Abel Buys $2.65B Delta Stake, Opens Macy’s Position and Repurchases $234M
BRKA•In Q1 2026, Greg Abel acquired a $2.65 billion stake in Delta Air Lines, opened a Macy’s position trading at 8x trailing earnings with a 3.58% dividend yield, and repurchased $234 million of Berkshire Hathaway shares. Phemex launched SPCXUSDT pre-market SpaceX futures and a $200,000 Pizza Day Trading Festival May 19–June 1.
1. Phemex SPCXUSDT Pre-Market Futures and Festival
Phemex introduced SPCXUSDT Pre-Market Perpetual Futures linked to SpaceX valuations, enabling trading outside standard hours. Concurrently, it launched a $200,000 Pizza Day Trading Festival from May 19 to June 1, offering task-based rewards and competitive leaderboards across stocks, indices, commodities and ETFs.
2. Abel’s Macy’s Position
Greg Abel initiated a new stake in Macy’s in his first 13F filing, targeting a department store valued at eight times trailing earnings and yielding 3.58%. The move reflects confidence in Macy’s turnaround under Tony Springs, which emphasizes high-performing locations and omnichannel retail expansion.
3. Delta Air Lines Stake
Berkshire Hathaway purchased a $2.65 billion position in Delta Air Lines during Q1 2026, leveraging Delta’s 2012-acquired oil refinery to offset jet fuel cost spikes driven by Middle East tensions. This strategic investment aims to capitalize on Delta’s integrated fuel supply advantage as weaker carriers face consolidation or bankruptcy.
4. Berkshire Hathaway Share Repurchases
During the same quarter, Berkshire repurchased $234 million of its own Class A shares, part of a long-term buyback program that has invested $78 billion since 2018. The repurchases are designed to lift earnings per share and reinforce management’s confidence in the company’s valuation.
