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Warren Buffett's Successor Greg Abel Spent $4.5 Billion Buying 1 Stock Last Quarter, and He Spent At Least $3.3 Billion Buying More This Quarter

The Motley Fool·
Warren Buffett's Successor Greg Abel Spent $4.5 Billion Buying 1 Stock Last Quarter, and He Spent At Least $3.3 Billion Buying More This Quarter

Greg Abel, Warren Buffett's successor as CEO of Berkshire Hathaway, has ended two notable investment streaks. He broke Buffett's 13-quarter net stock-selling streak by purchasing $23.5 billion in equities last quarter, with Alphabet being the largest purchase at $4.5 billion. Additionally, Abel resumed share buybacks after a six-quarter hiatus, spending $4.5 billion in the second quarter and at least $3.3 billion more in July, signaling management's belief that Berkshire stock is undervalued.

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