Greg Abel's portfolio moves as Berkshire CEO

PARAGRAPH 1 --- Berkshire Hathaway, under new CEO Greg Abel, ended its 14-quarter streak of net stock sales in Q2 2022, purchasing approximately $19.8 billion more in equities than were sold. Notably, Abel bought $10 billion in Alphabet (GOOGL) and $4.5 billion in Paramount Global (PARA), Warren Buffett's favorite stock in five years. Abel also sold $8.1 billion in stocks in Q1, exiting 15 Buffett-era positions, and increased Berkshire's cash position.

PARAGRAPH 2 --- The tech sector, particularly Alphabet, and media companies like Paramount Global, have seen increased interest from Berkshire. Abel's purchases signal a shift in Berkshire's investment strategy, potentially indicating a more aggressive approach to deploying capital. This could lead to a repricing of these stocks and increased scrutiny on other tech and media companies in Berkshire's portfolio.

PARAGRAPH 3 --- Next, investors should watch for Berkshire's 13F filing in mid-August, which will provide more details on Abel's stock purchases beyond Alphabet and Paramount. Additionally, Berkshire's Q3 earnings report in late October will offer insights into Abel's operational strategy and the performance of Berkshire's businesses. These catalysts will help clarify Abel's investment thesis and the potential market impact.