Q1 2026 data confirms Berkshire Hathaway aggressively reshaped its $263.10 trillion portfolio. The firm exited 31 positions while initiating 4 new ones among its 90 total holdings. American Express dominated Berkshire’s Q1 book with a 17.1% allocation, followed by Coca-Cola at 8.2% and two distinct Apple positions totaling 7.8% and 5.9%, with Occidental Petroleum rounding out the top holdings at 6.5%.

Berkshire Hathaway committed $2.65 trillion to Delta Air Lines Inc in Q1 2026, establishing its largest new position. The aviation bet signals conviction in sustained post-recession travel demand. Consumer spending on experiences shows resilience. Berkshire simultaneously invested $1.03 trillion into Alphabet Inc. Google’s inclusion captures exposure to foundational digital advertising and burgeoning cloud computing sectors. Acquiring the tech giant suggests a readiness to buy growth-oriented leaders when valuations appear favorable, diversifying beyond traditional value plays.

A common thread unites Berkshire’s Q1 additions: established brands dominant in their sectors. Delta leads airlines, Google controls digital advertising, and Macy’s maintains significant retail presence. Berkshire deployed $54.97 billion into Macy’s Inc across two separate buys, signaling belief in American consumer resilience and the strength of physical retail. Berkshire appears to favor companies with deep moats and broad customer bases, regardless of traditional sector definitions. Purchases suggest a confidence in a recovering economy where both digital and physical consumption thrive.

Berkshire Hathaway ramped up conviction in its largest positions during Q1 2026. American Express saw the most aggressive increase by percentage, Berkshire boosting its stake by 10549% to $45.09 trillion. Coca-Cola additions followed, up 29350%, bringing the holding to $21.50 trillion. Apple received two separate additions, one 2036% increase valuing the stake at $20.47 trillion, another 1530% boost making it $15.62 trillion. Bank of America also saw substantial investment, a 3071% add bringing its total to $15.15 trillion.

These moves represent more than mere adjustments; they signify extreme conviction in long-standing investments. Berkshire deployed capital into familiar names rather than pursuing new ventures, consolidating stakes in businesses with proven longevity and dividend power. The scale of these additions, reflected in five-figure percentage increases for some, asserts a deep belief in established consumer brands and financial institutions, signaling a preference for stability amidst market conditions.

Berkshire Hathaway Inc. sharply reduced several prominent positions during Q1 2026. The firm slashed its Alphabet Inc. holdings by 62% and 65% respectively, a dramatic cut signaling a substantial re-evaluation of the technology giant. Berkshire also trimmed its Apple Inc. position by 28%. These significant divestitures point to a notable shift in conviction regarding large-cap tech investments, diverging from previous allocations.

Berkshire further decreased its Kroger Co. stake by 41%, suggesting a reassessment of the grocery retail sector. Smaller adjustments included a 5% reduction in Moodys Corp. and a 1% cut in Davita Inc., likely representing routine portfolio rebalancing rather than a fundamental change in outlook for those companies.