The Motley Fool
05 Jun 2026, 06:15 UTC · 4h ago
Warren Buffett's Successor, Greg Abel, Dumped Amazon and Bought 3 Million Shares of This Undervalued Stock
The Motley Fool
05 Jun 2026, 06:15 UTC · 4h ago
Story key points
3 claims · impact-rated
Berkshire Hathaway purchased approximately three million shares of Macy's during the first quarter. — Investment by a high-profile conglomerate like Berkshire often serves as a strong bullish signal and a catalyst for other investors to enter a struggling stock.
+0.60Berkshire Hathaway exited its position in Amazon. — While the holding was small, the departure of a major long-term institutional holder can create slight downward pressure or signal a change in valuation outlook.
-0.30Greg Abel has officially taken over as CEO of Berkshire Hathaway from Warren Buffett. — A leadership transition at the world's largest conglomerate is material, but since Abel was the expected successor, the market has largely priced this in.
+0.10Ticker attribution
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Described as a leader in e-commerce and cloud computing with attractive long-term prospects and a wide moat.
Mentioned as the largest holding of Berkshire Hathaway, implying continued confidence in the stock.
While facing long-term headwinds, the company is showing progress in turnaround efforts and received investment from Berkshire Hathaway.
Mentioned only as the employer of a former Berkshire Hathaway manager.
The article discusses the company's portfolio adjustments under new leadership without a clear positive or negative bias.
[b_to_a] Apple is Berkshire Hathaway's largest holding.
[mutual] Macy's faces competition from online stores and a shift to e-commerce led by companies like Amazon.
[b_to_a] Berkshire Hathaway bought approximately three million shares of Macy's.
[b_to_a] Berkshire Hathaway previously held a position in Amazon before selling.
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