Warren Buffett teased to CNBC a ‘tiny purchase’ in March. Berkshire filing may have revealed it
Billionaire investor Warren Buffett hinted in March: Berkshire Hathaway He had made a small addition to his portfolio. A new regulatory filing may have revealed what he meant.
Asked in March whether Berkshire was still putting money into the business, Buffett said the conglomerate had made a “small acquisition” but was still struggling to find attractive deals.
“We made a small acquisition, but we’re not finding things we couldn’t find before,” Buffett said in an interview with CNBC’s Becky Quick at the time.
A regulatory filing released Friday showed Berkshire initiated a position worth about $55 million. Macy’s in the first quarter — a piece of a portfolio worth more than $300 billion and large enough to fit Buffett’s definition of a “small” investment.
5 days at Macy’s
By contrast, Berkshire’s other newly disclosed position in the quarter was much larger: about $2.6 billion in shares. Delta AirlinesThat makes it an unlikely candidate for the modest buyback Buffett talked about in March.
Still, investors may not see the full picture. Berkshire’s quarterly stock filings include only U.S.-listed positions that meet reporting requirements, leaving open the possibility that Buffett was referring to an international investment or other holding not reflected in Friday’s announcement.
Buffett, who is stepping down as CEO of Berkshire at the beginning of 2026 and handing over the job to Greg Abel, said earlier this year that he remains deeply involved in overseeing investments and market activity.
The 95-year-old said he still comes into the office every day and works with colleagues on trading decisions. Buffett described speaking regularly with Mark Millard, Berkshire’s director of financial assets, to discuss market developments before the opening bell.
Millard, who said Buffett’s office is about 20 feet from his own, is executing trades based on those conversations, underscoring Buffett’s continued role in portfolio management despite the leadership transition.
“I won’t do anything [investments] He thinks Greg is wrong. … Greg gets the sheets every day,” Buffett said.
In the first quarter, Berkshire sold a number of stocks, including Mastercard and Visa, in an effort to unwind positions tied to longtime investment manager Geico chief Todd Combs, who is leaving for JPMorgan at the end of 2025. The other investment manager, Ted Weschler, continues to oversee about 6% of the holdings.
