Berkshire Hathaway Boosts Bets on Housing Market and Tech Sector

Investment conglomerate Berkshire Hathaway, led by CEO Greg Abel, has released its 13F portfolio filing for the second quarter of 2026, showcasing a renewed confidence in the U.S. housing market and strengthened strategic investments in the technology and airline sectors. The company expanded its existing investment in homebuilder Lennar Corporation (LEN) and initiated a new position in industry peer DR Horton Inc (DHI).

These significant adjustments are part of broader changes within Berkshire Hathaway's equity portfolio. The firm aggressively expanded its stake in Alphabet (GOOGL, GOOG), adding tens of millions of shares across both share classes. This accumulation pushed Alphabet to become one of Berkshire's largest holdings, with total investment potentially nearing 100 million shares. Additionally, Berkshire reinforced its commitment to the airline industry by increasing its position in Delta Air Lines (DAL) by approximately 17.5 million shares.

The second quarterly filing under Greg Abel's leadership also detailed other notable portfolio adjustments. Berkshire disclosed new purchases of nearly $2 billion in Japanese insurer Tokio Marine and over $1 billion in additional investments in Japanese trading companies where it already held significant stakes. Conversely, the company reduced its exposure to the banking sector, trimming its massive Bank of America (BAC) position by more than 30 million shares and narrowing its stakes in Capital One Financial (COF) and Ally Financial.

Market observers are closely scrutinizing these portfolio shifts. The robust moves in the housing sector reflect confidence in real estate fundamentals despite ongoing macroeconomic uncertainties. The increased stakes in technology and airlines, meanwhile, signal expectations for long-term growth potential in these areas. While Berkshire sold over $24 billion in stocks in the previous quarter, the pace slowed in Q2 with over $3 billion in sales, juxtaposed against more than $23 billion in new equity purchases.

Analysts point to a more active portfolio management style under Greg Abel since he took over from Warren Buffett. The substantial increases in companies like Alphabet and Delta Air Lines underscore Abel's strategic preferences for growth-oriented and cyclical sectors. Going forward, the market will continue to watch for further potential reductions in legacy holdings such as Kraft Heinz (KHC) and new ventures into emerging sectors as Berkshire Hathaway's portfolio evolves under its new leadership.