How the new stocks are trading
Warren Buffett and Greg Abel cover the Berkshire Hathaway Annual Shareholder Meeting on May 3, 2025 in Omaha, Nebraska.
David A. Grogen | CNBC
Berkshire HathawayIts portfolio revamp sent some stocks soaring in early trading Monday, while others fell as investors analyzed the company’s latest bets and exits disclosed in the conglomerate’s quarterly filings.
The Omaha-based conglomerate on Friday released its quarterly U.S. stock portfolio under new CEO Greg Abel, who took over from legendary investor Warren Buffett at the beginning of the year.
Latest filing showed Berkshire purchased 39.8 million shares Delta AirlinesThis company, valued at $2.6 billion, became the company’s 14th largest holding as of the end of March. Delta was last up 2.5% in premarket trading.
This comes after Buffett sold Berkshire’s entire billion-dollar US airline portfolio, including Southwest, American, United and Delta, during the Covid-19 pandemic due to changing consumer travel behavior.
google parent Alphabet It saw the largest investment at 58 million shares, up 224% and became Berkshire’s seventh-largest holding. The tech giant lost 0.6% in early trading on Monday.
Other moves included a new stock Macy’sa 35% reduction StripIncluding the sale and sale of shares valued at $8 billion. MasterCard And Visa. Macy’s was last up 5% in premarket trading, while Chevron, Mastercard and Visa were trading just below the flat line.
Meanwhile, Berkshire completely exited its investment AmazonThat was all that was left after selling 7.7 million of its 10 million shares in the fourth quarter, selling 2.3 million shares in the first quarter. Amazon lost 0.7% premarket.
Some of the moves are likely related to efforts to unwind positions tied to former investment manager Todd Combs, who left the company to join JPMorgan at the end of 2025. Combs was hired by Buffett to manage Berkshire’s stock portfolio, along with Ted Weschler, who still holds 6% of the shares.
Abel previously announced that he continues to consult with 95-year-old Buffett on investment decisions.
“He’s in the office every day, so we talk every day, if I’m in Omaha we’re always in touch,” Abel said. said CNBC’s “Squawk Box” in March. “If I’m traveling, like yesterday, I check in frequently to see what he’s seen, what he’s heard, what I’m feeling. So if not every day, then every few days.”
