Berkshire Hathaway Significantly Increases Holdings in Alphabet, Invests in Delta and Macy's Under New Leadership

Berkshire Hathaway's Investment Shift Under New Leadership

OMAHA, Neb. — Berkshire Hathaway has significantly increased its investment in Alphabet Inc., the parent company of Google, and acquired over $2.6 billion worth of Delta Airlines stock in the first quarter of the year. Greg Abel, who took over as CEO in January, has made notable adjustments to the conglomerate's $280 billion stock portfolio.

Berkshire Hathaway more than tripled its stake in Alphabet Inc. between December and March, acquiring nearly 40 million additional shares. The company now holds approximately 58 million Alphabet shares, valued at almost $17 billion. In contrast, at the end of December, Berkshire held 17.8 million Alphabet shares worth $5.6 billion.

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Berkshire Hathaway also acquired a significant stake in Delta Airlines, buying nearly 40 million shares during the first three months of the year. This investment may raise concerns, given Warren Buffett's history with airline investments, which have often ended in losses. However, under Abel's leadership, Berkshire has made a notable exception, investing in Delta despite the risks associated with the airline industry.

In addition to these investments, Berkshire Hathaway established a small new stake in Macy's, valued at nearly $55 million at the end of March. The company has not commented on its investment decisions, citing a policy of not discussing its portfolio changes from quarter to quarter.

Abel's first shareholders meeting as CEO took place earlier this month, with Warren Buffett sitting on the board of directors. Investors have traditionally followed Berkshire's portfolio closely, emulating Buffett's investment strategies. However, with Abel at the helm, investors may need to reassess their approach to copying Berkshire's moves.

Berkshire Hathaway owns a diverse portfolio of businesses, including major insurers like Geico, BNSF railroad, manufacturers like Precision Castparts, and retail and service businesses such as Helzberg Diamonds, See's Candy, and Dairy Queen.

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