Greg Abel Buys $2.65B Delta Stake, Opens Macy’s Position and Repurchases $234M Shares
BRKB•CEO Greg Abel expanded Berkshire Hathaway’s portfolio by buying a $2.65B stake in Delta Air Lines and opening a position in Macy’s at 8x earnings with a 3.58% yield. The company repurchased $234M of its own shares in Q1 2026, raising total buybacks since 2018 to $78B on $397.4B cash.
1. Major Equity Purchases by Greg Abel
Greg Abel, stepping into his role as CEO, allocated $2.65 billion to purchase a stake in Delta Air Lines during Q1 2026, leveraging Delta’s refinery asset to mitigate rising fuel costs. He also initiated a position in Macy’s, acquiring shares at roughly 8x trailing earnings with a 3.58% dividend yield as part of its turnaround strategy.
2. Share Buyback Activity
Berkshire repurchased $234 million of its own Class A and B shares in Q1 2026, marking early buyback activity under Abel’s leadership. These purchases contribute to a cumulative $78 billion of buybacks since 2018, reflecting ongoing confidence in the company’s valuation.
3. Balance Sheet and Future Outlook
With cash reserves totaling $397.4 billion at quarter-end, Berkshire retains significant firepower for future investments or buybacks. Abel’s initial portfolio moves suggest a focus on undervalued assets with stable cash flows and shareholder returns, setting the tone for the company’s capital allocation strategy.
