Apple Inc.Abel trimmed the Apple stake, reducing Berkshire's position.
Berkshire Hathaway CEO Greg Abel has left the conglomerate's energy investments largely untouched while reshaping other parts of the stock portfolio, a move seen as a signal of long-term confidence in the sector. Abel trimmed the Apple stake, built a position in Alphabet, and closed out more than a dozen smaller holdings, but Chevron remains a top-five holding at roughly 7% of the equity portfolio and the large Occidental Petroleum stake has not been trimmed. The company also completed the purchase of Occidental's OxyChem business earlier this year, and wholly owned utility giant Berkshire Hathaway Energy, which Abel himself built, has been kept intact. Abel has noted that roughly half of Berkshire Hathaway Energy's businesses now serve AI-related power needs, suggesting the energy bets are a deliberate wager on surging electricity demand driven by artificial intelligence.
Apple Inc.Abel trimmed the Apple stake, reducing Berkshire's position.
Alphabet Inc Class CBerkshire built a position in Alphabet, indicating a positive view.
Berkshire Hathaway IncCEO Abel's actions signal confidence in energy holdings, including Berkshire Hathaway Energy.
Chevron CorpChevron remains a top holding, with energy demand driven by AI power needs.
Occidental Petroleum CorporationOccidental stake untrimmed and OxyChem purchase completed, with AI-driven power demand.