BRK.B: Greg Abel Trims CVX Stake, Adds GOOGL in First Portfolio Moves
What happened
Greg Abel, who succeeded Warren Buffett as Berkshire Hathaway's chief capital allocator, made his initial portfolio decisions public, reducing the conglomerate's position in Chevron while initiating or expanding a stake in Alphabet. The Chevron reduction marks a notable departure from a holding Buffett had long championed. The Alphabet addition marks a move into large-cap technology, a sector Berkshire had underweighted outside of its Apple position. Position sizing was detailed in the underlying regulatory filings.
The QL Read
With market breadth running at 71% advancing and BRK.B's composite signal at 59/100 — a modestly constructive reading — Abel's sector rotation out of energy into mega-cap tech arrives into a broadly supportive tape, though the signal leaves meaningful room before reaching high-conviction territory.