Berkshire Hathaway’s new CEO Greg Abel reshapes portfolio: Biggest changes explained

Berkshire Hathaway has restructured its US equity portfolio during the first quarter under the leadership of its new CEO Greg Abel.

According to regulatory filings disclosed the previous week, an American multinational conglomerate made a major investment in Delta Air Lines and purchased 39.8 million shares.

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The move reversed the company’s previous exit from the airline industry in 2020 made by former CEO Warren Buffett due to pandemic disruptions.

Moreover, Berkshire also increased holdings in Alphabet by 224 percent. As a result of this investment, the company brought the total position to nearly 58 million shares at the valuation of $23 billion.

The tech company reported a 22 percent increase in Q1 revenue ($109.9 billion) and a 30 percent jump in operating income ($39.7 billion).

It is no mistake to say that Alphabet is now one of the conglomerate’s seven largest equity holdings

Other portfolio adjustments include a $55 million position in Macy’s, Berkshire’s trimmed holdings in Chevron.

The company also fully exited Amazon and liquidated positions in Visa and Mastercard.

These key changes are going to be implemented under the leadership of Greg Abel who officially succeeded Warren Buffett as CEO on January 1, 2026.

Despite being in the position, Abel is still in communication with former CEO, 95, and takes his advice and consultation on various corporate matters.

"He's in the office every day, so we're talking every day if I'm in Omaha, we're always connecting," said Greg Abel, CEO of Berkshire Hathaway.