Greg Abel Just Quietly Dumped a Major Berkshire Holding. Here Is What Buffett's Successor Is Buying Instead.

"The U.S. stock market has seen record-high valuations. Buffett, meanwhile, has long emphasized the importance of seeking out value. And Abel's move into Japanese stocks fi"

Warren Buffett’s retirement from day-to-day leadership ends an era at Berkshire Hathaway. Greg Abel becomes CEO and begins reshaping the portfolio. Berkshire continues reducing stocks previously associated with Todd Combs, reflecting a more selective approach. Abel significantly cuts the Bank of America position, signaling less confidence in it as a bargain and aiming to reduce concentration in sectors exposed to economic slowdowns. While cutting some U.S. financial exposure, Abel increases international investments, particularly Japanese stocks. The shift aligns with diversification and hedging rather than a direct bet against the United States, especially amid record-high U.S. valuations and a value-focused investment mindset.

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