Berkshire Hathaway CEO Greg Abel exited 16 stock positions and increased the company’s stake in Google parent Alphabet by 224% during his first quarter running the conglomerate, according to a 13F filing with the Securities and Exchange Commission.
At year-end 2025, Berkshire’s Alphabet position stood at 17.8 million shares valued at $5.6 billion; by March 31, that figure had grown to nearly 58 million shares worth approximately $17 billion, according to Fortune
The stake is now among Berkshire’s five largest disclosed equity holdings, according to Yahoo Finance. Among the full exits were Visa, Mastercard, UnitedHealth Group, Domino’s Pizza, Amazon, Aon, Pool Corp., Heico, Liberty Formula One, Charter Communications, Lamar Advertising, Allegion, Diageo, Liberty Latin America Series C, and Atlanta Braves Holdings; Constellation Brands was reduced by 95% rather than sold outright, according to CNBC. The combined value of the eliminated positions was about $14 billion, according to Barron’s.
A likely explanation for the selloff is the exit of portfolio manager Todd Combs, according to Barron’s. Combs departed for a role at JPMorgan Chase in December and had been responsible for approximately 5% of Berkshire’s equity book — a share that aligns with the roughly $14 billion in positions that were unwound. A new 39.8 million-share position in Delta Air Lines, worth roughly $2.8 billion, marks Berkshire’s return to the airline sector for the first time since early 2020, when Buffett exited all of the company’s carrier holdings at a loss as Covid-19 collapsed air travel demand, according to CNBC.