Berkshire Hathaway CEO Warren Buffett, who owned about 11 percent of Delta Air Lines’ stock, has sold $4 billion worth of stock from several airlines.
Berkshire had an 11 percent stake in Delta, 10 percent in each American and Southwest, and 9 percent in United.
It sold some of the Delta and Southwest stakes in April.1 day ago
Does Warren Buffet own Delta?
Warren Buffett, CEO of Berkshire Hathaway.
Berkshire Hathaway filed a form late Monday with the Securities and Exchange Commission that showed it now has overall ownership of 71.9 million Delta shares. At the end of 2019, Buffett’s firm owned 70.9 million Delta shares, an 11.0% stake in the airline.
What airlines does Warren Buffett Own?
Currently, Berkshire holds significant stakes in four major carriers – American Airlines (NASDAQ:AAL), Delta, Southwest Airlines (NYSE:LUV) and United. In percentage terms, Berkshire owns between 8.8% and 11.2% in the four carriers. At American, Southwest and United, Berkshire is the second-largest shareholder.
How much of Delta does Warren Buffett Own?
With the latest purchase, Berkshire now owns more than 71.9 million shares of Delta, or 11.1% of the shares outstanding.
Why did Buffett buy Delta?
Warren Buffett’s Berkshire Hathaway snapped up Delta stock after coronavirus sent it down 20% Warren Buffett’s Berkshire Hathaway bought Delta stock during the coronavirus-driven selloff last week. The billionaire investor’s conglomerate spent about $45 million on nearly 1 million of the airline’s shares.