Berkshire Hathaway Annual Meeting 2026: Greg Abel Takes Center Stage

The first annual shareholder meeting of Berkshire Hathaway under CEO Greg Abel takes place today, May 2, 2026, in Omaha. The 63-year-old Canadian, who officially succeeded Warren Buffett on January 1, 2026, presents quarterly earnings for the first time as chief executive and provides insight into his strategic direction. The all-day event runs from 07:00 a.m. to 4:00 p.m. CDT (Central Daylight Time).

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Who is Greg Abel?

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Gregory Edward Abel, born June 1, 1962, in Edmonton, Alberta, is a Canadian businessman and chartered accountant. He previously served on the board of directors at Berkshire Hathaway and assumed the position of Chief Executive Officer at the start of 2026, succeeding Warren Buffett, who guided the conglomerate for decades as the "Oracle of Omaha." This first shareholder meeting under Abel's leadership is considered a turning point in Berkshire Hathaway's history.

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Portfolio Changes on the Horizon

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Under new leadership, a shift in portfolio strategy is emerging. Abel and his predecessor Buffett pursue similar approaches to reducing large positions. By December 31, 2025, Buffett had already reduced the company's holdings. Apple remains the second-largest holding behind another position whose name is not specified in the available sources.

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Abel and his team are focusing on potential changes in major holdings such as Apple and Alphabet. These developments are closely monitored by investors as they could have significant implications for Berkshire Hathaway's stock. Today's shareholder meeting is likely to provide initial clues about concrete steps.

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Strategic Focus: Energy Infrastructure

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A central theme under Greg Abel's leadership is investment in energy infrastructure, particularly in the renewable energy sector. In his first shareholder letter, Abel emphasizes the need to modernize the electrical grid and transition to sustainable energy sources. This strategic direction reflects his years of experience in the energy sector and could open up new growth opportunities for the conglomerate.

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What Investors Expect Today

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In addition to first quarter 2026 earnings results and a comprehensive business overview, investors expect clarity from Abel regarding future investment strategy. The question of whether he will continue the position reductions initiated by Buffett or set his own priorities stands at the center of interest. The new CEO's communication skills will also be put to the test – can he build the credibility and trust that Buffett developed over decades?

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According to Long Forecast projections, Berkshire Hathaway stock averaged around $498 in January 2026, within a monthly range of $454 to $542. Today's shareholder meeting could provide new momentum for the stock's development.