Berkshire Hathaway to sell $15 billion in stocks from former manager's portfolio

Berkshire Hathaway will unload a $15 billion portfolio of stocks previously managed by Todd Combs, who departed for JPMorgan Chase in December. The decision was made by CEO Greg Abel.

The move follows a strategic review of the portfolio after Combs, one of Warren Buffett's two investment deputies, left the firm. The sale represents a significant unwinding of positions managed by Combs during his tenure at Berkshire.

The liquidation of a portfolio this size could put downward pressure on the prices of the individual stocks held within it. The specific holdings are not yet disclosed, but the sale is expected to be executed over the coming months.

This sale is a notable event for Berkshire Hathaway, signaling a potential strategic shift in its investment management. Investors will be closely watching the company's next 13F filing to see the specific stocks that were sold and how the capital is redeployed.

This article is for informational purposes only and does not constitute investment advice.