What Is the Plan for Berkshire Hathaway's $300 Billion Equity Portfolio Following Warren Buffett's Retirement?

• Warren Buffett officially retired from the CEO relation astatine Berkshire Hathaway arsenic of Jan. 1.

• Greg Abel has assumed CEO duties but volition astir apt ore connected the operating businesses.

• Given Todd Combs' unexpected caller departure, it's apt that Ted Wechsler volition tally the $300 cardinal equity portfolio, on with a immense magnitude of currency acceptable to deploy.

• 10 stocks we similar amended than Berkshire Hathaway ›

2025 marked the extremity of an epoch for Warren Buffett's conglomerate, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). As of 2026, Buffett has officially stepped down arsenic CEO of Berkshire and the day-to-day activities associated with the job.

New CEO Greg Abel volition win Buffett successful starring the company. However, Abel came up done 1 of Berkshire's operating businesses, MidAmerican Energy, which Berkshire purchased successful 1999. That means Abel volition astir apt beryllium focused connected Berkshire's varied wholly owned businesses crossed insurance, utility, retail, and concern businesses.

So who's apt to beryllium moving Berkshire's $300 cardinal nationalist banal portfolio?

In conjunction with Buffett's retirement, Berkshire besides announced that Todd Combs, whom Buffett had hired successful 2010 to tally portion of Berkshire's equity portfolio, would beryllium leaving to tally the caller Strategic Investment Group astatine JPMorgan Chase (NYSE: JPM), overseeing the bank's nonstop equity investments successful the defense, aerospace, healthcare, and vigor sectors deemed captious to nationalist security.

Combs had been hired, on with Ted Wechsler, successful the 2010s, to negociate portion of Berkshire's equity portfolio, adjacent arsenic Buffett controlled astir nationalist investments. Therefore, it was presumed that 1 oregon some would instrumentality implicit work for Berkshire's nationalist marketplace investments erstwhile Buffett retired. However, since Combs is present moving connected to JPMorgan, Wechsler is apt to go the sole portfolio manager for Berkshire's $300 cardinal equity portfolio.

While the Berkshire Hathaway portfolio totals astir $300 cardinal today, Wechsler volition person importantly much wealth than that to perchance invest. As of the extremity of the 3rd quarter, Berkshire had a currency and short-term Treasury heap of astir $377.4 billion, exceeding the full magnitude invested successful communal stocks.

Buffett has been selling down immoderate of Berkshire's largest equity positions arsenic markets person climbed, astir notably Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC). Berkshire's Apple involvement was erstwhile worthy astir $200 billion. Today, it is valued astatine astir $60 cardinal contempt the stock's continued appreciation. That's due to the fact that since the 3rd 4th of 2023, Buffett has reduced Berkshire's involvement successful the iPhone elephantine by 74%. Despite that, Apple remains Berkshire's largest nationalist equity holding, astatine 22.3% of the portfolio.