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Berkshire Adds Google, Delta, Trims BofA, Kroger As Abel Taps Into Record Cash Hoard

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11 hours 22 minutes ago
Berkshire Adds Google, Delta, Trims BofA, Kroger As Abel Taps Into Record Cash Hoard

While nowhere near as tumultuous as the transformational first quarter in Berkshire's post-Warren Buffett era which saw over a dozen names rotated in and out, in the second quarter there were a few notable changes under Berkshire's new CEO, Greg Abel. 

In a quarter in which Abel spent a net $20 billion on other equities, and repurchased about $4.5 billion of its own stock, leaving it with $365.5 billion of cash at midyear, down from a record $397 billion at the end of March, Berkshire added to its holdings in Alphabet and Delta Air Lines as Greg Abel began tapping into the company’s massive cash hoard. 

After years of relatively subdued deal activity under Buffett, who often bemoaned lofty market valuations, Abel oversaw back-to-back multibillion-dollar transactions in the period.

He spent $6.8 billion to buy homebuilder Taylor Morrison Home, a typical value bet, while also handing $10 billion to Alphabet to support its investments related to artificial intelligence as part of the company's unprecedented ATM offering; the deal represented a new area for the conglomerate which had historically stayed away from most tech names. Here are the other transactions disclosed changes in the Berkshire 13F:

New positions:

  • D R Horton (DHI), a tiny new stake worth $580K as of June 30

Raises:

  • Alphabet (GOOGL) 48.1MM shares added, or $21.1BN, to $37.8BN as of June 30, making it Berkshire's 3rd largest holding,
  • Delta Air Lines (DAL), 17.5MM shares added, or $2.7BN, to $5.4BN
  • Lennar (LEN), 3.1MM shares added, to $315.9MM, to $1.2BN
  • New York Times (NYT), 553K shares added, or $$169.5MM, to $1.1BN
  • Macy's (M), 4.3MM shares added, or $118MMM, to $173.0MM

Cuts:

  • Bank of America (BAC), 30.2MM shares sold bringing total down to 483.4MM shares worth $27.5BN as of June 30
  • DaVita (DVA), 1.2MM shares sold bringing total to 28.9MM shares worth $6.4BN 
  • Kroger (KR), 11MM shares sold bringing total to 39MM shares worth $2.2BN 
  • Ally Financial (ALLY), 2MM shares sold bringing total to 27MM shares worth $1.2BN
  • Capital One (COF), 4.2MM shares sold bringing total to 3MM shares worth $602MM
  • Nucor (NUE), 2MM shares sold bringing total to 1.9MM shares worth $413MM 

Exits:

  • Entire position in Constellation Brands (STZ) for $95MM as of March 31. 

Full breakdown:

Source: Edgar

Tyler Durden Fri, 08/14/2026 - 18:50
Tyler Durden

State Department Revokes Over 175,000 Visas Of Foreign Nationals Accused Of Crimes

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11 hours 47 minutes ago
State Department Revokes Over 175,000 Visas Of Foreign Nationals Accused Of Crimes

Via American Greatness,

President Donald Trump’s State Department has revoked more than 175,000 visas held by foreign nationals accused of crimes since the start of last year, officials said this week, marking one of the administration’s most sweeping efforts yet to remove dangerous individuals from the country.

State Department officials said the majority of revocations targeted foreign nationals accused of assault, drunk driving, theft, drug crimes, fraud, immigration violations and threats to national security.

A significant share of the revoked visas also involved allegations of child abuse, sexual assault, embezzlement and reckless driving.

Among the cases cited by officials, one foreign national lost his visa after being charged with rape and sexual battery of a victim who is mentally disabled. Another had a visa revoked following charges of felony kidnapping, human trafficking and sexual exploitation of a minor.

Other cases included a foreign national arrested for disorderly conduct, resisting arrest with violence, drunk driving and domestic violence, as well as individuals charged with sodomy of a child, aggravated sexual battery, and possession of more than a dozen counts of child sexual abuse material.

One foreign national was arrested for driving with heroin in the vehicle and a blood alcohol level more than three times the legal limit.

A U.S. embassy in North Africa revoked more than 100 visas held by so-called birth tourist parents who officials said traveled to the United States primarily to give birth so their children would obtain American citizenship.

Officials also flagged financial crimes among the revocations, including a foreign national accused of orchestrating a Medicaid scheme that billed more than $5 million for fake services under the guise of a legitimate healthcare business, and another who fabricated company revenue and forged letters to swindle investors and clients while using the false claims to fraudulently obtain a visa.

A foreign national who came to the United States to teach young students was arrested and had his visa revoked after being accused of sexually assaulting one of them.

Several foreign nationals lost their visas after publicly celebrating the assassination of Charlie Kirk, including one who wrote that “when fascists die, democrats don’t complain” and another who said Kirk “died too late.”

Secretary of State Marco Rubio has also moved against foreign nationals deemed threats to national security, revoking the visa of a Cuban national with ties to the communist regime and of Iranian nationals connected to the Iranian government.

Officials additionally revoked the visa of a Laotian child sex offender previously pardoned by Minnesota Gov. Tim Walz, a Democrat, as well as a Kuwaiti national accused of expressing a desire for violence against Trump and referring to Americans as the “enemy.”

Tyler Durden Fri, 08/14/2026 - 18:25
Tyler Durden

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