Warren Buffett's Q1 2026 Portfolio — Alphabet Stake Up 204%, Full Exit from Visa, Mastercard
Berkshire Hathaway increased its Alphabet (GOOGL) stake by 204% in Q1 and initiated a new position in Delta Air Lines (DAL). Meanwhile, it fully exited five holdings including Visa (V), Mastercard (MA), and UnitedHealth (UNH). Total AUM stands at $260.4B.
- Buffett raised GOOGL 204% and added DAL in Q1 2026, exiting V, MA, UNH and 2 others
- AUM totals $260.4B across 20 holdings
Warren Buffett disclosed in his 2026 Q1 13F filing that Berkshire Hathaway increased its Alphabet (GOOGL) stake by 204%. Berkshire also initiated new positions in Delta Air Lines (DAL) worth $2.6 billion and Google (GOOG) worth $1 billion, while fully exiting five holdings — Visa (V), Mastercard (MA), UnitedHealth (UNH), Domino's Pizza (DPZ), and Aon (AON). Total assets under management (AUM) stood at $260.4 billion across 20 holdings.
Top 5 Holdings — Q1 2026
Key Portfolio Moves
Berkshire Hathaway's portfolio remains concentrated in its top three holdings. Apple (AAPL) held the top spot at $57.8 billion (22.0%), followed by American Express (AXP) at $45.9 billion (17.4%) and Coca-Cola (KO) at $30.4 billion (11.6%). The top three positions alone account for 51% of the portfolio, underscoring Berkshire's continued concentrated investing approach. Energy exposure, meanwhile, was trimmed. Chevron (CVX) fell to $17.5 billion after a 35% reduction, while Occidental Petroleum (OXY) remained just outside the top five.
- GOOGL: Stake expanded 204% to $15.6B — a stronger bet on AI and cloud growth
- DAL: New position worth $2.6B — re-entry into airlines, reflecting recovering travel demand
- V, MA: Fully exited at $2.9B and $2.3B respectively — reduced exposure to payment networks amid portfolio restructuring
The biggest change was the expanded stake in Alphabet (GOOGL), which grew 204% to $15.6 billion, climbing to the seventh-largest position. Berkshire also built a separate $1 billion position in Google (GOOG), creating a dual holding. It also put $2.6 billion into a new Delta Air Lines (DAL) stake, signaling a re-entry into airlines. On the other hand, Berkshire fully exited five positions: payment network stocks Visa (V, $2.9 billion) and Mastercard (MA, $2.3 billion), along with UnitedHealth (UNH), Domino's Pizza (DPZ), and Aon (AON).
What to Watch Next Quarter
The expanded Alphabet stake alongside the full exit from payment network stocks is being read as a sign that Buffett is rebalancing between growth and defensive names. Whether the Chevron drawdown continues and whether the new Delta Air Lines position grows further will be the key things to watch in next quarter's 13F filing.
Frequently Asked Questions
What stocks did Warren Buffett recently buy?
In Q1 2026, Warren Buffett bought new stakes in Delta Air Lines (DAL) worth $2.6 billion, Google (GOOG) worth $1 billion, and Macy's (M) worth $55 million.
What was the biggest change in Warren Buffett's Q1 2026 portfolio?
Alphabet's (GOOGL) stake expanded 204% to $15.6 billion (5.9% of the portfolio), while Berkshire fully exited five holdings: Visa (V), Mastercard (MA), UnitedHealth (UNH), Domino's Pizza (DPZ), and Aon (AON).
What is Warren Buffett's largest holding?
Apple (AAPL) is the largest holding at $57.8 billion, representing 22.0% of the total portfolio.
What is Berkshire Hathaway's AUM?
As of the Q1 2026 13F filing, Berkshire Hathaway's total assets under management (AUM) stand at $260.4 billion across 20 holdings.
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