Berkshire Hathaway CEO Greg Abel’s eagerly awaited inaugural annual shareholder letter will be released on the last Saturday of this month in conjunction with the company’s fourth-quarter results and its 2025 annual report.
In a news release Thursday, Berkshire said the package will come out at 8 a.m. Eastern on Feb. 28. Chairman and former CEO Warren Buffett preferred a Saturday release of quarterly earnings and the annual report to give investors time to digest the information before trading starts on Monday.
Abel, who became CEO at the start of the year, is maintaining that tradition. Berkshire investors will be interested to see what he addresses in his first shareholder letter.
Key issues include capital allocation, especially with Berkshire sitting on over $350 billion in cash and seeing limited investment opportunities. He may address whether Berkshire should be repurchasing stock—it has been out of the market since May 2024—and whether it should pay a dividend. Buffett has opposed the idea of a dividend.
Abel may discuss Berkshire’s focus and priorities in the coming years and how he plans to manage Berkshire’s $300 billion investment portfolio now that Buffett is no longer running it.
It’s believed that Berkshire investment manager Ted Weschler is playing a key role with the portfolio, but Berkshire hasn’t publicly made clear what he is doing, as far as Barron’s can determine.
Berkshire’s Class A shares rose 0.1% at $749,540 on Thursday and are about flat so far this year, in line with the S&P 500 index.
Comments