Greg Abel Just Plowed $4.2 Billion Into Warren Buffett's All-Time Favorite Stock

Warren Buffett served arsenic main enforcement serviceman of the Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) holding institution from 1965 to 2025. He turned it into a $1 trillion conglomerate with galore wholly owned subsidiaries, a $350 cardinal banal portfolio, and implicit $300 cardinal successful cash.

That's a pugnacious enactment to travel for Buffett's chosen successor, Greg Abel, who took the reins astatine the opening of 2026. But during the 2nd quarter, ended June 30, helium plowed $4.2 cardinal into Buffett's all-time favourite stock, which should beryllium a precise fashionable determination with Berkshire's shareholders. Read on.

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Berkshire produced unthinkable returns during Buffett's tenure

Buffett acquired a controlling involvement successful Berkshire Hathaway successful 1965, erstwhile it was a struggling textiles company. He rapidly realized its halfway concern wasn't viable, truthful helium converted it into a holding conveyance for his assorted investments.

Berkshire has acquired stakes successful galore antithetic companies since then, targeting those with dependable growth, reliable profits, and beardown absorption teams. But supra each else, Buffett often favored companies that consistently returned wealth to shareholders done dividends and banal buybacks, due to the fact that they compounded Berkshire's returns overmuch faster.

Perhaps 1 of the champion examples is Coca-Cola; Buffett acquired 400 cardinal shares successful the beverage elephantine for $1.3 cardinal betwixt 1988 and 1994, and Berkshire inactive holds each of them today. The shares are present worthy $34 cardinal and volition wage Berkshire $848 cardinal successful dividends during 2026 alone. American Express is different dividend powerhouse Berkshire has owned for decades.

But past there's Apple. Buffett invested a whopping $38 cardinal successful the iPhone shaper betwixt 2016 and 2023, and heading into 2024, the presumption was worthy implicit $170 cardinal and accounted for fractional the worth of the conglomerate's full banal portfolio. Berkshire coiled up selling astir 75% of its Apple involvement by the extremity of 2025 to currency successful immoderate of its gains and trim attraction risk.

Occasionally, Buffett liked to get full companies that Berkshire would negociate privately. He bought galore security companies, logistics companies, utilities, and adjacent user brands, and they proceed to supply a important magnitude of currency travel that funds Berkshire's different investments.