Locator: 50569BRK.
From the linked article:
Berkshire Hathaway BRK.B -0.11% may have sold about $15 billion in stocks during the first quarter that were managed by Todd Combs, who left in December for an investment role at JPMorgan Chase.
CEO Greg Abel decided to unload the stocks that had been managed by Combs, who ran an estimated 5% of Berkshire’s equity portfolio that totals about $300 billion, The Wall Street Journal reported Friday.
Berkshire doesn’t disclose which stocks in the portfolio are run by which manager. Combs and investment manager Ted Weschler, who remains at Berkshire, had run a total of about 10%; Chairman Warren Buffett handled the other 90%.
As CEO, Abel now oversees the portfolio, with Weschler responsible for about 6% of the holdings. Abel succeeded Buffett as CEO at year’s end.
Combs knew it was time go to. He was 54 years old when he left BRK for JPM.
I guess at 63 years of age, Ted Weschler has really no place else to go, except retirement. Greg Abel is also 63 years of age. Both are eligible to start taking social security.
Exactly what is Weschler's role as "investment manager at BRK?
It's not as if we weren't warned a year ago:
And MDU pays a dividend:
