Berkshire Hathaway has restructured its US equity portfolio during the first quarter under the leadership of its new CEO Greg Abel.
An American multinational conglomerate made a major investment in Delta Airlines and bought 39.8 million shares, according to regulatory filings revealed last week.
The move reversed the company’s previous exit from the airline industry in 2020 by former CEO Warren Buffett due to pandemic-related disruptions.
Apart from this, Berkshire also increased its stake in Alphabet by 224 percent. As a result of this investment, the company brought its total position to approximately 58 million shares at a valuation of $23 billion.
The tech company reported a 22 percent increase in Q1 revenue ($109.9 billion) and a 30 percent increase in operating income ($39.7 billion).
It’s no mistake to say that Alphabet is now one of the group’s seven largest equity holdings
Other portfolio adjustments included a $55 million position in Macy’s, Berkshire’s reduced stake in Chevron.
The company also exited Amazon entirely and liquidated positions in Visa and MasterCard.
These major changes are going to be implemented under the leadership of Greg Abel, who officially succeeds Warren Buffett as CEO on January 1, 2026.
Despite holding this position, Abel is still in touch with the 95-year-old former CEO and seeks his advice and counsel on various corporate matters.
“He’s in the office every day, so if I’m in Omaha we’re talking every day, we’re always connected,” said Greg Abel, CEO of Berkshire Hathaway.
