Berkshire Hathaway expands its investment portfolio, increasing its stake in Alphabet and taking a position in Delta Airlines as CEO Greg Abel settles into the role previously held by Warren Buffett. Multiple outlets report that Berkshire more than tripled its Alphabet holdings, with the investment described as rising to about $17 billion. CNBC also reports the increase as a 224% jump in Berkshire’s Alphabet shares. Separately, Berkshire buys or adds to its stake in Delta, with figures cited around $2.6 billion. One report says Berkshire’s Delta investment comes as Abel takes over after the transition from Buffett earlier this year. In addition to Alphabet and Delta, at least one outlet notes that Berkshire also invests in Macy’s, though the specific size of that investment is not detailed in the provided excerpts. Business Insider also indicates Berkshire exits several other stocks as part of a broader portfolio revamp. Overall, the changes reflect a shift toward larger positions in Alphabet and Delta alongside trimming or leaving other holdings.
Berkshire Hathaway triples Alphabet stake and buys Delta shares under Greg Abel
Berkshire Hathaway expands its investment portfolio, increasing its stake in Alphabet and taking a position in Delta Airlines as CEO Greg Abel settles into the role previously held by Warren Buffett....
- Berkshire Hathaway increases its stake in Alphabet, described as more than tripled and reaching about $17 billion.
- Berkshire’s Alphabet position is reported as a 224% increase in share holdings.
- Berkshire takes a position in Delta Airlines, with the investment reported at about $2.6 billion.
- The portfolio changes are made under CEO Greg Abel following the transition from Warren Buffett.
- Berkshire also trims or exits some other stock holdings as part of a broader portfolio reshuffle.
Berkshire Hathaway took a $2.6 billion stake in Delta Airlines and increased its shares in Alphabet by 224%.
3 months agoBerkshire Hathaway more than tripled the size of its investment in Google’s parent company and bought over $2.6 billion worth of Delta Airlines stock as Greg Abel settled into the CEO job after taking over from Warren Buffett at the start of the year
3 months agoCEO Greg Abel, with Warren Buffett as his chairman, boosted Berkshire's Alphabet stake to $17 billion, invested in Delta, and exited a raft of stocks.
3 months ago
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