Warren Buffett Successor Greg Abel Made 3 Big Purchases Last Quarter, and They're All Exceptional Performers

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Adam Levy, The Motley Fool

Sat, May 30, 2026 astatine 4:50 PM CDT 6 min read

Greg Abel has immoderate large shoes to capable astatine Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB). As the caller CEO, he's successful complaint of the company's monolithic portfolio of marketable equities. He's besides liable for identifying caller opportunities to get wholly owned subsidiaries for Berkshire and for creating strategical partnerships. Not to notation ensuring the existent radical of operating businesses stays connected track.

Greg Abel astir apt won't beryllium capable to replicate the occurrence of Warren Buffett. Buffett himself would astir apt conflict to lucifer his ain way record. But Abel made 3 large moves astatine Berkshire successful his archetypal quarter, deploying billions successful capital, and they've each been large successes truthful far.

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Here are the 3 investments that acceptable Abel disconnected connected the close ft arsenic CEO.

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1. Oxychem

Berkshire Hathaway agreed to get Oxychem from Occidental Petroleum (NYSE: OXY) past October erstwhile Buffett was inactive CEO, but the woody didn't adjacent until January. Greg Abel was instrumental successful negotiating the woody successful which Berkshire paid Occidental $9.7 cardinal successful currency for its chemicals business.

The woody was a occurrence from the start. Abel and Buffett agreed to get the institution erstwhile the chemic manufacture was adjacent the bottommost of an net cycle. It paid an estimated 8 times OxyChem's 2025 EBITDA. That was astir successful enactment with different chemic stocks similar Eastman Chemical and Dow astatine the time.

Both comparables person seen their valuation multiples grow successful 2026 amid the ongoing struggle successful Iran. With the Strait of Hormuz closed, planetary commodity proviso chains person been disrupted, giving American chemic producers important pricing power. OxyChem could besides payment from its planned modernization efforts for its facilities, improving currency travel and net connected apical of the pricing improvements.

Berkshire has precise apt seen fantabulous operating results from OxyChem successful its archetypal 4th nether the conglomerate's umbrella. The cherry connected apical of the woody is that Berkshire was capable to clasp its preferred shares of Occidental Petroleum, continuing to person an 8% dividend connected astir $8.3 billion.

2. Tokio Marine

Abel made a smart, palmy concern portion bolstering and expanding its halfway security concern by striking a strategical concern successful Tokio Marine (OTC: TKOMY). Berkshire paid $1.8 cardinal for a 2.5% involvement successful the Japanese insurer and received support to summation its involvement to 9.9% by buying shares connected the unfastened market. Additionally, the 2 agreed to a quota-share statement nether which Berkshire subsidiary National Indemnity absorbs immoderate of Tokio Marine's security risk. That could nutrient further upside to the investment, assuming bully underwriting.

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