Warren Buffett Successor Greg Abel Tightens Grip on Berkshire Hathaway Portfolio, Pushes New Money Into Japan

Greg Abel is moving decisively at Berkshire Hathaway, now overseeing almost all of the company’s $300 billion stock portfolio. He’s cut back on stocks associated with Todd Combs, his predecessor in this area, and is channeling new funds toward Japanese investments. These initial steps give investors the most concrete sense yet of how Warren Buffett’s heir apparent intends to manage Berkshire’s capital.