term approach, including an initial large exit tied to U.S. insurance investments. The deal size, reported at roughly $17 billion, marks one of the first sizable realizations from the portfolio concept.
Berkshire Hathaway shares appear less expensive than a conservative earnings-based valuation, analysis says
A market-focused valuation review points to continued upside based on earnings-driven assumptions, even after Berkshire Hathaway’s shares have already surged over the past five years.
JPMorgan Chase issues long-dated callable notes while expanding its retail footprint, according to market commentary
A Yahoo Finance market note pointed to JPMorgan Chase & Co.’s recent slate of callable, unsecured medium-term notes spanning 2031 through 2056, alongside a new retail branch effort, as investors weigh the implications for funding and capital returns.
GRAIL schedules conference appearance at Morgan Stanley’s 24th Global Healthcare event
The cancer-detection company said its management team will present at Morgan Stanley’s annual healthcare conference, an event investors commonly use to gauge updates across the biotech and diagnostics sector.
Goldman Sachs buys into high-income ETF, spotlighting the tradeoffs behind covered-call payouts
A newly reported Goldman Sachs purchase of the $13 billion QQQI covered-call ETF draws attention to the compromise investors may be making when they chase monthly income tied to the Nasdaq-100.
HubSpot CEO Yamini Rangan scheduled to present at Goldman Sachs Communacopia + Technology Conference
HubSpot said its chief executive, Yamini Rangan, is slated to speak at the Goldman Sachs Communacopia + Technology Conference, bringing investor attention to the company’s platform strategy for businesses and marketing teams.
Chewy to send CEO Sumit Singh to Goldman Sachs Global Consumer and Retail Conference 2026
Pet retailer Chewy said CEO Sumit Singh will participate in the Goldman Sachs Global Consumer and Retail Conference in 2026, indicating continued investor engagement with the consumer and retail sector.
Coinbase expands partnership with Webull in Canada, positioning crypto trading for a wider user base
A reported update says Coinbase has broadened its collaboration with online broker Webull to serve customers in Canada, though the companies have not detailed commercial terms in the announcement.
Visa Joins Mastercard and Fiserv in Group Aiming to Set Rules for AI Agent Payments
A new industry initiative, the Agentic Payments Alliance, is bringing card networks, a payments processor, and partners together to align on how payments by AI “agents” should work.