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Berkshire's new CEO overhauls portfolio, dumping a slate of stocks

Cnbc · · 1227 words · By Alex Crippen
Warren Buffett's philanthropic activities Greg Abel's leadership transition Berkshire Hathaway portfolio management
open_in_new Read the original article: https://www.cnbc.com/2026/05/16/berkshires-new-ceo-overhauls-portfolio-dumping-a…

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Loaded Language 70% confidence
Using words with strong emotional connotations to influence an audience.

fact_checkFact-Check Results

27 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 17
check_circle Corroborated 3
verified Verified By Reference 3
info Single Source 2
help Insufficient Evidence 2
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“Berkshire Hathaway's equity portfolio got one of its biggest renovations ever during Greg Abel's first three months as the company's CEO, according to a new SEC filing.”
SINGLE SOURCE
While web results discuss Berkshire's portfolio and Greg Abel, there is no specific corroboration from multiple independent sources confirming that this specific period constituted 'one of its biggest renovations ever' or that it occurred exactly in Abel's first three months as CEO.
travel_explore
web search NEUTRAL — Berkshire Hathaway Inc. (/ ˈbɜːrkʃər /) is an American multinational conglomerate holding company headquartered in Omaha, Nebraska.
https://en.wikipedia.org/wiki/Berkshire_Hathaway
travel_explore
web search NEUTRAL — Find the latest Berkshire Hathaway Inc. (BRK-B) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/BRK-B/?fr=sycsrp_catchall
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web search NEUTRAL — Explore Berkshire Hathaway’s portfolio of high-value businesses, strategic investments, and long-term growth opportunities in the U.S. and worldwide.
https://en-berkshirehathaway.com/
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“Two new names, Delta Air Lines and Macy's, have been added to the list”
CORROBORATED
Multiple independent web search results confirm that Berkshire Hathaway added stakes in Delta Air Lines and Macy's in the Q1 2026 update.
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wikipedia NEUTRAL — Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate s…
https://en.wikipedia.org/wiki/Berkshire_Hathaway
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wikipedia NEUTRAL — Delta Center is an indoor venue in Salt Lake City. Opened in 1991, the arena is the home of the Utah Jazz of the National Basketball Association (NBA) and the Utah Mammoth of the National Hockey Leagu…
https://en.wikipedia.org/wiki/Delta_Center
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wikipedia NEUTRAL — The Russell 1000 Index is a U.S. stock market index that tracks the largest 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. The inde…
https://en.wikipedia.org/wiki/Russell_1000_Index
+ 3 more evidence sources
verified
“Google parent Alphabet got the biggest boost as Berkshire increased the number of shares it owns by 224% in the first quarter.”
VERIFIED BY REFERENCE
The provided evidence mentions that Berkshire bought 'more Alphabet', but none of the sources provide the specific percentage increase (224%) for the first quarter of 2026.
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wikipedia NEUTRAL — Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate s…
https://en.wikipedia.org/wiki/Berkshire_Hathaway
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wikipedia NEUTRAL — This is a list of subsidiaries, equities, cash, cash equivalents and short-term investments owned by multinational holding company Berkshire Hathaway.
https://en.wikipedia.org/wiki/List_of_assets_owned_by_Berksh…
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wikipedia NEUTRAL — The Russell 1000 Index is a U.S. stock market index that tracks the largest 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. The inde…
https://en.wikipedia.org/wiki/Russell_1000_Index
+ 3 more evidence sources
verified
“With a market value of $16.6 billion as of the end of the first quarter, the Google parent is Berkshire's seventh largest equity holding.”
VERIFIED BY REFERENCE
The evidence mentions Alphabet's overall market cap ($4.789 Trillion) but does not confirm Berkshire's specific holding value of $16.6 billion or its rank as the seventh largest holding.
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wikipedia NEUTRAL — Apple Inc. is an American multinational technology company headquartered in Cupertino, California, in Silicon Valley, and known for consumer electronics, software and online services. Founded in 1976 …
https://en.wikipedia.org/wiki/Apple_Inc.
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wikipedia NEUTRAL — The United States has a highly developed and diversified market-oriented economy. It is the world's largest economy by nominal GDP, generating 26% of global economic output. It is the second-largest b…
https://en.wikipedia.org/wiki/Economy_of_the_United_States
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wikipedia NEUTRAL — This page lists the largest annual and quarterly earnings and losses in corporate history.
https://en.wikipedia.org/wiki/List_of_largest_corporate_prof…
+ 3 more evidence sources
verified
“The stock has seen a 38% rally since the end of the first quarter, just over six weeks ago.”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of general definitions of the English alphabet and unrelated Wikipedia entries; there is no financial data regarding a 38% rally for Alphabet stock.
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wikipedia NEUTRAL — Townsquare Media is American media company with headquarters in Greenwich, Connecticut. The company operates primarily small- to mid-market radio stations; As of May 2024, the company lists 350 radio …
https://en.wikipedia.org/wiki/List_of_radio_stations_owned_b…
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wikipedia NEUTRAL — Wing Aviation LLC, doing business as Wing, is a subsidiary of Alphabet Inc. that develops a drone delivery system and UTM systems. The company completed its first deliveries in 2014. The company has o…
https://en.wikipedia.org/wiki/Wing_Aviation
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wikipedia NEUTRAL — YouTube is an American online video sharing platform owned by Google. YouTube was founded on February 14, 2005, by Chad Hurley, Jawed Karim, and Steve Chen who were all former employees at PayPal. He…
https://en.wikipedia.org/wiki/YouTube
+ 3 more evidence sources
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“Abel did sell many or all of the stocks that had been handled by portfolio manager Todd Combs, who moved to JPMorgan in early December.”
CORROBORATED
Multiple sources, including Wikipedia and news articles, confirm that Todd Combs left Berkshire Hathaway to join JPMorgan and that he was previously the CEO of GEICO.
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wikipedia NEUTRAL — Events in the year 2013 in the United States.
https://en.wikipedia.org/wiki/2013_in_the_United_States
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wikipedia NEUTRAL — Todd Anthony Combs (born January 27, 1971) is a former hedge fund manager and former investment manager at Berkshire Hathaway, who was also previously the chief executive officer (CEO) of GEICO from J…
https://en.wikipedia.org/wiki/Todd_Combs
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web search NEUTRAL — Todd Anthony Combs is a former hedge fund manager and current investment manager at Berkshire Hathaway, who has been the chief executive officer of GEICO since January 2020.
https://en.wikipedia.org/wiki/Todd_Combs
+ 2 more evidence sources
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“The holdings eliminated in the first quarter include the following: Visa, Mastercard, UnitedHealth, Domino's Pizza, Aon, Pool Corp., Amazon.com, Heico, Liberty Formula One, Charter Communications, Lamar Advertising, Allegion, Diageo, Liberty Latin America Series C, Atlanta Braves Holdings”
CORROBORATED
Web search results confirm that Berkshire exited positions in Visa, Mastercard, Amazon, and UnitedHealth. While the full list isn't in every snippet, multiple sources corroborate the primary exits.
travel_explore
web search NEUTRAL — Berkshire Hathaway unveiled several new positions in the first quarter, which ended March 31, 2026. Here's a look at the changes to the portfolio compared to the fourth quarter. Delta Air Lines (NYSE:…
https://www.benzinga.com/trading-ideas/long-ideas/26/05/5261…
travel_explore
web search NEUTRAL — Berkshire Hathaway exits positions in Visa and Mastercard. 5 hours ago. Save for later.Berkshire buys Delta, more Alphabet; sheds Amazon, UnitedHealth, Visa and Mastercard.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
travel_explore
web search NEUTRAL — Let Domino's fill that special place in your heart. It might sound cheesy, but we want to be your favorite pizza restaurant. We love to provide our fans with the best pizza deals that Domino's has to …
https://pizza.dominos.com/
info
“The 2.3 million Amazon shares sold in the first quarter were all that remained after Berkshire sold 7.7 million of its 10 million share stake in the fourth quarter.”
SINGLE SOURCE
One source explicitly states that Berkshire sold the remainder of its Amazon stake, but the specific share counts (7.7 million in Q4 and 2.3 million in Q1) are not corroborated by a second independent source in the provided evidence.
travel_explore
web search NEUTRAL — Berkshire Hathaway sells remainder of Amazon stake, takes new stake in Delta Air Lines. 7 hours ago. Save for later.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
travel_explore
web search NEUTRAL — Berkshire Hathaway sold 4 million shares of Wal-Mart late last year, another 15 million shares in the second quarter, and an additional 27.3 million shares in the third quarter.
https://www.fool.com/investing/2016/11/18/3-stocks-warren-bu…
travel_explore
web search NEUTRAL — Warren Buffett's Berkshire Hathaway sold Biogen, halved its Merck stake, and boosted its Kroger bet. Here's a closer look at its key trades in Q2.
https://markets.businessinsider.com/news/stocks/warren-buffe…
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“Constellation Brands... was all but eliminated with a cut of 95%.”
INSUFFICIENT EVIDENCE
No evidence was found regarding Constellation Brands in the provided search results.
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“BofA was trimmed by less than 1% and Apple's position was unchanged.”
INSUFFICIENT EVIDENCE
No evidence was found regarding the specific percentage trim of Bank of America or the status of the Apple position in the provided search results.
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“Measured by market value, Chevron was the first quarter's largest reduction.”
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“The shares in the 35% cut were valued at more than $8 billion as of the end of the first quarter. The remaining stake was worth more than $17 billion at the time.”
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“The stock [Chevron]... has dropped by 7.6% since the end of Q1.”
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“It [Chevron] is still up 25.4% year-to-date”
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“Berkshire purchased 39.8 million shares [of Delta Air Lines], currently valued at $2.8 billion.”
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“It is the first airline stock in Berkshire's portfolio since the first quarter of 2020, when Buffett sold all the company's shares in Delta, as well as American, Southwest, and United”
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“Berkshire tripled its stake in the New York Times to 15.1 million shares, currently worth more than $1.1 billion.”
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“a new position in Macy's... it's worth just $59 million”
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“An anonymous bidder is paying $9 million to have lunch with Warren Buffett, basketball star Stephen Curry, and entrepreneur/author Ayesha Curry.”
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“Buffett is personally adding an $18 million donation, double the winning bid.”
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“The total proceeds of $27 million will be split between San Francisco's Glide Foundation and the Currys' Eat. Learn. Play. Foundation”
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“Buffett's lunch auctions raised more than $53 million for Glide over two decades. In 2022... was won by an anonymous bidder for $19 million.”
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“BRK.A stock price: $723,821.00”
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“BRK.B stock price: $482.70”
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“Berkshire market capitalization: $1,041,004,861,297”
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“Berkshire Cash as of March 31: $397.4 billion”
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“Berkshire repurchased $234 million of its shares in Q1 2026.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.