Berkshire Hathaway Made Some Major Portfolio Moves, but This One Was a Head-Scratcher. How Should Investors Take It?
Written by Stefon Walters for The Motley Fool -> Berkshire Hathaway's latest 13F filing shows the company trimmed down its portfolio. Berkshire Hathaway purchased shares of Delta Air Lines, its first step back into the industry since the COVID-19 pandemic. At Delta's current s
Berkshire Hathaway's latest 13F filing shows the company trimmed down its portfolio.
Berkshire Hathaway purchased shares of Delta Air Lines, its first step back into the industry since the COVID-19 pandemic.
At Delta's current stock price, it has more long-term upside than downside.
When Berkshire Hathaway 's (NYSE: BRKA) (NYSE: BRKB) 13F filing was released in May, it provided insight into the company's direction following the retirement of its longtime leader, Warren Buffett, at the end of last year.
When Berkshire's stock positions were released, a handful of moves came as a surprise. The company completely exited positions in Visa , Mastercard , UnitedHealth Group , and Amazon , but the real head-scratcher was the stocks Berkshire chose to add.
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Berkshire added over 39.8 million shares of Delta Air Lines (NYSE: DAL) , worth over $3.28 billion (about 1% of its stock portfolio), a move that surprised many. Let's take a look at why.
Delta's stock has been on a good run for the past 12 months, up 70% (as of market open on June 1), so Berkshire's move isn't a head-scratcher because of recent performance. It is, however, confusing given Berkshire's past dabblings in the airline industry.
