Source: Fortune
Summary
Berkshire Hathaway, led by new CEO Greg Abel, has increased its investment in Alphabet, the parent company of Google, to nearly 58 million shares worth $17 billion. The company also bought $2.6 billion worth of Delta Airlines stock and established a new stake in Macy’s. Berkshire Hathaway has sold its shares in Visa, Mastercard, Domino’s Pizza, Amazon, and United Healthcare. This is Abel’s first major move as CEO, taking over from Warren Buffett, who was hesitant to invest in tech companies.
Our Reading
The strategy enters a familiar phase.
Berkshire Hathaway is diversifying its portfolio under new leadership. Abel’s investment in Alphabet and Delta Airlines signals a shift from Buffett’s cautious approach to tech investments. The sale of shares in Visa, Mastercard, and Amazon suggests a reevaluation of the company’s holdings. Berkshire Hathaway’s new stake in Macy’s is a smaller but notable move.
The numbers tell a story of transition.
Author: Evan Null
