Berkshire Shifts Portfolio as Abel Takes Leadership and Texas Probes Apparel
Berkshire has moved parts of its portfolio toward S&P 500 funds as Greg Abel succeeds Warren Buffett and Texas examines Fruit of the Loom.
Key takeaways
- Berkshire trimmed its Alphabet and Broadcom stakes while adding S&P 500 index funds.
- Texas is investigating Fruit of the Loom over potential toxic chemicals in children's clothing.
Berkshire Hathaway has shifted parts of its equity portfolio toward S&P 500 index funds as Greg Abel takes over from Warren Buffett. The company also faces a Texas investigation into Fruit of the Loom apparel.
The portfolio changes include trimming Berkshire’s stakes in Alphabet and Broadcom while adding index funds. The shift changes the balance between individual stock holdings and broad-market exposure.
Texas is investigating Fruit of the Loom over potential toxic chemicals in children’s clothing. The source does not say the investigation has reached a conclusion.
This article was produced with the help of AI technology. Source: Yahoo Finance
