The addition of two new names, Delta Air Lines and Macy's, to the portfolio are hard to explain.

Although the benchmark S&P 500 has clawed back to record territory and the VIX has settled into a sleepy 16.7 reading, Wall Street's memory is shorter than its history would suggest.

Berkshire Hathaway's utility arm is a reliable cash cow. This operation also performs well regardless of the economic backdrop.

Whale Rock Capital Management, run by the very impressive Alex Sacerdote, is having its moment in the sun after yet another incredible quarter.

Polymarket traders think that OpenAI, Anthropic and SpaceX will trade at valuations on their first day on public markets north of at least $1.4 trillion. On Wednesday, SpaceX officially filed for its public debut, while reports circulated that OpenAI reportedly is preparing to do so confidentially and that Anthropic might have its first profitable quarter.

Greg Abel passed his first test, navigating the 2026 annual meeting confidently and earning investor trust in the post-Buffett transition. Q1 operating earnings came in strong at $11.35B, up 17.7% YoY, with insurance underwriting and BNSF as standout performers. The $397B cash pile remains the biggest overhang for BRK.B, with nearly 40% of market cap sitting in T-Bills acting as a drag on compounding and shareholder returns.

Warren Buffett sold more stock than he bought for 13 quarters before Greg Abel came in.

Warren Buffett stepped down as CEO of Berkshire Hathaway on December 31, 2025, after six decades leading the conglomerate he transformed from a struggling textile mill into a $1 trillion empire.

Berkshire boosts Japan trading house stakes, exits Visa/Mastercard and buys Delta shares as new CEO Greg Abel targets steady cash flow.

Warren Buffett spent six decades insisting that big technology sat outside his circle of competence.