Berkshire, Delta 39,800,000shares, 32.8billion dollars invested
Berkshire Hathaway re-entered the airline industry by purchasing Delta Air Lines 39,800,000shares and investing 32.8billion dollars. The same 13F filing confirmed reductions or liquidations of holdings in Visa, Mastercard, UnitedHealth Group, and Amazon.
Berkshire Hathaway’s latest 13F filing showed major changes to its portfolio. The document contained changes in holdings while Greg Abel was serving as CEO. Specific transaction details were listed by item.
The report included reductions or liquidations of holdings in Visa, Mastercard, UnitedHealth Group, and Amazon. Items specifying changes in holdings for each security were listed in the file. Detailed figures for the size of the sales can be confirmed in the filing documents.
The most notable item was the large-scale purchase of Delta Air Lines. Berkshire purchased 39,800,000shares of Delta, and the purchase amount was listed as 32.8billion dollars. The transaction showed that Berkshire’s position in the airline industry had resumed.
The document stated that Berkshire had previously incurred losses on airline stocks during the COVID period19It described this purchase as a resumption of a position related to airline stocks. Additional information, including the specific motivation for the transaction and the average purchase price, appeared only to a limited extent in the filing.
Delta was reflected in the document and related materials as trading at less than a certain price-to-earnings multiple. 10The F filing clearly specified the number of Delta shares held and the purchase amount. Other major position changes were also confirmed in the file.13The filing clearly specified the number of Delta shares held and the purchase amount. Other major position changes were also confirmed in the file.
This filing shows changes in Berkshire’s holdings structure. Investors can directly review the itemized changes in the original 13F file. Whether further revisions will be disclosed will be revealed again in the next quarterly filing and company announcements.
Sources: The Motley Fool
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