Overview
- Berkshire Hathaway, which disclosed its first-quarter holdings Friday in a regulatory filing, opened a $2.6 billion position in Delta Air Lines that ranked as its 14th-largest stake.
- The company more than tripled its Alphabet investment to nearly 58 million shares worth about $17 billion, lifting Google’s parent to a top-10 holding.
- Executives unwound a wide set of positions, exiting Visa, Mastercard, Amazon, UnitedHealth Group, and Domino’s in a cleanup that reporting links to former portfolio manager Todd Combs’ departure.
- Trading records show Berkshire sold roughly $24 billion of stock and bought about $16 billion in the quarter, added a small Macy’s stake, and trimmed Chevron.
- Cash has swelled toward $400 billion and buybacks resumed in the quarter, as investors gauge Abel’s deployment plans with Berkshire shares lagging the S&P 500 since Buffett announced his exit as CEO.