Trending Now - Greg Abel Kicks Off Berkshire Era With $8.5B Housing Investment

WHO:

Fortune - Greg Abel is the new CEO of Berkshire Hathaway.

Fortune - Warren Buffett is the chairman of Berkshire Hathaway.

The Motley Fool - Warren Buffett is referred to as the "Oracle of Omaha."

WHAT:

Fortune - Berkshire Hathaway is acquiring Taylor Morrison Home Corp. for $8.5 billion, or $72.50 a share in cash.

The Motley Fool - Greg Abel exited 16 positions, including selling all 2,276,000 shares of Amazon.

The Motley Fool - Berkshire Hathaway more than tripled its stake in Alphabet, acquiring 36,403,656 Class A shares and 3,585,215 Class C shares.

WHERE:

Fortune - Taylor Morrison Home Corp. is identified as the country’s sixth-largest homebuilder.

WHEN:

Fortune - Greg Abel became CEO of Berkshire Hathaway on January 1.

The Motley Fool - Warren Buffett is set to retire from the CEO role on December 31.

WHY:

Fortune - The acquisition of Taylor Morrison is part of Berkshire's strategy to utilize its cash pile, which has swelled to $400 billion.

The Motley Fool - Abel's decision to sell Amazon was likely motivated by a desire to lock in profits and focus on value investments.

HOW:

Fortune - Berkshire is paying about 0.9 times Taylor Morrison’s tangible book value for the acquisition.

The Motley Fool - Abel's strategy involved exiting positions and concentrating assets in companies with sustainable moats, such as Alphabet.

(UPDATED June 2, 2026 06:31 UTC)

Greg Abel has officially taken the helm as CEO of Berkshire Hathaway, succeeding Warren Buffett, who remains the chairman and is famously known as the "Oracle of Omaha." In a significant move, Berkshire Hathaway is set to acquire Taylor Morrison Home Corp., the sixth-largest homebuilder in the country, for $8.5 billion, translating to $72.50 a share in cash, as part of its strategy to leverage a cash pile of $400 billion. Additionally, Abel has made headlines by selling all shares of Amazon and significantly increasing Berkshire's investment in Alphabet, reflecting a focus on companies with sustainable competitive advantages.