Berkshire Boosts Holdings in Alphabet, Initiates Position in Delta Air Lines, and Exits Amazon

BlockBeats News, May 16th. According to Berkshire Hathaway's first-quarter holdings report (13F) released on May 16th, Berkshire increased its holdings of Alphabet (GOOGL.O) and The New York Times, among others, in the first quarter. The details are as follows:

· Berkshire increased its holdings of Alphabet by over 36 million shares, with the stake rising from a previous 2.04% to 5.93%;

· The company completely sold off its holdings in Amazon (AMZN.O), Visa (V.N), Mastercard (MA.N), UnitedHealth (UNH.N), among others; reduced its holdings in Chevron (CVX.N), Bank of America (BAC.N), and other stocks;

· Berkshire initiated a position in Delta Air Lines (DAL.N), purchasing 39.8 million shares with a market value of approximately $2.65 billion;

· The company kept its stake in Apple (AAPL.O) unchanged, ending the trend of reducing its holdings for three consecutive quarters. Apple remains its largest holding.

Overall, as of the end of the first quarter, Berkshire's holdings in U.S. stocks were valued at $263 billion, down from $274 billion in the previous quarter. The company bought approximately $16 billion and sold about $24 billion during the quarter, resulting in a net sale of around $8.15 billion. The number of holdings dropped sharply from 42 to 29, indicating a significant increase in concentration.