Berkshire’s Abel Unveils $55M Macy’s Stake in Q1 Portfolio Shakeup
Under CEO Greg Abel, Berkshire Hathaway's Q1 13F filing revealed a new $55 million stake in Macy's alongside significant portfolio reshuffling. This marks the conglomerate’s first tangible buy since Warren Buffett’s March comment on a “tiny purchase” while describing limited attractive investments.
1. New CEO Greg Abel’s Early Portfolio Moves
Greg Abel assumed the role of CEO at the end of 2025 and immediately signaled an active management style. His first-quarter 13F filing shows accelerated buying and selling across multiple sectors as he reshapes the conglomerate’s investment mix.
2. $55M Macy’s Stake Signals Strategic Buy
The filing discloses a $55 million position in Macy’s, reflecting confidence in the department store’s turnaround potential. The announcement drove Macy’s shares up almost 4% on the day of disclosure, underscoring market interest in Berkshire’s new direction.
3. NetJets Pilots Solidarity with LIRR Strikers
The NetJets Association of Shared Aircraft Pilots, representing over 3,700 pilots at the Berkshire subsidiary, publicly backed 3,500 Long Island Rail Road workers striking over stagnant wages. The union’s support highlights broader labor challenges in the transportation sector.