Warren Buffett's Successor, Greg Abel, Started His Tenure With a Bang by Dumping Domino's and Making a Virtual Monopoly Berkshire's New No. 5 Holding

Greg Abel has begun restructuring Berkshire Hathaway's $332 billion equity portfolio in his first moves as CEO, exiting 16 positions including Domino's Pizza while elevating Alphabet to a top-five holding worth over $29 billion.

The shakeup marks Abel's most significant portfolio overhaul since taking the helm from Warren Buffett. Berkshire eliminated its entire DPZ stake, which had been a relatively minor position. Meanwhile, the firm substantially increased its GOOGL holdings, betting on the company's search engine dominance and artificial intelligence capabilities to drive returns.

Alphabet now ranks among Berkshire's five largest equity investments, joining Apple, Bank of America, American Express, and Coca-Cola in the portfolio's upper tier. The $29 billion position represents roughly 8.7% of the total equity holdings.

Abel's moves signal a shift toward technology exposure and away from smaller consumer-facing positions. The CEO inherited a portfolio heavily weighted toward financials and consumer staples, sectors Buffett favored for decades.