Yahoo Finance
For decades,Berkshire Hathaway’s quarterly stock filings have been treated like a roadmap intoWarren Buffett’s thinking.
However, the latest one feels very special.
Berkshire Hathaway (BRK.A) (BRK.B) unveiled a wide-ranging portfolio overhaul in its latest13F filing,adding a big new stake in Delta Air Lines (DAL), increasing its stake in Alphabet (GOOGL) (GOOG), and exiting a handful of household names, including Amazon (AMZN), UnitedHealth (UNH), Visa (V), and Mastercard (MA).
The company bought $15.94 billion in equities but sold $24.09 billion during the first quarter.
This isn't just ordinary portfolio upkeep.
The filing comes in the first year ofGreg Abel’sstint as Berkshire CEO and could provide one of the clearest early indications yet that the company’s investing approach is starting to change.
Buffett remains the heart of Berkshire’s identity.
But investors are increasingly asking what Berkshire looks like after Buffett, and the filing offers a glimpse of a response that might involve speedier portfolio reshuffling, bigger technology bets and less loyalty to smaller legacy positions.
The biggest surprise may not have been what Berkshire bought.
It may have been whatBerkshire no longer wanted to own.
Wall Streetquickly took note of Berkshire’s new interest inDelta Air Lines.
Buffett famously soured on airline equities during the Covid epidemic.
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