Berkshire Hathaway begins post-Buffett era under Greg Abel
Money MovesAbel agrees to buy homebuilder Taylor Morrison for $8.5 billion and dumps 16 stocks in his first quarter as Berkshire CEO
May 15th, 2026: 13F filing reveals Abel's Q1 portfolio overhaulNew here? Follow stories to track developments over time. Create a free account to get updates when stories you care about change.
Overview
Updated Jun 1Greg Abel's first major move as Berkshire Hathaway's chief executive came May 31: a $8.5 billion agreement to buy homebuilder Taylor Morrison. The deal consolidates Berkshire's site-built housing operations into a single national platform, adding Taylor Morrison's 350 communities across 12 states.
His Q1 securities filing, released May 15, showed Abel selling 16 stocks—Visa, Mastercard, and UnitedHealth among them—while adding Delta Air Lines and increasing Alphabet by 224%. Berkshire's cash grew to $397 billion in Q1, up $24 billion from year-end 2025. The question Abel still faces: can he deploy the rest at the returns Buffett averaged.
Why it matters
Abel just placed his first big bet—$6.8 billion on a homebuilder. He still holds $397 billion in cash.
Questions about this story
Free account needed to ask — your question is kept and asked for you right after sign-up. Answers are public.
No questions yet — be the first to ask.
Key Indicators
Voices
Curated perspectives — historical figures and your fellow readers.
Play
Exploring all sides of a story is often best achieved with Play.
WHO SAID WHAT?
Can you match the quotes to the right people?
- points for each correct match.
- time bonus when you answer in under seconds.
- streak bonus once you hit correct in a row.
— Who said this?
Tip: press 1– to answer.
points — sign up to put that on the leaderboard.
Higher or Lower
A number from this story, against one from elsewhere in the news — guess which is bigger, then keep the chain going. 5 rounds, 3 strikes; a miss costs a strike and resets your streak.
Keyboard: ↓/L lower · ↑/H higher
0 points — sign up to put that on the leaderboard.
Timeline
Order five events from this story, oldest at top. Each in the right slot scores 1 — neighbours within one slot count too. Your previous result — green ✓ for exact slots, yellow ~ for off by one. Cards now in true chronological order.
Sign up to save your score and track a streak across stories.
Connections
Sixteen names from the news. Find the four hidden groups of four. Four mistakes max.
Sign up to keep a daily streak — a new puzzle lands every day.
Exit debate?
Your progress in this debate will be lost.
- 1 Two AI personas square off on this story.
- 2 You predict who'll win each round — correct picks earn XP.
- 3 One crossfire question is yours to fire. Pick it carefully.
Couldn't generate a topic
Select Your Champions
Choose one persona for each side of the debate
DEBATE TOPIC
Choose personas with different perspectives for a more dynamic debate.
Select debater for this side:
No debate personas available right now.
Select debater for this side:
No debate personas available right now.
Who's Got This Round?
Make your prediction before the referee scores
The referee scores both sides on
Round Results
Set the Crossfire
Pick the question both personas must answer in the final round
Debate Oracle! You called every round!
Sharp Instincts! You know your debaters!
The Coin Flip Strategist! Perfectly balanced!
The Contrarian! Bold predictions!
Inverse Genius! Try betting the opposite next time!
XP Breakdown
Prediction History
People Involved
Organizations Involved
Holding company owning BNSF Railway, Geico, Berkshire Hathaway Energy, and large equity stakes in companies including Apple, American Express, and Coca-Cola.
Scottsdale, Arizona-based homebuilder operating over 350 communities across 21 markets in 12 states. Sells homes under the Taylor Morrison and Esplanade brands and develops rentals under the Yardly brand.
Timeline
May 1965 May 2026
-
13F filing reveals Abel's Q1 portfolio overhaul
Latest Capital AllocationBerkshire's Q1 13F shows Abel sold 16 positions—including Visa, Mastercard, UnitedHealth, Domino's, and Amazon—while initiating a $2.6 billion stake in Delta Air Lines and a position in Macy's. Alphabet holdings increased by 224%.
-
Abel rules out Berkshire break-up at annual meeting
StatementAbel tells shareholders the conglomerate structure will stay intact, saying Berkshire sees it 'working without the bureaucracy and bloated costs.' He also discusses AI, saying Berkshire will be a 'builder of technology, rather than just a buyer.'
-
First annual meeting without Buffett at the podium
MeetingAbel hosts the Q&A in Omaha alongside Jain, BNSF CEO Katie Farmer, and reinsurance executive Adam Johnson; Buffett attends but does not take questions.
-
Q1 2026 earnings: cash climbs to $397 billion
EarningsBerkshire posts $11.35 billion in Q1 operating profit, up 18% year-over-year, slightly missing analyst expectations of $11.56 billion. Cash and equivalents rose to $397 billion, up from $373 billion at year-end 2025.
-
Abel restarts share buybacks
Capital AllocationResumes Berkshire's repurchase program after a long pause and discloses he will direct his entire 2026 after-tax salary into Class A shares.
-
Abel calls cash pile 'dry powder'
StatementIn his first shareholder letter, Abel frames the $373 billion cash position as opportunistic reserves rather than a retreat from deal-making.
-
Shares dip on first trading day of Abel era
MarketClass B shares decline modestly as investors digest the transition and begin assessing the size of any 'Buffett premium' embedded in the stock.
-
Abel becomes chief executive officer
TransitionGreg Abel formally takes the CEO role; Buffett moves to chairman emeritus, retaining a board seat but stepping back from operational decisions.
-
Buffett announces year-end retirement
SuccessionAt the 2025 annual meeting, Buffett surprises shareholders by announcing he will step down as CEO on December 31 and recommend Abel as his successor.
-
Berkshire crosses $1 trillion market cap
MilestoneBecomes the first non-technology U.S. company to reach a trillion-dollar valuation, underscoring the scale Abel will inherit.
-
Charlie Munger dies at 99
LeadershipBuffett's longtime partner and vice chairman dies, removing the second voice that had shaped Berkshire's culture and capital allocation since the 1970s.
-
Munger reveals Abel as designated successor
DisclosureCharlie Munger inadvertently identifies Abel as the next CEO at the annual meeting; Buffett confirms shortly after that the board has aligned on Abel.
-
Abel and Jain promoted to vice chairman
SuccessionBuffett elevates Greg Abel to oversee non-insurance operations and Ajit Jain to oversee insurance, the first formal narrowing of the succession field.
-
Buffett takes control of Berkshire Hathaway
OriginWarren Buffett buys controlling stake in the failing Massachusetts textile maker and begins redirecting its capital into insurance and other businesses.
Historical Context
3 moments from history that rhyme with this story — and how they unfolded.
Walmart succession from Sam Walton to David Glass (1988)
Sam Walton stepped down as Walmart's CEO in February 1988, handing the role to David Glass, a quiet operations executive who had been with the company since 1976. Walmart had about 1,200 stores and $16 billion in revenue at the transition.
Glass continued Walton's aggressive store-expansion model, doubling the footprint within a few years and accelerating the rollout of Supercenters.
Walmart became the world's largest retailer by 2002, by which point Glass had handed the role to Lee Scott. Glass was credited for preserving Walton's culture rather than reinventing it.
The closest behavioral match for Abel: a low-profile operator inheriting a founder-built empire and choosing continuity over reinvention. Walmart's experience suggests Abel's stated patience may be an underrated strategy rather than a lack of ambition.
GE succession from Jack Welch to Jeff Immelt (2001)
Jack Welch retired in September 2001 after 20 years building General Electric into a celebrated industrial-financial conglomerate worth roughly $400 billion at peak. Jeffrey Immelt inherited the model—and its hidden exposures in GE Capital—four days before the September 11 attacks.
The 9/11 insurance and aviation shocks immediately tested Immelt; GE's stock entered a long decline that the 2008 financial crisis deepened.
Immelt was forced out in 2017, and the company that had been America's most valuable was broken into three separate listed firms by 2024.
GE is the cautionary parallel: a celebrated conglomerate whose successor inherited both the architecture and the hidden risks. Abel's $373 billion cash position is a defensive moat—but also a target if it is deployed poorly or not at all.
Apple succession from Steve Jobs to Tim Cook (2011)
Steve Jobs resigned as Apple CEO in August 2011 and died that October. Tim Cook, the operations chief Jobs had groomed, took over a company many doubted could thrive without its founder's product instincts. Apple's market value was about $350 billion at the handoff.
The iPhone 4S launch went smoothly and Apple's revenue continued growing through 2012, easing immediate fears about Cook's product judgment.
Apple's market value passed $3 trillion under Cook as he leaned on operations, services revenue, and capital returns rather than founder-style product reveals.
Like Cook, Abel is an operations-first executive succeeding an iconic capital allocator. Apple's experience suggests that a different leadership style—if it fits the business—can extend rather than dilute a founder's company.
