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Greg Abel
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- 1Greg Abel Ends Berkshire's Long Streak of Net Stock Sales▼Greg Abel Just Broke Berkshire's 14-Quarter Streak of Net Stock Sales, Buying a Net $20 Billion Last Quarter. What That Reversal Means for Berkshire's Portfolio.
Greg Abel has broken Berkshire Hathaway's 14-quarter streak of net stock sales, reportedly buying a net $20 billion of equities last quarter. The reversal marks a sharp shift in the company's investing posture under its new leadership and is drawing attention to how Abel will deploy Berkshire's cash pile compared with Warren Buffett's long-running caution.
- 2Berkshire executives buy 2.7 million more Lennar shares▼If Berkshire's $2.1 Billion Bet Is Right, You'll Probably Wish You Bought This Unloved Housing Stock. Abel and Weschler Just Bought Another 2.7 Million Shares Of Lennar.
Berkshire Hathaway's Greg Abel and Todd Weschler have purchased an additional 2.7 million shares of homebuilder Lennar, part of a roughly $2.1 billion position in the housing stock. The buying has drawn attention because Lennar has been out of favor amid a soft housing market, and Berkshire's investment is being read as a bet that homebuilder shares are undervalued and poised to recover.