New CEO Greg Abel wasted no time making his mark at Berkshire Hathaway, significantly reshaping the conglomerate's tech portfolio in his first quarter at the helm. The Omaha-based firm increased its stake in Alphabet Inc., adding 36.4 million shares while simultaneously exiting its investment in Amazon.com just months after acquiring the stock.

Berkshire's holding in Google's parent company now stands at $15.6 billion, representing a substantial commitment to the search giant as Abel establishes his investment strategy. The firm's decision to divest Amazon comes despite the e-commerce company's strong performance in recent quarters, suggesting a strategic shift under new leadership away from Buffett's traditional approach.

The moves signal a potential departure from Warren Buffett's traditional approach, with Abel showing a preference for Alphabet over Amazon. Investors will watch whether these tech bets reflect the conglomerate's future direction or represent tactical adjustments in a rapidly evolving digital marketplace where Berkshire seeks to maintain its competitive edge.