Delta News & Analysis

Berkshire Hathaway (BRK.A) Invests $2.6B in Delta Air Lines

Berkshire 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.