Berkshire Hathaway shrinks cash pile in Buffett's last act as CEO. Here's how successor Greg Abel is now looking to spend.

Core Viewpoint - Berkshire Hathaway's cash holdings have decreased, and new CEO Greg Abel is exploring investment opportunities while maintaining a patient and disciplined approach [1] Group 1: Cash Holdings - The company's cash hoard at the end of 2025 was down 2.1% from September, totaling $373.3 billion [1] Group 2: Leadership Transition - The first annual shareholder letter not written by Warren Buffett in 60 years was authored by Greg Abel, indicating a significant leadership change [1] - Abel emphasized the importance of evaluating opportunities carefully, including potential investments in Berkshire's own stock [1]