Berkshire Hathaway CEO Greg Abel divested stocks previously managed by former investment manager Todd Combs. This move represents a significant shift in the company's portfolio since Abel succeeded Warren Buffett in January.
Todd Combs departed Berkshire in December 2025 to join JPMorgan Chase. He was once viewed as a potential successor to Buffett.
Combs and fellow manager Ted Weschler oversaw approximately 10% of Berkshire’s equity portfolio. The company has not officially disclosed the specific holdings sold.
The divestment signals Abel establishing his own direction for the conglomerate’s investment arm. Reports indicate Berkshire is unlikely to hire a replacement for Combs.