Billionaire investor Warren Buffett hinted in March that Berkshire Hathaway had made a small addition to its portfolio. A brand new regulatory submitting might have simply revealed what he was referring to.
When requested in March whether or not Berkshire was nonetheless placing cash to work, Buffett stated the conglomerate had made “one tiny buy” however was nonetheless struggling to search out engaging alternatives.
“Obtained one tiny buy, however we aren’t discovering issues that — we weren’t discovering them earlier than,” Buffett stated on the time in an interview with CNBC’s Becky Fast.
A regulatory submitting launched Friday confirmed Berkshire initiated a roughly $55 million place in Macy’s throughout the first quarter — a sliver of a portfolio valued at greater than $300 billion and a measurement that will match Buffett’s description of a “tiny” funding.
Macy’s 5 days
Against this, Berkshire’s different newly disclosed place throughout the quarter was far bigger: a roughly $2.6 billion stake in Delta Air Strains, making it an unlikely candidate for the modest buy Buffett referenced in March.
Nonetheless, traders might not have the complete image. Berkshire’s quarterly fairness filings solely seize U.S.-listed positions that meet reporting necessities, leaving open the chance that Buffett was referring to a global funding or one other holding not mirrored in Friday’s disclosure.
Buffett, who stepped down as Berkshire’s chief govt at the beginning of 2026 and handed the position to Greg Abel, stated earlier this yr that he stays deeply concerned in overseeing investments and market exercise.
The 95-year-old stated he nonetheless comes into the workplace every day and works alongside colleagues on buying and selling selections. Buffett described frequently talking with Berkshire’s director of monetary property, Mark Millard, earlier than the opening bell to debate market developments.
Millard, whose workplace Buffett stated sits about 20 ft away from his personal, executes trades primarily based on these conversations, underscoring Buffett’s continued position in portfolio administration regardless of the management transition.
“I will not make any [investments] that Greg thinks are fallacious. … Greg will get the sheet each day,” Buffett stated.
Within the first quarter, Berkshire additionally offered a slew of shares together with Mastercard and Visa in an effort to unwind positions tied to Todd Combs, the longtime funding supervisor and Geico chief who left for JPMorgan on the finish of 2025. Ted Weschler, the opposite funding supervisor, continues to supervise about 6% of the holdings.