Berkshire Hathaway’s Greg Abel Overhauls Portfolio in Sweeping Q1 Shake-Up

New CEO dumps more than a dozen stocks, bets big on Alphabet and Delta Air Lines

Berkshire Hathaway’s equity portfolio underwent one of its most dramatic transformations in decades during the first quarter of 2026, as new CEO Greg Abel stamped his authority with a sweeping overhaul disclosed in the company’s latest 13F filing with the SEC on May 15.

Abel, who officially succeeded legendary investor Warren Buffett as Chief Executive Officer, eliminated more than 15 positions in the quarter, including household names such as Visa, Mastercard, UnitedHealth, Domino’s Pizza, Aon, Amazon, and Diageo.

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Analysts believe many of the dropped stocks had been managed by former portfolio manager Todd Combs, who departed for JPMorgan in December, though Berkshire does not publicly attribute individual holdings to specific managers.

The boldest addition was a dramatic increase in Alphabet. Berkshire tripled its stake in Google’s parent company, boosting its position by 224%. The holding now sits at a market value of approximately $16.6 billion, making it Berkshire’s seventh-largest equity position. Alphabet shares (GOOGL) currently trade around $396.78.

Abel also returned Berkshire to the skies for the first time since Buffett famously dumped all airline stocks at a loss during the COVID-19 pandemic in 2020. Berkshire acquired 39.8 million shares of Delta Air Lines — valued at approximately $2.8 billion — with Delta (DAL) currently trading at $70.23.

New positions were also opened in Macy’s and the New York Times, while Berkshire’s long-held Apple and Bank of America stakes were largely left untouched. Chevron saw the largest dollar-value reduction, with a 35% trim worth over $8 billion.

Berkshire’s cash pile stood at $397.4 billion as of March 31, with BRK.B shares currently trading at $482.70, giving the conglomerate a market capitalisation of over $1 trillion.