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Abel Overhauls Berkshire Holdings With Critical Eye
21 Apr
Summary
- Greg Abel scrutinizes Berkshire's businesses and stock portfolio.
- Apple, Amex, Coke, and Moody's are core holdings.
- Bank of America and Chevron are not considered core.
Greg Abel, who recently assumed the CEO role at Berkshire Hathaway, is implementing a more rigorous review of the conglomerate's diverse business units and stock investments.
His approach involves a critical assessment, differentiating between 'core' holdings and those that do not meet his performance expectations. This strategic shift aims to optimize Berkshire's vast portfolio.
Abel has identified major holdings like Apple, American Express, Coca-Cola, and Moody's as fundamental to Berkshire's strategy. In contrast, significant positions in Bank of America and Chevron are reportedly not considered core assets.
