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Corporate Score 55 Bearish

New Era at Berkshire Hathaway: Greg Abel May Pivot Away from Bank of America

Apr 28, 2026 08:26 UTC
BRK.A, BRK.B, BAC, AAPL, KO, AXP
Medium term

Following Warren Buffett's retirement as CEO, evidence suggests successor Greg Abel may reduce Berkshire Hathaway's exposure to Bank of America. The shift comes as Abel defines his own 'forever' holdings in his first communication to shareholders.

  • Greg Abel assumed CEO duties on January 1 following Buffett's retirement
  • Bank of America omitted from 'indefinite' holding lists in shareholder letters
  • Apple and Moody's added to the list of long-term compounders by Abel
  • Buffett engaged in a six-quarter selling streak of BAC before stepping down
  • Core 'forever' holdings remain Coca-Cola, Amex, and Occidental Petroleum

Greg Abel has officially taken the helm of Berkshire Hathaway following the retirement of Warren Buffett on December 31. While Abel shares Buffett's commitment to value investing and a focus on strong management teams, early indicators suggest a strategic shift in the conglomerate's massive equity portfolio. The primary point of contention is the future of Bank of America (BAC), formerly one of Berkshire's largest holdings. Unlike other core positions, BAC was conspicuously absent from the lists of 'indefinite' holdings provided in recent shareholder communications from both the former and current CEO. Buffett previously identified Coca-Cola, American Express, and Occidental Petroleum, along with five Japanese trading houses, as permanent fixtures. Abel has since expanded this 'compounder' list to include Apple and Moody's. The omission of Bank of America suggests it is no longer viewed as a long-term cornerstone of the portfolio. This potential exit is supported by historical data; Buffett reportedly sold BAC shares for six consecutive quarters prior to his retirement. As Abel assumes full control over day-to-day operations and investment decisions, the market will be closely watching upcoming 13F filings for confirmation of a full exit from the banking giant.

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