Berkshire’s new CEO overhauls portfolio, dumping a slate of stocks

ABEL OVERHAULS PORTFOLIO Notable positions cut, Alphabet more than tripled, Delta is back Berkshire Hathaway’s equity portfolio got one of its biggest renovations ever during Greg Abel’s first three months as the company’s CEO, according to a new SEC filing. Two new names, Delta Air Lines and Macy’s , have been added to the list, along with increases for four holdings. Google parent Alphabet got the biggest boost as Berkshire increased the number of shares it owns by 224% in the first quarter. Given its size, the increase is almost certainly an Abel move that was either endorsed, or possibly...