Buffett just tripled Berkshire’s GOOGL stake and bought Delta again what’s the read?

Berkshire’s Q1 2026 13F had a few surprisingly clear signals.

The biggest one: GOOGL.

Berkshire increased its Google position from 17.8M shares to 54.2M shares. That is a +204% increase, taking the position from about $5.6B to $15.6B.

That is not a tiny starter bet. That is roughly $10B added in one quarter.

The second surprise: DAL.

Berkshire opened a new Delta position worth about $2.65B. That is notable because Buffett famously dumped the airlines in 2020 and said he was wrong about the business.

The third move: CVX was cut 35%.

Chevron went from 130.2M shares to 84.4M shares. Still a big position, but clearly reduced.

So the question is:

Is Berkshire rotating from energy into tech/travel?

Or is this just a normal quarter where GOOGL looked cheap, Delta looked attractive, and CVX got trimmed for portfolio reasons?

Personally, I think the GOOGL move is the real story. Apple is still Berkshire’s largest public equity position, but tripling Google in one quarter suggests real conviction.

Curious how others are reading this.