Greg Abel became the successor to Warren Buffett when he took over the famous investment firm Berkshire Hathaway in January 2026. Although he doesn’t publish stock tips, Berkshire Hathaway’s latest portfolio filing is the next best thing. It names every US stock the company held on June 30.

The list holds a surprise. Most of Abel’s top picks are not really his. They are Warren Buffett’s, and Abel has barely touched them.

Greg Abel’s Top US Stock Picks by Size

Big investors file a form called a 13F four times a year. It lists the US shares they owned at the end of each quarter. Berkshire filed its latest one on August 14.

The portfolio came to $299.25 billion. Just three companies hold more than half of it.

Four of those five are Buffett positions. Abel has left three of them alone and is selling the fourth.

His own ideas start much further down. Delta Air Lines and Macy’s were his first buys. Housing is his other theme. All of it together is worth less than 3% of the portfolio.

He is still spending. Berkshire bought $23.5 billion of stock and sold $3.7 billion. That net $19.8 billion ended 14 straight quarters of selling.

The cash barely moved. Berkshire’s record cash pile still sat near $365.5 billion at the end of June.

Alphabet is the Standout Pick

Alphabet is the one large pick Abel can claim a share of. Berkshire added about 48 million shares last quarter. It now holds roughly 106 million.

A $10 billion private placement in June did much of the work. Alphabet is raising $80 billion to build artificial intelligence (AI) computing power. An earlier company report had flagged billions in unnamed stock purchases, which this filing names.

The price helped too. Alphabet traded below 17 times forward earnings, the cheapest of the big US tech names.

Buffett says the idea was his, not his successor’s. He told CNBC in July that the two men work as a pair.

“I am not doing anything that he doesn’t approve of. He’s not doing anything I don’t approve of. We talk all the time, but he is the decider,” Warren Buffett, Berkshire Hathaway chairman, said.

He has regretted missing Google for years. In 2017, he told shareholders he “blew it.” He now argues Alphabet can beat most Wall Street stock picks.

Not everyone agrees. Michael Burry, who shorted the 2008 housing market, says Abel lacks Buffett’s valuation discipline.

The Housing Bet is Abel’s Own

Housing is where Abel has left the clearest mark. Berkshire now holds four housing stocks.

• Lennar is the biggest at $1.2 billion.
• Louisiana-Pacific, which makes siding and wood panels, comes to $446 million.
• NVR holds $75.7 million.
• The new D.R. Horton stake is tiny at $580,504.

None of this is fresh ground. Berkshire bought D.R. Horton, Lennar and NVR together back in 2023, then sold the Horton shares last year. Abel has bought them back.

The real money went private. Berkshire paid $6.8 billion in cash for homebuilder Taylor Morrison in July. It has owned Clayton Homes, a major US maker of manufactured homes, since 2003.

Add it up, and Berkshire now builds homes, finances them, and makes the materials.

Delta Undoes a 2020 Retreat

Delta is the sharpest break with the past. Berkshire added 17.5 million shares last quarter, a 44% increase. The stake is now 57.3 million shares worth $5.4 billion.

Buffett owned four US airlines before the pandemic. He sold every one of them in April 2020 and told shareholders he had been wrong. He had called the industry “a bottomless pit” in 2007.

Abel started rebuilding in his first quarter as chief executive. He has added again in his second.

Where Abel Took Money Off the Table

The selling was smaller but pointed. Berkshire cut its stake in Capital One by 58% and sold its entire stake in Constellation Brands.

Bank of America saw the steadiest retreat. Abel sold 30.23 million shares, an eighth straight quarter of trimming. The stake is down 53% from its peak.

Price explains it. Buffett put $5 billion into the bank in 2011 to steady it. The stock then traded 62% below book value. It now trades 64% above it.

Visa, Mastercard, Amazon, and UnitedHealth were cleared out earlier this year. Concentration is the plan, and Abel has said so plainly.

“A large portion of our portfolio is concentrated in a small number of American companies such as Apple, American Express, Coca-Cola, and Moody’s … This concentrated approach will continue,” the Berkshire Hathaway chief executive noted.

One caveat belongs on any list like this. A 13F lands up to 45 days late. It leaves out cash, foreign holdings, and the businesses Berkshire owns outright. Abel’s next filing is due in November.

Source: BeInCrypto