Warren Buffett stepped down as Berkshire Hathaway CEO on December 31, handing control to Greg Abel, who has begun restructuring the conglomerate's investment portfolio within six months. Berkshire is holding nearly $400 billion in cash while Abel has reshuffled its $336 billion stock portfolio, displacing Coca-Cola from its longtime No. 3 position. The massive cash position has prompted market speculation about whether Buffett's successor anticipates a stock market downturn.
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