DAL, M, AMZN, V, And UNH Stocks In Focus As Berkshire Rejigs Portfolio

• Berkshire also established a new $1 billion stake in Alphabet Class C shares (GOOG) and tripled its Alphabet Class A shares (GOOGL) to approximately $15 billion.
• Berkshire Hathaway fully exited its UnitedHealth Group (UNH) position in the quarter — a stake Warren Buffett had initiated less than a year earlier with roughly 5 million shares.
• The move marks the first portfolio shuffle for the March quarter under new CEO Greg Abel.

Berkshire Hathaway Inc. (BRK.A, BRK.B) executed one of its most active quarters in years during the first three months of 2026, exiting 16 equity positions entirely — including full sales of Amazon.com, Visa, Mastercard, and UnitedHealth — and trimming several core holdings, according to its first quarter (Q1) 13F filing released Friday.

The firm also initiated several new stakes and significantly increased holdings in existing companies. The most prominent addition was a new $2.6 billion position in Delta Air Lines (DAL). Berkshire also established a new $1 billion stake in Alphabet Class C shares (GOOG) and tripled its Alphabet Class A shares (GOOGL) to approximately $15 billion. A smaller new position was taken in Macy’s (M) of $55 million.

While shares of V, MA, and AMZN slipped marginally after hours, Macy’s shares rose 6%. DAL shares gained 3% in after-hours trading while UNH fell 3%.  

Berkshire Hathaway fully exited its UnitedHealth Group position in the quarter — a stake Warren Buffett had initiated less than a year earlier with roughly 5 million shares valued at about $1.6 billion.

Portfolio Reductions Under New Leadership

On the reduction side, Berkshire trimmed its Bank of America stake by roughly 9% and cut its Chevron position. It also exited Citigroup and several other smaller holdings.

Apple remained the portfolio’s largest position at roughly 22% of the equity book, with the overall equity portfolio valued at approximately $263 billion at quarter-end. The next biggest holdings as of March 31 were American Express, Bank of America, Coca-Cola, and Chevron.

The moves mark the first full-quarter 13F under new CEO Greg Abel. Warren Buffett officially stepped down as CEO of Berkshire Hathaway on January 1, 2026, ending a 60-year tenure that turned a struggling textile mill into one of the world’s largest and most respected conglomerates. The 95-year-old investor, who had signaled his retirement plans at the company’s 2025 annual meeting, handed day-to-day leadership to longtime successor Abel.

How Did Retail Traders React?

On Stocktwits, retail sentiment around V, MA, and AMZN was within the ‘bearish’ territory at the time of writing,  while sentiment around Macy’s jumped to ‘extremely bullish’ levels. Meanwhile, sentiment around DAL also rose from ‘neutral’ to ‘bullish’ levels.

A Stocktwits user termed Berkshire’s position in Delta as “very bullish for the airline sector.”

Another user opined that it is time to go long Macy’s.

DAL and M have risen 40% and 53%, respectively, over the past 12 months.  

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