Berkshire Hathaway executes major portfolio shift under new leadership. The conglomerate completely exited 16 positions in Q1, including Amazon, Visa, Mastercard, and UnitedHealth Group, while deploying capital into Delta Air Lines and Macy's. Most significantly, Berkshire more than tripled its Alphabet stake to $16.6 billion, making it one of the company's largest common stock investments. The moves reflect CEO Greg Abel's strategic direction following Warren Buffett's transition to chairman. Berkshire bought $15.94 billion and sold $24.09 billion of stocks during the quarter. Delta shares surged 3.3% after-hours on the endorsement, while Macy's jumped 6.3%. The portfolio reshuffle signals confidence in tech through Alphabet while reducing exposure to payments and consumer discretionary sectors.
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