Berkshire's Greg Abel cuts $1.7B Bank of America stake, adds $1.6B in Delta Air Lines.

Greg Abel, Warren Buffett's successor at Berkshire Hathaway, reduced the company's investment in Bank of America by $1.7 billion. At the same time, he increased the stake in Delta Air Lines by $1.6 billion. This shift in portfolio allocation highlights a strategic move towards the airline sector while trimming exposure to banking. Investors may watch for further changes as Abel shapes Berkshire's future investments.