Move Over, Coca-Cola: Warren Buffett's Successor, Greg Abel, Has a New No. 3 Holding at Berkshire Hathaway

The article says Berkshire Hathaway’s new CEO Greg Abel has rapidly reshaped the company’s $336 billion equity portfolio, with Alphabet becoming its No. 3 holding and surpassing Coca-Cola. Berkshire more than tripled its Alphabet Class A stake in Q1 by buying 36.4 million shares and also opened a new Class C position with 3.6 million shares. In early June, Alphabet’s $80 billion equity offering was later raised to $84.75 billion, and Berkshire agreed to buy $10 billion in a private placement, split evenly between GOOGL and GOOG. The piece frames this as a major signal that Abel is more willing than Buffett to lean into tech and AI, while noting Coca-Cola remains an important long-term holding with a roughly 65% yield on cost. Marketly, the story is bullish for Alphabet and suggests continued institutional confidence in large-cap AI and cloud leaders.