Post-Warren Buffett era pa Berkshire Hathaway (NYSE: BRK) is getting underway as the company unveils its first quarterly earnings report with Chief Executive Officer Greg Abel.
Buffett will step down as CEO at the end of 2025 after leading Berkshire for six decades, handing the reins to Abel, a former executive who oversaw Berkshire Hathaway Energy.
Even Warren Buffett is still the chairman and continues to be a consultant, Berkshire’s latest form. 13F delivery it provides a clear indication of the company’s financial performance.
The filing, released May 15 for the quarter ended March 31, showed that Berkshire’s revenue stood at about $263 billion, down from about $274 billion in the previous quarter. Despite this change, the work remains very stable, with the top 10 accounting for more than 90% of all products.
Popular Berkshire stock is trending
apple (NASDAQ: Image of AAPL) retained its position as Berkshire’s largest holding, representing approximately 22% of the portfolio. Other major positions include American Express (NYSE: AXPCoca-Cola (NYSE: IS), and Bank of America (NYSE: BAC).
In a notable move, the company significantly increased its stake in Alphabet (NASDAQ: GOOGLE), adding 36.4 million shares of Group A and 3.6 million shares of Group C, increasing the weight of the stock by 4.37 percent. Berkshire also added 10.1 million shares of The New York Times Company and expanded its Lennar holdings by purchasing 3 million Class A shares and 56,723 Class B shares.
At the same time, Berkshire returned to the airline sector by acquiring 39.8 million shares of Delta Air Lines (NYSE: DAL ) and also started a new position in Macy’s (NYSE: M ) with 3 million shares.
On the sales side, Berkshire reduced its holdings Chevron (NYSE: CVX) with 45.8 million shares, a 35.17% cut, and also reduced positions in Nucor, DaVita, Liberty Media, and Bank of America.
The conglomerate had several exits moneyincluding Visa, Mastercard, UnitedHealth, Domino’s PizzaAon, Pool Corporation, AmazonCharter Communications, and Diageo.
Berkshire sold 8.3 million shares of Visa, 4 million shares of Mastercard, 5 million shares of UnitedHealth, and 2.3 million shares of Amazon.
In addition, the company continues to have approximately $397 billion in cash, which gives the company great flexibility in terms of buybacks or acquisitions.
Berkshire Stock Post-Buffett
After Buffett’s retirement announcement, Berkshire shares have struggled to keep up with the broader market.
Sales have been declining The value of the S&P500 and about 10 percent points among the worries that the company will no longer command the so-called “Buffett premium” that investors historically stock.
Some analysts believe that Berkshire’s valuation is now close to its value, and the stock trades at about 1.4 times its value.
Investors are also looking at Abel’s approach to dividing money between high income opportunities and high investment prices.
