Berkshire CEO Greg Abel increased the company's stake in Delta Air Lines by 44% to 8.7%, reversing Warren Buffett's 2020 decision to exit airline stocks.
Berkshire Hathaway became a net buyer of stocks in Q2 2026, the first time after 14 consecutive quarters as a net seller. The company bought approximately $23.5 billion in stocks and sold $3.7 billion during the quarter, with cash reserves decreasing from $397 billion to approximately $365 billion. This move by Abel was one of his largest investments in Q2. Berkshire now holds 57.3 million shares of Delta Air Lines, valued at $5.4 billion, accounting for 1.8% of its investment portfolio and making it its 13th largest holding.
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