Berkshire Buys $2.6 Billion Delta Stake, Boosts Alphabet Under Greg Abel
Updated
Updated · CNBC · May 19
Berkshire Buys $2.6 Billion Delta Stake, Boosts Alphabet Under Greg Abel
12 articles · Updated · CNBC · May 19
39.8 million Delta shares worth $2.6 billion at March-end emerged as Berkshire Hathaway’s biggest new bet in its latest 13F, lifting the airline stock more than 3% Monday.
The filing offered one of the first detailed looks at Greg Abel’s portfolio moves as CEO, showing Berkshire also started a roughly $55 million Macy’s stake and made Alphabet its seventh-largest holding.
Berkshire simultaneously trimmed Chevron and sold out of Amazon, UnitedHealth, Aon, Pool, Domino’s and Charter, with Mastercard and Visa also among notable reductions.
Those sales likely reflect the unwinding of positions tied to former portfolio manager Todd Combs, who left at the end of 2025 to join JPMorgan.
The Delta purchase marks Berkshire’s return to airlines six years after Warren Buffett exited more than $4 billion of U.S. carrier holdings during the pandemic.
After Buffett famously dumped airlines, why is his successor making a multi-billion dollar bet on Delta?
Why is Berkshire betting on airlines and Google while ditching credit cards and Amazon?