Berkshire Hathaway Shifts Portfolio Toward Alphabet and Delta Air Lines

Berkshire Hathaway adjusted its equity portfolio during the second quarter, as detailed in a recent 13F filing to the Securities and Exchange Commission. Under the leadership of Greg Abel and Warren Buffett, the conglomerate increased its Alphabet stake by approximately $17 billion, positioning it as one of the firm's three largest holdings. Abel also led a 44% increase in the company's position in Delta Air Lines, adding 17.5 million shares worth $1.6 billion, and more than doubled its investment in Macy's to approximately $173 million.

These additions coincided with significant divestments. Berkshire reduced its Bank of America stake by 30.2 million shares, a 5.9% decrease valued at $1.7 billion, continuing a two-year selling trend. The company also sold more than half of its Capital One position and reduced its Kroger stake by 22%.

Beyond portfolio shifts, the conglomerate expanded its operations through a $6.8 billion acquisition of Taylor Morrison Home. In legal developments, the 8th U.S. Circuit Court of Appeals upheld a settlement requiring Berkshire subsidiary HomeServices of America to pay $250 million to resolve antitrust claims regarding real estate commissions. HomeServices of America CEO Chris Kelly stated the ruling provides the company with more certainty.