Greg Abel Raised Berkshire’s Delta Stake 44% to 8.7%, Reversing the Airline Exit Buffett Made in 2020 In Warren Buffett’s last few years at the helm of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB), the company didn’t do much buying and hoarded cash.
The conglomerate was a net seller of stocks in the last few years leading up to the handoff to new CEO Greg Abel in January
By the first quarter of 2026, the firm had amassed a record $397 billion in cash in the portfolio. That changed in the second quarter of 2026, as Berkshire Hathaway became a net buyer of stocks for the first time in 14 straight quarters as a net seller. The company bought roughly $23.5 billion in stocks last quarter and sold just $3.7 billion.
As a result, the massive pile of cash dropped to approximately $365 billion. One of the biggest moves Abel made was buying 17.5 million shares of Delta Air Lines (NYSE: DAL) stock, increasing the position by 44%. Berkshire now holds 57.3 million shares of Delta, valued at $5.4 billion, up from $2.6 billion after Q1.