By Andrew Bary
Berkshire Hathaway significantly increased its equity stake in Alphabet in the first quarter and initiated a new holding in Delta Air Lines, while selling out of a large number of investments including Mastercard, Visa, Aon and UnitedHealth Group. It also trimmed its sizable investment in Chevron.
The changes in the equity holdings were disclosed in a quarterly 13-F report released just after the close of trading Friday.
This was one of the most active periods ever for Berkshire's equity portfolio as the company apparently sold most of the investments that were accumulated by manager Todd Combs, who ran about $15 billion of a portfolio totaling over $300 billion. Combs left for an investment role at JPMorgan Chase in December.
Berkshire boosted its stake in Alphabet to nearly 58 million shares on March 31 from almost 18 million shares at year-end. That stake is now worth about $23 billion.
Berkshire also bought almost 40 million shares of Delta, a new stake now worth nearly $3 billion. Delta shares are reacting favorably to the Berkshire news, with the stock up 3% after hours to $72.45.
Write to Andrew Bary at andrew.bary@barrons.com
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(END) Dow Jones Newswires
May 15, 2026 17:50 ET (21:50 GMT)
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