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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Warren Buffett's Berkshire Dumped 16 Stocks In Q1 As Greg Abel Takes Over as CEO — Investors Notice Shift

Warren Buffett Greg Abel Berkshire Berkshire Hathaway Mastercard Visa Reddit
Greg Abel became the CEO of Berkshire Hathaway earlier this year after Warren Buffett stepped down. (Credit: YouTube)

Berkshire Hathaway has been actively rebalancing its portfolio, selling 16 stocks in Q1, completely offloading 12 stocks after Greg Abel took over as CEO earlier this year following Warren Buffett's retirement at the age of 95.

The latest 13F filing with the US Securities and Exchange Commission revealed that Berkshire completely sold its $2.91 billion stake in Visa, $2.28 billion stake in Mastercard, $1.66 billion position in UnitedHealth Group, $1.40 billion stake in Domino's Pizza, $525 million worth of holdings in Amazon, $1.27 billion stake in Aon PLC, and $702 million stake in Pool Corp, as well as stakes in Heico Corp and Lamar Advertising Company.

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