world-economy

Berkshire's Q1 Macy's Purchase Likely Buffett's 'Tiny' Investment

Berkshire Hathaway's first-quarter regulatory filing appears to confirm Warren Buffett's March remarks about making a small portfolio addition. The conglomerate acquired roughly $55 million in Macy's stock during the opening quarter, fitting Buffett's characterization of a "tiny purchase" made when the company was struggling to identify larger investment opportunities. The position represents a negligible portion of Berkshire's portfolio, valued at more than $300 billion. A substantially larger first-quarter disclosure showed the firm's approximately $2.6 billion stake in Delta Air Lines, which would not align with Buffett's description of the modest buy. Investors should note that Berkshire's quarterly equity filings capture only U.S.-listed positions meeting reporting requirements. This means the investment Buffett referenced could involve international holdings or other positions not yet publicly disclosed.