Berkshire Hathaway closed Q1 2026 with a formidable $263.1 billion stock portfolio, spread across 26 publicly traded companies. The picture is unmistakable: a highly concentrated playbook where a few mega-positions carry outsized influence.
Portfolio Moves in Q1 2026
- New additions this quarter: Delta Air Lines, Alphabet Inc, and Macy’s.
- Notable reductions: Bank of America (trimmed ~3.7 million shares) and Chevron (~45.8 million shares).
- Full exits: Berkshire trimmed positions entirely in names like Visa, Mastercard, and UnitedHealth.
Strategic pivot points:
- Leadership transition: Greg Abel, the newly appointed CEO, is building on Buffett’s legacy—but also adapting to evolving market realities.
- Tactical adjustments: The deployment of a large cash reserve (over $373 billion in cash and T‑bills) and selective trimming of positions like Apple illustrate a conservative tilt intended to protect capital.
- Defensive leanings: The portfolio favors stability—strong cash flows and durable brands—as the world prepares for a potential downturn.