May 15 (Reuters) – Berkshire Hathaway on Friday disclosed a new $2.65 billion investment in Delta Air Lines and a small stake in Macy’s, and said it sold many of its smaller stock holdings including in Amazon.com and UnitedHealth Group.
The changes are part of a portfolio reshuffling that followed the recent departure of an investment manager who helped Berkshire Chairman Warren Buffett invest the conglomerate’s cash.
According to a regulatory filing, Berkshire also exited multibillion-dollar stakes in the card networks Visa and Mastercard in the first quarter, as well as a sizable stake in insurance brokerage Aon.
The quarter was the first since Greg Abel succeeded Buffett as Berkshire’s chief executive, and the first full quarter since Buffett protege Todd Combs left to join JPMorgan Chase and lead a new investment initiative.
(Reporting by Jonathan Stempel in New York; Editing by Bill Berkrot)
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