Search results for Greg Abel
Finance
Berkshire sells entire stakes in Visa, Mastercard; not due to performance
Berkshire Hathaway has sold its entire stakes in Visa and Mastercard, prompting market focus on whether the move signals a broader portfolio reshuffle. A quarterly report showed Berkshire also fully exited some holdings such as Amazon. The sales are being read as the first major rebalancing under Greg Abel, who is effectively leading portfolio management, and may reflect a move away from positions linked to Todd Combs. Visa’s recent business indicators were described as solid.
Industry
Berkshire Hathaway shares lag rebound, marking worst performance this century after Buffett departure
Berkshire Hathaway has lagged a recent U.S. stock market rebound, posting its biggest relative underperformance so far this year. The S&P 500 broke above 7,100 for the first time, while Berkshire’s A and B shares fell less than 1 percent this month. The stock is more than 12 percent below its record high in May last year. Analysts link the weakness to Warren Buffett’s retirement plan and investor focus on successor Greg Abel.
Crypto
Berkshire without Buffett holds record cash pile, raising questions over next investment
Berkshire Hathaway is entering a new leadership era with a record $382 billion in cash and short-term Treasuries after Warren Buffett retired at 95. The company has been a net seller of stocks for 12 straight quarters and sold about $184 billion over three years. Attention is turning to incoming leader Greg Abel and how he will deploy liquidity. Crypto investors are watching as Berkshire has indirect exposure through an investment in Brazil’s Nu Holdings.