Berkshire Hathaway triples Alphabet stake and invests in Delta and Macy's

Key Points:

• Berkshire Hathaway significantly increased its investment in Alphabet (Google’s parent company), tripling its stake to nearly 58 million shares worth about $17 billion by the end of March.
• The conglomerate purchased over $2.6 billion in Delta Airlines stock, adding nearly 40 million shares during the first quarter, despite Warren Buffett’s historical skepticism toward airline investments.
• Berkshire sold shares in several major companies including Visa, Mastercard, Domino’s Pizza, Amazon, and United Healthcare following the departure of investment manager Todd Combs.
• The company also established a new $55 million stake in Macy’s, with both Macy’s and Delta stocks rising after Berkshire’s investment disclosures, while Alphabet’s stock price remained largely unchanged.
• Greg Abel, who took over as CEO from Warren Buffett earlier this year, is shifting Berkshire’s investment approach, though investors may wait to see his track record before closely following his moves.