Warren Buffett hinted earlier this year that Berkshire Hathaway had made a modest addition to its vast holdings, and a recent regulatory filing may have identified the investment as a roughly $55 million stake in Macy's.
The disclosure came in a quarterly report released Friday, showing Berkshire initiated the position in the department store chain during the first quarter. This aligns with comments Buffett made in a March interview with CNBC's Becky Quick, where he described the move as "one tiny purchase."
At the time, Buffett noted that the conglomerate was still struggling to identify larger opportunities. "Got one tiny purchase, but we aren't finding things that — we weren't finding them before," he said during the conversation.
The Macy's holding stands in contrast to Berkshire's other new position disclosed for the quarter, a much larger roughly $2.6 billion stake in Delta Air Lines. That investment would not fit the description of a modest addition given the scale of Berkshire's overall portfolio, which exceeds $300 billion.
Investors should note that the quarterly equity filings cover only U.S.-listed positions meeting certain thresholds. This leaves room for the possibility that Buffett was referring to an international holding or another asset not captured in the latest disclosure, according to the report.
Buffett stepped down as Berkshire's chief executive at the start of 2026, passing the role to Greg Abel. Despite the transition, the 95-year-old has remained active in investment decisions and continues to visit the office daily.
He has described ongoing collaboration with colleagues on trading activity, including regular discussions with Mark Millard, Berkshire's director of financial assets. "I won't make any [investments] that Greg thinks are wrong. ... Greg gets the sheet every day," Buffett said.
Millard's office is located about 20 feet from Buffett's, allowing for frequent conversations before the market opens to review developments. Millard then executes trades based on those exchanges.
During the first quarter, Berkshire also reduced several positions, including sales of Mastercard and Visa shares. These moves were part of an effort to unwind holdings associated with Todd Combs, a longtime investment manager who departed for JPMorgan at the end of 2025.
Ted Weschler, the remaining investment manager, continues to oversee approximately 6 percent of the portfolio. The changes reflect ongoing adjustments within Berkshire's investment operations following the leadership shift.
The filing provides a snapshot of activity but does not confirm every detail of Buffett's March remarks. Officials at Berkshire have not issued additional statements clarifying the exact nature of the "tiny purchase" beyond what appears in the regulatory documents.
Market observers will continue to monitor future disclosures for more insight into how the firm is deploying capital amid a challenging environment for finding attractive opportunities. Buffett's comments underscored the difficulty in identifying suitable investments at current valuations.
Berkshire's approach remains focused on long-term value, even as smaller positions like the Macy's stake draw attention for their potential significance relative to the overall size of the holdings.