PANews reported on May 2nd that, according to Jinshi News, newly appointed CEO Greg Abel presided over Berkshire Hathaway's annual shareholders meeting. Warren Buffett attended the meeting and was seated in the audience.

Under the leadership of new CEO Greg Abel, Berkshire Hathaway continued to sell shares in the first quarter, increasing its cash reserves to $397 billion. Meanwhile, the company did not use its vast cash reserves to invest in volatile markets. Its cash reserves have been a focus of investor attention as the company has been reducing its stock holdings for more than three consecutive years. Berkshire disclosed that it sold $24 billion worth of shares while buying $15.9 billion worth, extending its record of net selling for the 14th consecutive quarter. This is Berkshire's largest quarterly stock sale from its $288 billion stock portfolio since 2024. In 2024, the company significantly reduced its holdings in Apple.