Greg Abel, who became Berkshire Hathaway's CEO on January 1, 2026, led major changes to the company's equity portfolio in the first quarter of 2026, including adding Delta Air Lines and Macy's and tripling the stake in Alphabet, Google's parent company [1, 2, 3].

Berkshire's holdings in Alphabet surged by 224% in Q1 2026, reaching almost 58 million shares valued between $16.6 billion and $17 billion [1, 3]. This strong increase marks one of the biggest portfolio moves under Abel’s leadership.

Delta Air Lines was added as a new stock holding during the quarter, marking Berkshire's return to airline stocks after Warren Buffett exited all major U.S. airline positions by 2020 [1, 3]. The Delta stake is valued at about $2.6 billion [3].

In contrast to these additions, Berkshire sold many stocks previously held or selected by former portfolio manager Todd Combs, who left the company in December 2025 to join JPMorgan [1, 3]. Shares of Visa, Mastercard, UnitedHealth, Domino's Pizza, Amazon, Charter Communications, and Diageo were all sold off [1, 3]. The remaining 2.3 million Amazon shares were fully exited during Q1 2026 after prior reductions in late 2025 [1].

Other holdings such as Bank of America and Apple saw only slight trims or were left mostly unchanged [1]. Berkshire also reduced its Chevron stake by approximately 35% in the first quarter [1].

Berkshire substantially increased its position in The New York Times, roughly tripling its shares to around 15 million, with a valuation near $1.3 billion as of March 31, 2026 [3].

Overall, Berkshire sold about $24 billion worth of stock and purchased roughly $16 billion in equity during Q1 2026 [3].

Warren Buffett commented on the airlines, "Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done hi," reflecting on the historic perspective behind airline investments [3].

The next major update for Berkshire Hathaway's portfolio will come with their Q2 2026 earnings report in July, where the market will look for further direction under CEO Greg Abel.