Berkshire Hathaway’s Q1 Portfolio Adjustments
Berkshire Hathaway (NYSE: BRKA, BRKB) recently revealed significant changes to its stock portfolio in its quarterly 13F filing. During the first quarter of 2023, CEO Greg Abel oversaw the exit from 15 positions, reducing the portfolio from 39 stocks to 26. Notable exits included former fund manager Todd Combs’ picks, such as Amazon, Visa, and Mastercard.
Abel’s most substantial new investment was a $2.6 billion stake in Delta Air Lines (NYSE: DAL), representing over 6% of the airline. This move has drawn criticism, as Buffett historically referred to airline investments as “terrible mistakes.” Additionally, Berkshire acquired a $55 million stake in Macy’s (NYSE: M) and tripled its investment in The New York Times (NYSE: NYT). Meanwhile, it significantly increased its position in Alphabet (NASDAQ: GOOGL), investing around $10 billion, which is viewed positively
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