Alphabet, New York Times, Delta: what Berkshire bought in the first quarter without Buffett

Warren Buffett-founded investment firm Berkshire Hathaway sharply increased its stake in Alphabet in the first quarter of 2026, according to a Form 13F filing with the U.S. Securities and Exchange Commission. Berkshire opened a position in the tech giant back last year, then the tenth-largest stake in the portfolio by size, now up to seventh.

Also among the purchases is a stake in The New York Times. This is also a relatively new company for Berkshire, its securities entered the portfolio in the fourth quarter of 2025. Quotes of The New York Times jumped after the disclosure of 2% in extended trading on May 15.

Last quarter, Berskhire opened a large position in Delta Airlines, buying 39 million of its securities, with a total value at the time estimated at $2.6 billion. Delta shares were up 3% in the post-market. Thus the investment company returned to the airline industry after completely exiting the sector during the Covid-19 pandemic in 2020, notes CNBC.

It also opened a small position in Macy's worth about $55 million.

This is the first reporting period for Berkshire since Buffett stepped down as CEO, handing over to Greg Abel. However, during the annual shareholder meeting in early Ma, the successor said he was "fully engaged" with the legendary financier on investments. A report published that day showed that Berkshire was once again selling more shares in the first quarter than it was buying. And the amount of sales - $24 billion - was the largest since 2024.

According to the Form 13F, the investment firm reduced its stake in Chevron after increasing it in the fourth quarter of 2025. Still, the oil giant remained in the top 5 most heavily weighted positions in Berkshire's portfolio. It also cut its position in Bank of America some more, and exited a number of securities entirely, including Mastercard, Visa, Domino's Pizza and Amazon.

Berkshire Hathaway has remained a net seller of stock for 14 consecutive quarters. Its cash cushion now exceeds $380 billion.

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