Berkshire Hathaway (BRK.A) Invests $2.6B in Delta Air Lines
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowBerkshire Hathaway (BRK.A) disclosed its quarterly equity holdings, showing a new stake of 39.8 million shares in Delta Air Lines, valued at $2.6 billion. This investment positions Delta as the 14th largest holding in Berkshire's portfolio. Delta shares rose more than 3% following the announcement. Additionally, Berkshire initiated a position in Macy's, valued at approximately $55 million, and increased its stake in Alphabet, now its seventh-largest holding. Furthermore, Berkshire sold positions in Mastercard, Visa, and others as part of a portfolio adjustment under new CEO Greg Abel.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Berkshire Hathaway Inc. (BRK.B)
Berkshire Hathaway is the diversified holding company led by Warren Buffett, owning insurance, railroad, energy, and consumer businesses plus a large equity portfolio. Class B shares are the more affordable, lower-voting class.
The Financials sector covers banks, insurers and capital-markets firms at the center of the economy.
Earlier BRK.B news
- UnitedHealth (UNH) and Delta (DAL) Show Berkshire's Stock Influence
- Berkshire's Dividend Stock Picks: JNJ, MCD, PG for Market Downturn
- Berkshire (BRK.A) Triples Stake in 'Magnificent Seven' Stock
- Berkshire Hathaway Keeps 228M Apple (AAPL) Shares in 13-F Filing
- Berkshire Hathaway (BRK.A) Invests $2.6 Billion in Delta Airlines
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