Greg Abel Tied 30% of Berkshire's $348 Billion Portfolio to 2 AI Stocks

Berkshire Hathaway’s new CEO, Greg Abel, has increased the firm’s exposure to artificial intelligence stocks by tying about 30% of its $348 billion investment portfolio to Alphabet and Apple. After closing 16 positions and reducing the number of holdings to 29, Abel added to Alphabet in the first quarter, buying 36.4 million shares, and also completed a private placement to acquire an additional $10 billion in shares. Nearly 30% of Berkshire’s portfolio is now allocated to Alphabet and Apple, though Apple remains the largest position at 20.6% of the portfolio. Alphabet also ranks among the top holdings, with Class A shares at 7% and Class C shares at 1.8%. The change follows Berkshire’s earlier trimming of Apple after mid-2023, when it accounted for roughly half of the portfolio.