Berkshire Hathaway CEO Greg Abel sold equity holdings previously managed by former investment deputy Todd Combs. Combs departed the firm in December. The move marks a significant portfolio adjustment since Abel succeeded Warren Buffett as CEO.
Buffett continues to serve as the company's chairman. The specific stocks involved in the sale remain undisclosed. Abel reportedly does not intend to hire a replacement for the management role.
Berkshire Hathaway will provide detailed information regarding its equity holdings in May. These disclosures will feature in upcoming quarterly reports and regulatory filings.