Greg Abel Berkshire Portfolio Changes Add Delta, Alphabet Stakes
Greg Abel Berkshire portfolio changes put $2.6 billion into Delta Air Lines and lifted Berkshire Hathaway's Alphabet stake as the company sold Amazon in its first quarter without Warren Buffett as chief executive. For investors, the shift points to a portfolio that added two large public equity bets while trimming another, changing the mix of names tied to Berkshire's capital.
Delta Air Lines and Alphabet
$2.6 billion went into Delta Air Lines, giving Berkshire a new airline position after a long absence from the group. That move came alongside a tripling of the Alphabet stake, a much larger commitment to a company already deep in the market's core technology stack. The combination gives Berkshire more exposure to two very different businesses: travel demand on one side, digital advertising and cloud-linked growth on the other.
3 times the Alphabet position is a sharper signal than a routine rebalance. Berkshire did not just add to a winner; it made the holding materially larger, while also re-entering airlines through Delta. The result is a portfolio adjustment that leans toward established public companies rather than a single new theme, and it comes under Greg Abel's stewardship during his first quarter as CEO.
Amazon exits and big-name cuts
Amazon was dumped during the quarter, removing one of the more closely watched names from Berkshire's book. That sale matters because it offset the new buying in Delta and the larger Alphabet stake, showing that the company was not simply adding risk across the board. It was changing the composition of the book, not just expanding it.
The first quarter also included a broader set of portfolio changes beyond the three marquee names. Berkshire bought new stocks and shed some big names without Buffett as CEO, leaving readers to focus on the actual allocation shift: more capital in Delta and Alphabet, less in Amazon. For shareholders, the practical takeaway is straightforward — the firm's public-equity exposure moved, and the names carrying that exposure changed with it.
That mix will now sit under Abel's first full quarter signal rather than Buffett's. If Berkshire keeps making changes at this pace, the most important thing to watch is whether the company is building a more concentrated set of large positions or simply rotating between them. The first-quarter moves already show one clear fact: Berkshire is willing to add aggressively to companies it wants and cut the ones it no longer does.
