Greg Abel Adds Delta Air Lines, Lennar to Berkshire Hathaway Portfolio
Berkshire Hathaway's CEO Greg Abel has been actively expanding the company’s investment portfolio in Q2. The Omaha-based conglomerate increased its holdings across several sectors and now holds a $299 billion stock portfolio. While much attention is on its large purchase of Alphabet shares, three other stocks stand out: Delta Air Lines, Lennar, and another unnamed firm. Delta Air Lines saw Berkshire increase its stake by 44%, acquiring an 8.7% ownership worth approximately $5 billion in the second quarter alone. Despite rising operating expenses due to higher fuel costs, Delta's revenue grew year-over-year but net income declined slightly. Lennar also attracted significant attention as Berkshire increased its position by 43%. The homebuilder is transitioning from a capital-heavy model to one focused on land options and agreements, aiming for greater efficiency. Lennar reported lower gross margins compared to the previous year due in part to falling housing prices.
Topics: Alphabet (Google) Berkshire Hathaway Delta Air Lines Stock Portfolio Updates