What Berkshire Hathaway Bought and Sold in Q1 2026
Berkshire tripled its Alphabet stake, opened a new Delta Air Lines position, and cut Chevron by 35%. A line-by-line readout of the Q1 2026 13F filing.
The short version
Berkshire Hathaway's Q1 2026 13F shows a $263 billion U.S. long book. The headline moves: the Alphabet stake roughly tripled (Class A shares up 204%, plus a brand-new Class C line), a new $2.65 billion Delta Air Lines position appeared, the New York Times stake nearly tripled, and Chevron was cut by 35%. Apple, American Express, and Coca-Cola sit untouched at the top.
The top of the book
Berkshire's ten largest reported equity positions at quarter end, aggregated across its filing managers:
| Position | Ticker | Value | Change in Q1 |
|---|---|---|---|
| Apple | AAPL | $57.8B | Held |
| American Express | AXP | $45.9B | Held |
| Coca-Cola | KO | $30.4B | Held |
| Bank of America | BAC | $25.0B | Trimmed 1% |
| Chevron | CVX | $17.5B | Reduced 35% |
| Occidental Petroleum | OXY | $17.2B | Held |
| Alphabet (A + C) | GOOGL | $16.6B | Tripled |
| Chubb | CB | $11.2B | Held |
| Moody's | MCO | $10.8B | Held |
| Kraft Heinz | KHC | $7.3B | Held |
Source: Berkshire Hathaway's Form 13F for the quarter ended 2026-03-31 (filed via SEC EDGAR), as parsed and amendment-corrected by Arkolith, 2026-06-12.
The buys
Alphabet is now a top-seven position. The Class A line went from 17.8 million to roughly 54.2 million shares during the quarter, a 204% increase, and a new Class C position of about 3.6 million shares appeared alongside it. Combined, the Alphabet stake stands at $16.6 billion. For a portfolio famous for avoiding big tech beyond Apple, this is the quarter's defining move.
Delta Air Lines is a new name. A fresh 39.8 million-share position worth $2.65 billion at quarter end. Berkshire famously exited the airlines in 2020, which makes a return to the sector notable on its own.
New York Times, up 199%. The stake grew from about 5.1 million to roughly 15 million Class A shares, worth around $1.2 billion.
Lennar, up 43%. The homebuilder position grew to just over 10 million shares.
The sells
Chevron took the biggest cut: from 130.2 million shares to about 84.4 million, a 35% reduction that moves roughly $6 billion out of the energy major while the Occidental stake stayed untouched.
Nucor was trimmed 39%, the steelmaker dropping to about 3.9 million shares. DaVita shed 5%, and the long-standing Bank of America position was barely touched at a 1% trim, holding near 513.6 million shares.
Nothing in the top ten was exited outright this quarter.
How to read this filing critically
A 13F is a quarter-end snapshot of U.S. long positions, filed up to 45 days late. It excludes shorts, most foreign listings, and cash. The dollar values above are quarter-end marks from the filing itself, so they reflect both trading and price moves. The share counts are the cleaner signal: shares went up, the fund bought; shares went down, it sold. That is exactly how the change column above is computed. Our guide to reading a 13F filing covers the mechanics, and 13F vs 13D vs 13G vs Form 4 covers what each disclosure can and cannot tell you.
You can track every Berkshire quarter, with position-level history and filing provenance, on the Berkshire Hathaway fund page, or pull the same data programmatically via the API.
Frequently asked questions about Berkshire's 13F
When was this filing made?
Q1 2026 positions (as of March 31, 2026) were due to the SEC by May 15, 2026. This readout uses the effective filing after any amendments.
Does the 13F show Berkshire's whole portfolio?
No. It shows U.S.-listed long equity positions. Foreign holdings (like the Japanese trading houses), cash, and wholly-owned operating businesses do not appear on a 13F.
Did Berkshire really buy Alphabet, or is this a price effect?
Share counts, not values, prove buying: Class A shares went from 17.8 million to about 54.2 million. Price moves cannot change a share count.
Where can I verify these numbers?
Every position links to its source filing accession number in our data, and the original documents are on SEC EDGAR.
This article reports public regulatory filings. It is not investment advice.
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