{"id":50504,"date":"2026-05-15T23:01:16","date_gmt":"2026-05-15T23:01:16","guid":{"rendered":"https:\/\/agooka.com\/news\/usa\/berkshire-hathaway-triples-alphabet-stake-and-reveals-new-bet-on-delta\/"},"modified":"2026-05-15T23:01:16","modified_gmt":"2026-05-15T23:01:16","slug":"berkshire-hathaway-triples-alphabet-stake-and-reveals-new-bet-on-delta","status":"publish","type":"post","link":"https:\/\/agooka.com\/news\/usa\/berkshire-hathaway-triples-alphabet-stake-and-reveals-new-bet-on-delta\/","title":{"rendered":"Berkshire Hathaway triples Alphabet stake \u2014 and reveals new bet on Delta"},"content":{"rendered":"<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/6a079088ecd7cc1332bb055f?format=jpeg\" alt=\"Warren Buffett and Greg Abel revealed a fresh bet on Delta Air Lines.\"\/><figcaption>Warren Buffett and Greg Abel, pictured as Squishmallows here, placed a fresh bet on Delta Air Lines last quarter.<\/p>\n<p>Theron Mohamed\/Business Insider<\/p>\n<\/figcaption><\/figure>\n<ul>\n<li>Berkshire Hathaway tripled its Alphabet stake and placed a new bet on Delta Air Lines last quarter.<\/li>\n<li>The company appears to have sold many of the departed Todd Combs&#039; stock picks.<\/li>\n<li>Warren Buffett&#039;s successor as CEO, Greg Abel, exited bets including Amazon, Visa, and Mastercard.<\/li>\n<\/ul>\n<p>Warren Buffett&#039;s successor certainly isn&#039;t shy about shaking things up.<\/p>\n<p>Greg Abel, who took over as Berkshire Hathaway&#039;s CEO on January 1, made sweeping changes to the conglomerate&#039;s holdings in the first three months of this year, a regulatory filing revealed on Friday.<\/p>\n<p>Berkshire built a fresh stake in Delta Air Lines worth $2.6 billion at the end of March, marking its return to owning airline stocks.<\/p>\n<p>The company also more than tripled its stake in Google-parent Alphabet, a key player in the AI boom.<\/p>\n<p>After purchasing nearly 18 million shares of the search-and-advertising giant in the third quarter of last year, it didn&#039;t touch the position in Buffett&#039;s final quarter as CEO.<\/p>\n<p>But that changed last quarter, as it ramped up its investment to almost 58 million shares, worth around $17 billion at the end of March.<\/p>\n<p>Abel appeared to offload many of the stocks picked by Todd Combs, previously one of Buffett&#039;s two investment managers. Buffett, who remains Berkshire&#039;s chairman, announced in December that Combs had resigned to join Jamie Dimon at JPMorgan.<\/p>\n<p>Berkshire exited its positions in Visa, Mastercard, UnitedHealth, Domino&#039;s Pizza, Amazon, Charter, Diageo, and several other companies. The disposals reduced its total number of holdings to around two dozen.<\/p>\n<p>Abel also pared other holdings including Chevron, Nucor, and Constellation Brands.<\/p>\n<p>On the other hand, Abel and his team added Macy&#039;s to their portfolio, and roughly tripled the size of the New York Times stake they established in the preceding quarter, boosting it to around 15 million shares valued at around $1.3 billion on March 31.<\/p>\n<p>Berkshire foreshadowed significant changes to its stock portfolio in its first-quarter earnings earlier this month. The report showed that it sold about $24 billion worth of stocks, and bought around $16 billion worth.<\/p>\n<p>The Delta wager is likely to surprise close followers of Berkshire.<\/p>\n<p>Buffett famously sold his stakes in the &quot;big four&quot; US airlines in April 2020, admitting he&#039;d made a &quot;mistake&quot; by betting on them. In his shareholder letter for 2007, he described the airline business as a &quot;bottomless pit&quot; and quipped:<\/p>\n<p>&quot;Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.&quot;<\/p>\n<p>Read the original article on Business Insider<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffett and Greg Abel, pictured as Squishmallows here, placed a fresh bet on Delta Air Lines last quarter. Theron Mohamed\/Business Insider Berkshire Hathaway tripled its Alphabet stake and placed a new bet on Delta Air Lines last quarter. The company appears to have sold many of the departed Todd Combs&#039; stock picks. Warren Buffett&#039;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":50505,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":{"0":"post-50504","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usa"},"_links":{"self":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/50504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/comments?post=50504"}],"version-history":[{"count":0,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/50504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media\/50505"}],"wp:attachment":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media?parent=50504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/categories?post=50504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/tags?post=50504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}