Berkshire triples Alphabet stake and buys Delta stock while dumping Amazon

Key Points:

• Berkshire Hathaway significantly increased its stake in Alphabet, acquiring nearly 58 million shares worth about $17 billion by the end of March, up from 17.8 million shares valued at $5.6 billion three months earlier.
• The conglomerate also purchased nearly 40 million shares of Delta Air Lines in the first quarter, despite Warren Buffett's historical skepticism toward airline stocks due to their competitive challenges.
• Berkshire established a new stake in Macy’s valued at nearly $55 million as of March, leading to a noticeable rise in Macy’s and Delta stock prices following the disclosure.
• Berkshire Hathaway has sold off shares in companies like Visa, Mastercard, Domino’s Pizza, Amazon, and United Healthcare following the departure of investment manager Todd Combs late last year.
• Under new CEO Greg Abel, Berkshire is showing increased comfort with tech investments, contrasting Buffett’s previous reluctance, while maintaining a diverse portfolio that includes major insurers, railroads, manufacturers, and retail brands.