Delta reports Q3 Friday before the open
Berkshire sold all four of its US airlines in 2020 at a loss. This year, under Abel, it went back in. 39.8M Delta shares in Q1, another 17.5M in Q2. That's 57.3M shares, about 8.7% of the company
It's small for Berkshire, under 2% of the portfolio. But you don't end up with 8.7% of an airline by accident
The stock closed at $83.66 yesterday, about 11% below where it ended June, so the stake is worth around $4.8B now against $5.4B on the June 13F
What would you want to hear tomorrow to think this was a good call?
No position