Billionaire CEO Warren Buffett announced his retirement from the CEO role at Berkshire Hathaway, handing over to Greg Abel, but this doesn’t mean he’s done making moves. The company’s $312 billion investment portfolio is still under review.
Buffett has been selling Bank of America (BAC) stock since mid-2024, reducing his stake by 45% in just five quarters. This comes after the stock more than tripled over the trailing decade and despite historically low corporate income tax rates being expected to rise in the future. Buffett is known for his patience but has become cautious with Bank of America.
However, he has made a significant investment in Alphabet (GOOGL), purchasing $4.3 billion worth of shares in its Class A stock during the third quarter. This move highlights Berkshire’s confidence in Alphabet’s dominant position in internet search and growing cloud infrastructure segment. With cash reserves of $98.5 billion and an impressive growth rate, Alphabet appears to be a lucrative investment opportunity for Buffett.
Despite his selling streak, Buffett has found gems like Alphabet that have soared close to 13,000% since its IPO. The purchase showcases Berkshire’s ability to adapt to changing market conditions while maintaining a focus on long-term growth opportunities. As Warren Buffett retires and passes the torch, it remains to be seen how Berkshire Hathaway will navigate the future of its investment portfolio.
Source: https://www.fool.com/investing/2025/12/01/billionaire-warren-buffett-sold-45-berkshire-bofa