1 of Greg Abel's Favorite Stocks and a Top 5 Berkshire Hathaway Holding Just Suffered a Devastating Decline

In Greg Abel's 10 months as CEO of Berkshire Hathaway, arguably his most notable move has been loading up on Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) stock. While former Berkshire CEO Warren Buffett acknowledged that he initiated the position last year, Abel has purchased tens of billions worth of stock this year and built it into a top five position, with Alphabet consuming 8.2% of Berkshire's massive roughly $364 billion portfolio. While it has generated strong gains for shareholders in recent years, Alphabet stock just experienced its worst single-day decline in history.

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