Warren Buffett's Successor, Greg Abel, Started His Tenure With a Bang by Slashing Berkshire's Chevron Stake and Making a Virtual Monopoly the New No. 5 Holding

But Berkshire's new boss also found the new apple of his eye in Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG). Abel slashed Berkshire's Chevron stake by 35%Chevron has been a continuous holding for Berkshire for nearly six years. Simple profit-taking is one possible reason Abel slashed Berkshire's stake in Chevron by 35% to begin the year. Between the start of 2026 and the end of the first quarter, Chevron's shares rallied from $152 to $207. These purchases more than tripled Berkshire's stake in Google's parent company.