Berkshire Hathaway increased its positions in both Alphabet and Delta Air Lines during the second quarter, with the Alphabet stake now ranking as the portfolio's third-largest equity holding. The moves were made as Greg Abel, Buffett's designated successor, deployed a portion of the conglomerate's cash reserves. Berkshire simultaneously trimmed its exposure to bank stocks during the same period.
When Berkshire builds a position this large in Alphabet, it signals that one of the most scrutinized value-oriented portfolios in the world sees the stock as fairly priced or cheap relative to its earnings power. Delta's inclusion suggests Berkshire is returning to airline exposure after famously exiting the sector in 2020, which could lift sentiment across the airline group. Investors watching bank stocks should note the concurrent reduction in financial sector exposure.
August 14: 13-F filing deadline, when the full Q2 portfolio details become public. Next Berkshire Hathaway earnings release, expected early November, will show whether Abel continued deploying cash in Q3.
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