Berkshire Hathaway Rebalances Portfolio: Sells Bank of America, Boosts Delta Air Lines

Key Facts

1Berkshire Hathaway sold approximately 30.2 million shares of Bank of America in Q2, reducing its position by 5.9%.

2The company increased its stake in Delta Air Lines by 44% to 57.3 million shares.

In a move reflecting a strategic shift in asset allocation by one of the world's largest institutional investors, Berkshire Hathaway executed a significant capital rotation under Greg Abel's leadership. According to reports, the company sold approximately 30.2 million shares of Bank of America, reducing its position by 5.9% in a sale valued at $1.7 billion. Simultaneously, the firm bolstered its aviation exposure by increasing its stake in Delta Air Lines by 44%, bringing its total holding to 57.3 million shares.

This shift to reduce banking sector exposure comes as major financial institutions show varied performance, with Bank of America (BAC) closing at $61.86 per market data (close August 20, 2026). Among its peers, Citigroup (C) closed at $61.86 and Wells Fargo (WFC) at $83.70 on the same date, while JPMorgan Chase (JPM) stood at $350.85 (close August 21, 2026).

Traders should watch BAC price levels after it touched a daily low of $61.81 on August 20, 2026, as this institutional exit may create continued selling pressure. Looking ahead, broader market sentiment may be influenced by upcoming US Building Permits and Housing Starts data, which serve as indicators for consumer strength and its impact on cyclical sectors like airlines and banking.

Sources:

fool.com