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Warren Buffett retires as Berkshire Hathaway CEO; Greg Abel trims portfolio and buys Taylor Morrison.

Market News
15 Jun 2026
24/7 Wall Street
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Bullish
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Warren Buffett stepped down as CEO of Berkshire Hathaway on December 31, 2025, after 60 years, passing leadership to Greg Abel. Abel quickly reduced the portfolio from 42 to 26 stocks and made a major acquisition by buying homebuilder Taylor Morrison for $6.8 billion. Despite stepping down as CEO, Buffett remains chairman and plans to stay involved but silent. The portfolio remains heavily concentrated, with four stocks—American Express, Apple, Bank of America, and Coca-Cola—making up over half of the holdings, reflecting Buffett's long-term investment style.

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