Warren Buffett's Successor, Greg Abel, Pared Down Bank of America, and Piled Into a Virtual Monopoly That's Now Berkshire's 3rd-Largest Holding
Greg Abel's overhaul of Berkshire Hathaway's $358 billion investment portfolio continued in his second quarter at the helm.
Greg Abel's overhaul of Berkshire Hathaway's $358 billion investment portfolio continued in his second quarter at the helm.
BELLINGS Intelligence Score: 18
Why it matters
The portfolio reshuffle by Berkshire Hathaway's new CEO, while notable for its scale and signaling a strategic shift, represents a routine investment activity without immediate systemic or market-wide consequences for credit markets.
Sources
The Motley Fool
Warren Buffett's Successor, Greg Abel, Pared Down Bank of America, and Piled Into a Virtual Monopoly That's Now Berkshire's 3rd-Largest Holding
Greg Abel's overhaul of Berkshire Hathaway's $358 billion investment portfolio continued in his second quarter at the helm.
Nasdaq
Warren Buffett's Successor, Greg Abel, Pared Down Bank of America, and Piled Into a Virtual Monopoly That's Now Berkshire's 3rd-Largest Holding
Key PointsBerkshire Hathaway's portfolio has meaningfully changed since Warren Buffett retired as CEO on Dec. 31.