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Lingering mysteries from Berkshire's portfolio update

Cnbc · · 1077 words · By Alex Crippen
Investment Strategy Transition Berkshire Hathaway portfolio management
open_in_new Read the original article: https://www.cnbc.com/2026/05/23/lingering-mysteries-from-berkshires-portfolio-up…

psychologyDetected Techniques

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

fact_checkFact-Check Results

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

schedule Pending 10
check_circle Corroborated 4
info Single Source 2
help Insufficient Evidence 2
verified Verified By Reference 1
verified Verified 1
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“The large reduction in the number of stocks in Berkshire Hathaway's equity portfolio that was revealed in last Friday's first quarter 13F SEC filing”
CORROBORATED
Multiple web search results confirm that Berkshire Hathaway's 2025 first quarter 13F filing showed a significant reduction in the number of stocks, described as one of its 'biggest renovations ever' and selling many smaller positions.
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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 — Berkshire Hathaway Energy (BHE) is an American energy holding company and a wholly owned subsidiary of Berkshire Hathaway. The company is headquartered in Des Moines, Iowa. BHE owns and operates a div…
https://en.wikipedia.org/wiki/Berkshire_Hathaway_Energy
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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…
+ 3 more evidence sources
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“Todd Combs, who left for a job at JPMorgan late last year.”
CORROBORATED
Multiple sources, including a Wikipedia entry and news reports, confirm Todd Combs left Berkshire Hathaway to join JPMorgan. Wikipedia specifically notes his tenure as CEO of GEICO ended in December 2025.
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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 Combs is leaving Berkshire Hathaway to join JPMorgan.One of Warren Buffett's key deputies is leaving Berkshire Hathaway.Todd Combs, the CEO of Berkshire-owned Geico, is joining JPMorgan to head u…
https://www.businessinsider.com/warren-buffett-todd-combs-be…
+ 2 more evidence sources
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“the two new names, Delta Air Lines and Macy's, got into the portfolio.”
CORROBORATED
The addition of Delta Air Lines and Macy's to the portfolio is confirmed by a cross-reference from CNBC and multiple independent web search results.
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web search NEUTRAL — Berkshire Hathaway (NYSE: BRK.A) revealed fresh investments in Delta Air Lines (NYSE: DAL) and Macy’s (NYSE: M) during the first quarter of 2026, marking one of the first major portfolio shifts under …
https://econotimes.com/Berkshire-Hathaway-Reveals-New-Stakes…
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web search NEUTRAL — Delta Air Lines shows up with a new $2.65 billion stake. The firm also increased its Alphabet holding. It dropped UnitedHealth, Amazon, Visa, and Mastercard. Market reaction followed the news. UnitedH…
https://ts2.tech/en/warren-buffetts-successor-just-made-his-…
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web search NEUTRAL — In a sweeping portfolio reshuffle, Berkshire Hathaway completely exited 16 positions, including Amazon, Visa, Mastercard and UnitedHealth Group, while adding Delta Air Lines and Macy's as new holdings…
https://www.livemint.com/companies/news/portfolio-reshuffle-…
+ 1 more evidence source
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“Abel, who now has overall responsibility for the company's investments, replaces Buffett in that construction.”
VERIFIED BY REFERENCE
Wikipedia confirms that Greg Abel has been the president and CEO of Berkshire Hathaway since January 2026, placing him in the position of overall responsibility.
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web search NEUTRAL — Gregory Edward Abel is a Canadian businessman who has been president and chief executive officer of the American multinational conglomerate Berkshire Hathaway since January 2026.
https://en.wikipedia.org/wiki/Greg_Abel
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web search NEUTRAL — Investors had speculated in recent years that Warren E. Buffett might eventually retire. But the 94-year-old billionaire still surprised many on Saturday, when he announced that he planned to step dow…
https://www.nytimes.com/2025/05/04/business/dealbook/gregory…
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web search NEUTRAL — CEO Greg Abel has pledged to follow Buffetttt's approach to investing and managing risk - Saturday's meeting is branded with the slogan "The Legacy Continues." Dan Brouillette/Bloomberg via Getty Imag…
https://fortune.com/2026/05/14/greg-abel-berkshire-hathaway-…
verified
“in late March he told CNBC's Becky Quick he is still making investment calls”
VERIFIED
A web search result explicitly states that Warren Buffett told CNBC he is still making investment decisions at Berkshire Hathaway.
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web search NEUTRAL — Investment style. In his early years, Warren Buffett was influenced by Benjamin Graham who was a value investor and is known as "the father of value investing".
https://en.wikipedia.org/wiki/Warren_Buffett
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web search NEUTRAL — Elizabeth Warren ... Elizabeth Ann Warren (née Herring; born June 22, 1949) is an American politician and former law professor who is the senior United States senator from the state of Massachusetts, …
https://en.m.wikipedia.org/wiki/Elizabeth_Warren
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web search NEUTRAL — Warren Buffett told CNBC he's still making investment decisions at Berkshire Hathaway, buying T-bills, and recently made a new purchase.
https://finance.yahoo.com/markets/stocks/articles/warren-buf…
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“a troubled 1989 US Airways investment and a money-losing 2016 return to the sector that he dropped in 2020”
CORROBORATED
Web search results confirm Berkshire took positions in airlines starting in 2016 and sold the entire portfolio in April 2020. While the 1989 US Airways specific date is not explicitly detailed in the snippets, the general pattern of airline investment and exit in 2020 is corroborated.
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web search NEUTRAL — Berkshire Hathaway is ranked 5th on the Fortune 500 and 9th on the Fortune Global 500.[9] In surveys taken in the 2000s and 2010s by Barron's, Berkshire was named among the "Most Respected" companies …
https://en.wikipedia.org/wiki/Berkshire_Hathaway
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web search NEUTRAL — Despite famously calling airlines a ‘value trap,’ Berkshire Hathaway took significant positions in Delta, United, American, and Southwest starting in 2016. Buffett sold the entire airline portfolio du…
https://whoistheownerof.com/top-10-us-airlines-largest-share…
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web search NEUTRAL — Air India and Kingfisher Airlines may be bailed out, but the government, investors and lenders will have to come to terms with the fact that airlines are as vulnerable to bankruptcy as they are to the…
https://www.rediff.com/business/slide-show/slide-show-1-warr…
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“the Wall Street Journal reported Monday that Buffett told the paper he wasn't involved in the Delta decision.”
SINGLE SOURCE
The provided search results for this claim are irrelevant (referring to Elizabeth Warren or high schools) and do not mention a Wall Street Journal report regarding Buffett's involvement in the Delta decision.
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web search NEUTRAL — Elizabeth Warren ... Elizabeth Ann Warren (née Herring; born June 22, 1949) is an American politician and former law professor who is the senior United States senator from the state of Massachusetts, …
https://en.m.wikipedia.org/wiki/Elizabeth_Warren
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web search NEUTRAL — Warren High School is part of the Downey Unified School District and offers a complete range of opportunities for high school students.
https://web.dusd.net/warren/
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web search NEUTRAL — May 2, 2026 · Sen. Elizabeth Warren faces scrutiny after Spirit Airlines shut down, with critics resurfacing her praise of blocking the JetBlue-Spirit merger as "a Biden win for flyers."
https://www.foxbusiness.com/politics/sen-warren-blasted-chee…
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“At $2.6 billion, as of March 31, [the Delta holding] exactly matches the increased authority of about $3 billion that [Ted Weschler] got this year as his responsibility went to 6% of the portfolio from 5%”
SINGLE SOURCE
One source confirms the Delta holding was approximately $2.65 billion at the end of the quarter. However, there is no corroborating evidence in the provided text regarding Ted Weschler's specific authority increase from 5% to 6%.
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web search NEUTRAL — Holdings are as of March 31, 2026, as reported in Berkshire Hathaway’s 13F filing on May 15, 2026, except for: The full list of holdings and current market values is available from CNBC.com’s Berkshir…
https://chicagofinancialtimes.com/2026/05/16/berkshires-new-…
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web search NEUTRAL — In 1999, Berkshire acquired MidAmerican Energy Holdings. At the time of purchase, Berkshire's voting interest was limited to 10% of the company's shares, but this restriction ended when the Public Uti…
https://en.wikipedia.org/wiki/Berkshire_Hathaway
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web search NEUTRAL — Berkshire picked up 39.8 million Delta shares, around $2.65 billion at the end of the quarter, according to the filing. The company also held about 3.04 million Macy’s shares, much smaller, valued nea…
https://ts2.tech/en/warren-buffetts-successor-just-made-his-…
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“The Delta holding is now valued at $3.0 billion, a 14.5% increase from the end of the first quarter.”
INSUFFICIENT EVIDENCE
No evidence was found in the search results to confirm the current valuation of $3.0 billion or the 14.5% increase.
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“including an 8.4% jump this past week to a record-high close of $76.14.”
INSUFFICIENT EVIDENCE
No evidence was found in the search results to confirm the stock price of $76.14 or the 8.4% jump.
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“It's gone from $55 million as of March 31 to $63 million now [Macy's position]”
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“in 2015, Buffett personally bought for his own account an 8% stake in Seritage Growth Properties”
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“Its Mitsubishi stake increased to 11.1% as of April 30, up from 9.7% previously”
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“its Sumitomo stake rose to 10.3% as of May 12, up from 9.3%.”
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“The total value of the six stocks, as currently disclosed, is almost $46 billion.”
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“BRK.A stock price: $728,641.00”
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“BRK.B stock price: $486.38”
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“Berkshire market capitalization: $1,048,584,611,864”
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“Berkshire Cash as of December 31: $373.3 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.