Berkshire triples Alphabet stake and buys Delta stock while dumping Amazon

Key Points:

• Berkshire Hathaway, under new CEO Greg Abel, significantly increased its holdings in Alphabet, acquiring nearly 40 million additional shares valued at $17 billion by the end of March, compared to 17.8 million shares three months earlier.
• The conglomerate also bought nearly 40 million shares of Delta Air Lines and established a new $55 million stake in Macy’s, with both stocks experiencing price increases following the disclosure.
• Warren Buffett, historically cautious about tech stocks, made an exception with a large Apple investment, while Abel appears more comfortable investing in tech, as evidenced by the increased Alphabet stake.
• Berkshire has a history of airline investments that Buffett has criticized for lacking sustainable competitive advantages, yet the company recently expanded its Delta holdings despite this.
• Berkshire Hathaway refrains from commenting on its quarterly portfolio changes to avoid revealing investment strategies, and investors may wait to see Abel's track record before emulating Berkshire's moves.