Warren Buffett's Successor, Greg Abel, Dumped Amazon Earlier This Year and Has Begun Piling Into a Hot Tech IPO

Greg Abel, Warren Buffett's successor as Berkshire Hathaway CEO, has reshaped the portfolio he inherited, selling Amazon (AMZN) after triple-digit gains and committing roughly $930 million to Bending Spoons across two investments. The moves tie Berkshire (BRK.A, BRK.B) to a tech-driven M&A platform and mark a visible break from the Buffett-era playbook.

The trade: Abel exited AMZN after the position delivered triple-digit returns. That is a profit-taking decision on a winner, not a loss-cutting one. He then redeployed capital into Bending Spoons, a tech-driven M&A platform, in two separate tranches totaling about $930 million.

Interpretation: Two investments in the same name, rather than a single purchase, suggest Abel is building a position deliberately. The framing in coverage is that he is leaning into AI and technology, and a roughly $930 million commitment is large enough to read as conviction rather than a probe. The AMZN sale does not by itself signal a bearish view on the stock; it reflects a decision to realize gains.

For the Alphabet share classes in the canonical set (GOOG, GOOGL, GOOGM, GOOGN) and BSP, the supplied evidence contains no Berkshire position change, so no read-through should be assumed.