8-K filing — AMERICAN EXPRESS CO (AXP)

Warren Buffett's Successor, Greg Abel, Has Over 45% of Berkshire Hathaway's $356 Billion Portfolio Invested in 3 Undeniable Winners

Greg Abel, Warren Buffett's successor as CEO of Berkshire Hathaway, has maintained the company's portfolio concentration strategy with over 45% ($160.6 billion) of invested assets in three major holdings: Apple ($76.73 billion), American Express ($46.72 billion), and Alphabet ($37.17 billion). While Buffett sold 75% of Apple before retirement, Abel views it as a long-term compounder. Abel has significantly increased Berkshire's Alphabet stake, tripling it in Q1 and adding $17 billion in Q2, attracted by Google's search dominance and AI ambitions in Google Cloud.

American Express Prelim U.S. Consumer Card 30 Days Past Due Rate 1.2% As Of Sept 30, 2026; Prelim U.S. Consumer Card Net Write-Off Rate (Principal Only) 1.5% As Of Sept 30, 2026; Prelim U.S. Small Business Card Net Write-Off Rate (Principal Only) 2.1% As Of Sept 30, 2026; Prelim U.S. Small Business Card 30 Days Past Due As A % Of Total 1.4% As Of Sept 30, 2026

History Says Berkshire Hathaway Stock Holds Up When the Market Falls: It Beat the S&P 500 in 11 of 13 Down Years

Berkshire Hathaway has outperformed the S&P 500 in 11 of 13 down market years since 1965, demonstrating resilience during market downturns. The company's diversified business portfolio, substantial cash reserves ($365.5 billion), and disciplined investment approach provide protection against market volatility, though it has underperformed in 2026 with only 3% gains versus the S&P 500's 14% rise.