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Prediction: Warren Buffett's Successor, Greg Abel, Will Dispose of One of Berkshire Hathaway's Largest Holdings
The Motley Fool·
Greg Abel, who took over as CEO of Berkshire Hathaway on December 31, is expected to continue selling the company's Bank of America stake. Berkshire has already sold 549.5 million BofA shares (53% of its position) since June 2024, driven by the bank's valuation reaching a 59% premium to book value and reduced interest rate sensitivity following the Fed's rate cuts.
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