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Berkshire Hathaway’s Increasing Stake in Delta & Southwest

from ETF Trends September 27, 2018

During the second quarter, Berkshire Hathaway increased its stake in Delta Airlines (DAL) and Southwest Airlines (LUV), while decreasing its holdings in American Airlines (AAL) and United Continental Holdings (UAL). While the company stated that these moves “were a response to the 10% limitation” rather than a reflection of its views on the individual securities, the number of Delta and Southwest shares purchased was not insignificant. Berkshire’s stake in Delta rose nearly 19 percent to 63.7 million shares from the first quarter, while Southwest went up to 56.5 million shares from 47.7 million in June.

United, Southwest, Delta, and American are the top four holdings in the U.S. Global Jets ETF (JETS), composing 50.02 percent of its total portfolio, as of the most recent quarter end.

 

Check out the full ETF Trends article on www.etftrends.com.

 

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ETF Trends publisher Tom Lydon is on the board of U.S. Global Investors.

U.S. Global Investors has no affiliation with Berkshire Hathaway.