Berkshire Hathaway boosts Alphabet holding to 58 million shares, invests $2.6 billion in Delta
GOOG•Berkshire Hathaway more than tripled its Alphabet holding to 58 million shares valued at nearly $17 billion by the end of March, up from 17.8 million shares worth $5.6 billion three months earlier. Under CEO Greg Abel, Berkshire also invested over $2.6 billion in Delta Air Lines and established a $55 million stake in Macy’s.
1. Stake Increase Details
By the end of March, Berkshire held 58 million Alphabet shares valued at nearly $17 billion, up from 17.8 million shares worth $5.6 billion at the end of the prior quarter, marking a more than threefold increase in the position.
2. Abel’s First Quarter Purchases
In Q1, Berkshire also acquired approximately 40 million Delta Air Lines shares totaling over $2.6 billion and took on a new stake of about $55 million in Macy’s, reflecting a broader appetite for travel and retail assets under Greg Abel.
3. Strategic Shift from Buffett’s Tech Stance
This marks a departure from Warren Buffett’s historically cautious approach to tech stocks; Abel’s willingness to expand in Alphabet and other sectors suggests a strategic shift toward higher-growth technology investments.
4. Market Reaction and Outlook
Following the disclosure, Macy’s and Delta shares rose on investor interest, though Alphabet’s stock showed minimal movement, underscoring potential for future volatility as institutional ownership climbs.
