Warren Buffett and Greg Abel inspect Berkshire Hathaway’s annual shareholder meeting held in Omaha, Nebraska on May 3, 2025.
David A. Grogen | CNBC
Berkshire HathawayThe company’s portfolio makeover pushed certain stocks higher on Monday as investors analyzed the conglomerate’s latest bets and exits revealed in its quarterly report.
The Omaha-based conglomerate revealed its end-of-quarter stock holdings in a regulatory filing Friday, offering one of the first looks at its portfolio under new CEO Greg Abel, who took over from legendary investor Warren Buffett at the beginning of the year.
One of the biggest moves from the latest filing was the acquisition of a significant new stake. delta airlines. Berkshire purchased 39.8 million shares of Berkshire’s stock worth $2.6 billion at the end of March, making it the company’s 14th largest stockholder at the end of March. Delta Air Lines posted a gain of more than 3% on Monday.
The acquisition of Delta Air Lines marks Berkshire’s return to the airline industry. Six years ago, Mr. Buffett surprised the market by exiting Berkshire’s entire U.S. airline portfolio, unloading positions worth more than $4 billion in United Airlines, American Airlines, Southwest Airlines and Delta Air Lines. Buffett argued at the time that the pandemic had permanently reshaped consumer habits and travel demand.
Berkshire also opens positions Macy’s last quarter. Department store stocks rose more than 2% on Monday after Berkshire’s filing revealed it acquired about $55 million worth of new stock at the end of the first quarter.
Meanwhile, the Omaha-based conglomerate has significantly boosted its relatively new position in Alphabet, making Google’s parent company the company’s seventh-largest holding. The company, which is also one of Berkshire’s largest holdings, has reduced its stake in Chevron.
Berkshire sold a large amount of stock last quarter, likely as part of an effort to unwind positions tied to Todd Combs, who left the company at the end of 2025 to join JPMorgan. Mr. Combs was personally scouted by Mr. Buffett and worked with Mr. Weschler to manage Berkshire’s stock portfolio.
Also includes notable sales master card and visaCombs’ two early investments that reflected his previous hedge fund positions, and his complete exit from hedge funds. Amazonanother holding is widely seen to be related to him.
Other stocks sold by Berkshire include UnitedHealth Group, Aon, Poole Corporation, Domino’s Pizza and Charter Communications.
Mr. Abel, who was a featured figure at Berkshire’s annual meeting earlier this month, said he continues to consult Mr. Buffett, 95, about investment decisions.
“He’s in the office every day, so when I’m in Omaha, we talk every day and we’re always connected,” Abel said in March. “When I’m traveling, I often check in, like yesterday, to see what he’s seeing, what he’s hearing, what I’m feeling. So if not every day, then every few days.”
— Alex Crippen contributed to this report.
