Berkshire has revamped its portfolio — here's how the new stocks are trading
Berkshire Hathaway has made significant changes to its stock portfolio, resulting in mixed trading outcomes for various stocks. Under new CEO Greg Abel, the company disclosed its latest investments, including a substantial purchase of Delta Airlines shares. Meanwhile, Alphabet, the parent company of Google, saw a notable increase in its holdings despite a slight dip in early trading.
- ▪Berkshire Hathaway's portfolio revamp led to mixed stock performance in early trading.
- ▪The company purchased 39.8 million shares in Delta Airlines, valued at $2.6 billion.
- ▪Alphabet saw a 224% increase in shares, becoming Berkshire's seventh largest holding.
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Berkshire Hathaway's revamp of its portfolio sent certain stocks higher in early trading Monday, while others slipped as investors parsed the company's latest bets and exits disclosed in the conglomerate's quarterly filings.The Omaha-based conglomerate published its quarterly U.S. stock portfolio on Friday, under new CEO Greg Abel, who took the helm at the start of the year from legendary investor Warren Buffett. The latest filing showed that Berkshire purchased 39.8 million shares in Delta Airlines, valued at $2.6 billion, making it the company's 14th largest holding by the end of March. Delta was last up 2.5% in premarket trading. This comes after Buffett sold Berkshire's entire billion-dollar portfolio of U.S.
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