Warren Buffett

Warren Buffett reshaped Berkshire Hathaway's equity portfolio more aggressively in Q1 2026 than in any prior quarter on record, with $45.2B — roughly 18% of the disclosed book — moving across sectors in a single filing period. On the add side, Buffett increased Communication Services exposure by a net $12.0B (≈5% of book), anchored by a record $10.0B addition to Alphabet. Energy holdings grew by $3.9B (≈2% of book), with a new $17.5B Chevron stake among the entries, and Industrials picked up $1.6B. The trims were equally decisive. Financials fell by $21.3B (≈8% of book), driven by a record $10.2B reduction in American Express — though Berkshire retained a $45.9B position. Information Technology declined by $4.1B (≈2% of book), even as Apple remained the portfolio's largest holding at $57.8B. Consumer Staples slipped by $737.7M. The breadth of the move — new stakes opened in Kroger, Kraft Heinz, NVR, Delta Air Lines, Nucor, and Constellation Brands alongside the headline Alphabet and Chevron additions — points to a portfolio-wide recalibration, with financial-sector weight reduced and consumer, energy, and tech exposure rebalanced around it.