Berkshire Hathaway acquired 39.8 million shares of Delta Airlines valued between $2.6 billion and $2.65 billion by the end of March 2026, making it the company’s 14th largest holding [1, 2]. The purchase marks Berkshire’s re-entry into airline stocks after absent positions in recent years.
The investment company also increased its stake in Alphabet, Google's parent company, by 224%, elevating Alphabet to its seventh largest holding [1, 2]. Despite rising regulatory pressures on Alphabet, including scrutiny from U.S. and EU authorities and the enforcement of the EU Digital Markets Act with potential fines up to 10% of global revenue, Berkshire made Alphabet a core portfolio position [2].
Meanwhile, Berkshire completely exited its Amazon shares in the first quarter of 2026, selling 2.3 million remaining shares [1, 2]. The firm also expanded stakes in Macy’s and increased holdings in The New York Times and Lennar, showing a selective approach to consumer and media sectors [2].
Berkshire reduced its holdings in Chevron by about $8 billion and sold shares of Mastercard, Visa, Bank of America, Domino’s Pizza, Aon, Pool Corporation, and Charter Communications during the quarter [1, 2]. These moves may relate to portfolio adjustments following the departure of Todd Combs, one of Berkshire’s investment managers, who left at the end of 2025 for JPMorgan Chase [1, 2]. Some trading may involve unwinding Combs’ previous positions.
Greg Abel, who became Berkshire’s CEO at the start of 2026, maintains close contact with Warren Buffett on investments. Abel said, "He's in the office every day, so we're talking every day if I'm in Omaha, we're always connecting. If I'm traveling, like I was yesterday, I often check in just to catch up on what he's seeing, what he's hearing, what am I feeling. So if it's not every day, it's every couple days" [1].
Delta Airlines reported $63.4 billion in revenue and $5.8 billion in operating income for the full year 2025, staying profitable despite industry cost pressures and economic cycle risks [2].
By the end of the first quarter, Berkshire’s portfolio was valued at approximately $288 billion with about $15.94 billion in purchases and $24.09 billion in sales during the quarter [2]. The firm retained a large cash reserve, holding $380 billion to $397 billion in cash on hand as of March 2026 [2].
Berkshire does not publicly disclose whether Buffett, Abel, or other executives directed individual trades [2]. The next reporting update is expected after the second quarter of 2026 when further portfolio activity and performance data will become available.
