Moving Past Buffett: Berkshire Successor Puts Stamp on Portfolio With $1.2 Billion Gain on Three New Stocks

Warren Buffett led Berkshire Hathaway (NYSE:BRK)(NYSE:BRK) for decades. The first quarter without Buffett as CEO saw successor Greg Abel make major changes and take three new positions. Those new stakes are doing quite well.

Greg Abel’s Q1 Bets Pay Off

In the first quarter, Abel took three new stakes, along with cutting many positions completely and lowering the size of other stakes in the investment portfolio.

The three new stocks added in the first quarter were:

• Alphabet Class C (NASDAQ:GOOG): 3,585,215 shares
• Macy’s Inc (NYSE:M): 3,038,355 shares
• Delta Air Lines (NYSE:DAL): 39,809,456 shares

Here’s a look at how much those stakes are worth and how much they’ve gained since the end of the first quarter based on closing prices on March 31, 2026 and the prices on Aug. 11, 2026:

• GOOG: $1,233,062,994.95, up $205,217,706.60
• M: $74,743,533.00, up $20,205,060.75
• DAL: $3,606,736,713.60, up $973,739,293.76

In total, the three positions are up nearly $1.2 billion in less than five months from the end of the first quarter.

What’s Next for Berkshire Hathaway

The conglomerate recently reported second-quarter financial results with net earnings more than doubling.

The quarterly report unveiled a bigger bet on Alphabet, an acquisition, and putting some of the large cash pile to work.

This means investors may be anticipating the company’s second-quarter 13F even more than they were. That filing is due on Friday and will show if Abel and company made any new investments in the second quarter, added to existing stakes, decreased sizes of existing stakes and/or exited any positions completely.

Based on the quarterly results, the investment portfolio either added to positions, bought new stakes, or a combination of both. It’s possible that positions were also decreased or cut, based on the first-quarter filing that showed major shake-ups for long-held positions.

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