--- title: "Greg Abel Just Dumped Amazon. David Tepper Nearly Doubled His Stake. One of Them Is About to Look Very Smart." type: "News" locale: "en" url: "https://longbridge.com/en/news/286880715.md" description: "Greg Abel, CEO of Berkshire Hathaway, sold all Amazon shares in Q1 2026, while hedge fund manager David Tepper nearly doubled his stake in the company. Abel's decision may stem from a portfolio clean-up after Todd Combs' departure, while Tepper likely capitalized on Amazon's stock decline, viewing it as a buying opportunity. Tepper's strategy appears promising as Amazon's stock has risen over 20% since then, bolstered by its investments in AI and satellite internet services." datetime: "2026-05-19T08:47:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286880715.md) - [en](https://longbridge.com/en/news/286880715.md) - [zh-HK](https://longbridge.com/zh-HK/news/286880715.md) --- # Greg Abel Just Dumped Amazon. David Tepper Nearly Doubled His Stake. One of Them Is About to Look Very Smart. Warren Buffett's hand-picked successor as CEO of **Berkshire Hathaway** (BRKA +0.85%) (BRKB +1.18%), Greg Abel, is already revealing how he will invest the conglomerate's mountain of cash. Meanwhile, billionaire David Tepper continues to show how he earned a reputation as one of the top hedge fund managers. And both men took very different approaches with the same stock in the first quarter of 2026. Abel completely exited Berkshire's position in **Amazon** (AMZN +0.27%) in Q1. Tepper, on the other hand, nearly doubled Appaloosa Management's stake in the e-commerce and cloud stock. Amazon ranks as his top holding, by far. I think one of them is about to look very smart. ![An Amazon worker carrying a package.](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzA3MTkvYW1hem9uLWZsZXgtZHJpdmVyLWRlbGl2ZXJpbmctcGFja2FnZS10by1kb29yLXN0ZXAucG5nJnc9Mzg0MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Image source: Amazon. ## Why two opposite moves with the same stock? We can only speculate on why Abel dumped Berkshire's Amazon shares while Tepper loaded up on the stock. However, I think we can make pretty good guesses. My hunch is that Abel's move to sell Amazon is easily explained. Amazon was likely one of the stocks Todd Combs picked. Combs left Berkshire in January 2026 to head **JPMorgan Chase**'s (JPM +0.98%) $10 billion Strategic Investment Group. Berkshire appears to have sold all of the positions managed by Combs. As for Tepper's move, I strongly suspect that the billionaire hedge fund manager aggressively bought Amazon shares after the stock's sharp decline in February. Tepper probably saw an opportunity to buy a great stock at a discount. Expand ![Amazon Stock Quote](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FNWk4ucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## NASDAQ: AMZN Amazon Today's Change (0.27%) $0.72 Current Price $264.86 ### Key Data Points Market Cap $2.8T Day's Range $262.53 - $268.85 52wk Range $196.00 - $278.56 Volume 55K Avg Vol 46M Gross Margin 50.60% A quick look at his Appaloosa hedge fund's portfolio shows that it's heavily weighted toward AI stocks. Amazon is one of the biggest AI stocks, with Amazon Web Services (AWS) continuing to claim the No. 1 share of the cloud services market. Amazon's Q1 sell-off stemmed primarily from the company's increased investment in expanding its AI infrastructure. Tepper possibly (and I'd bet probably) views these investments as shrewd strategic moves. He could have believed that the market was punishing Amazon unfairly for investing in growth. ## Who's about to look very smart? I don't blame Abel for wanting to do some housecleaning and selling several relatively small holdings in Berkshire's portfolio, of which Amazon was one. With Combs now at JPMorgan Chase, exiting the positions that he managed makes sense. However, I predict that Tepper will look very smart for doubling up on Amazon. Actually, he's probably already looking quite astute, assuming he bought on Amazon's pullback in February or March. The stock is up more than 20% since the end of Q1. Tepper's decision to dramatically increase his stake in Amazon could appear to be even more brilliant in retrospect as the company continues to monetize its AI infrastructure investments and expand into the satellite internet services market. ### Related Stocks - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [BRK.A.US](https://longbridge.com/en/quote/BRK.A.US.md) - [BRK.B.US](https://longbridge.com/en/quote/BRK.B.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) ## Related News & Research - [Inside Amazon: 12 employees describe life under layoffs, AI pressure, and 5-day RTO](https://longbridge.com/en/news/286667611.md) - [Berkshire invests in Delta, sheds several stocks including Amazon, UnitedHealth](https://longbridge.com/en/news/286613698.md) - [First Eagle Investment Management boosts Berkshire Hathaway B stake](https://longbridge.com/en/news/286349175.md) - [Buffett’s record cash reserve signals caution as he retires](https://longbridge.com/en/news/286493993.md) - [Coquina Private Wealth LLC Takes $3.10 Million Position in Amazon.com, Inc. $AMZN](https://longbridge.com/en/news/286731620.md)