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From our partners at Weiss Ratings
Dear Reader, June 30. Most investors think that's the target window for the historic $1.75 trillion SpaceX IPO. But they only know half the story. June 30 is actually the deadline for an announcement that could blow the lid off Elon's highly anticipated "Project Unlimited." In short, what I'm calling "Project Unlimited" is Elon Musk's master plan to save the AI industry. But here's the most important part about it … Right now, there is one under-the-radar tech firm that is absolutely essential to Elon's new master plan. They've already shipped 5 billion critical components to SpaceX, making them the absolute linchpin of this operation. And because SpaceX has been private for so long, this partnership has flown almost completely under the radar. But that all ends the moment SpaceX goes public. Once Wall Street analysts start digging into SpaceX's supply chain, I predict this behind-the-scenes partner will be front-page news on CNBC and Bloomberg. That's why you have to position yourself before the IPO frenzy begins. If you wait until the media connects the dots, the chance for life-changing gains could slam shut. Click here to get the name of this "hidden" stock before the June deadline. 
Michael Robinson
Saturday's Exclusive Article
Willing and Abel: Berkshire's New CEO Makes Huge Portfolio Changes in Q1Author: Leo Miller. Article Published: 5/18/2026. 
Key Points
- Berkshire Hathaway's new CEO isn't making a quiet entrance when it comes to portfolio moves.
- Berkshire's Q1 13F filing revealed many large shifts in its portfolio, with a new leader at the helm.
- Alphabet and New York Times were winners, while Amazon and two payment giants lost their seats at the table.
- Special Report: Goldman Sachs just told you what to buy (most people missed it)
It only takes one look at Berkshire Hathaway’s (NYSE: BRK.B) latest 13F filing to see that someone new is in charge. Warren Buffett retired as CEO at the end of 2025, and Greg Abel succeeded him. Saying that Abel turned over Berkshire’s portfolio in Q1 2026 may be an understatement. In reality, “consolidated” may be a better fit. In Q1, Berkshire completely sold out of more than 15 positions and added just a few new ones. Overall, the number of holdings fell from 42 to 29, creating a significantly more focused portfolio. These are the biggest moves from Berkshire Hathaway's Q1 2026 13F filing. Behemoths Go to Zero: Berkshire Exits Several Mega-Caps
When the SpaceX IPO launches, most retail investors will be locked out. The banks, funds, and insiders get in early - while everyone else waits on the sidelines.
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Notably, the world’s two largest players in the payments industry lost their spot in Berkshire’s portfolio. Visa (NYSE: V) and Mastercard (NYSE: MA), both of which Berkshire previously held positions of more than $2 billion in, saw their shares held fall to zero. This comes at a time when fears that agentic AI commerce could disrupt traditional payment platforms have hurt both stocks. Still, it is difficult to say that Berkshire decided to sell Visa and Mastercard based on this, given Berkshire’s very limited exposure to the AI investment theme. Further pushing back on this idea is the fact that the position in American Express (NYSE: AXP) remains unchanged. UnitedHealth Group (NYSE: UNH), the world’s largest health insurance company, also went to zero. This is somewhat odd, as Berkshire made headlines by investing in the company just three quarters ago. It is entirely possible that Berkshire exited this position at a loss, with UNH shares down 11% from the end of Q2 2025 to the end of Q1 2026. Given the quick sale, it is interesting to consider whether Abel disagreed with the initial investment. The other most notable sale was clear: Amazon.com (NASDAQ: AMZN). This appears to be an extension of what happened in the previous quarter, as Berkshire likely sees another Magnificent Seven firm as better positioned in the AI race. In Q4 2025, Berkshire drastically decreased its Amazon position by 77%, while holding its large position in Alphabet (NASDAQ: GOOGL). This quarter, Berkshire’s Amazon position disappeared, and Alphabet got much, much bigger. Other notable exits included Domino’s Pizza (NASDAQ: DPZ), Pool (NASDAQ: POOL), and Charter Communications (NASDAQ: CHTR). Additionally, Berkshire dropped its stake in Mexican beer maker Constellation Brands (NYSE: STZ) by 95%. Berkshire Doubles Down on Alphabet, New York TimesThe shift in Berkshire's Alphabet position is the biggest story from a buying standpoint. Notably, Berkshire increased its position in Alphabet’s Class A shares (ticker symbol GOOGL) by 204%. Combined with appreciation, this moved the value of the position from around $5.6 billion at the end of Q4 to $15.6 billion at the end of Q1. Berkshire also didn’t stop there, buying $1.03 billion worth of Alphabet’s Class C shares (ticker symbol GOOG). Over the recent past, it has clearly come to believe that Alphabet is the best-positioned public AI hyperscaler. Over the past six months, Alphabet has been beating the rest of the top hyperscalers by a wide margin when it comes to returns. The stock is up more than 40%, with Amazon’s gain of less than 15% a distant second. Overall, Berkshire’s position in Alphabet was approximately $16.6 billion at the end of Q1, making it its seventh-largest holding. However, Alphabet wasn’t the only huge buy. Berkshire also massively increased its stake in the New York Times (NYSE: NYT). Its shares held increased by 199%, and the value of the position rose from $351 million to $1.27 billion. It’s uncertain if a Q1 event significantly increased Berkshire’s conviction in NYT, or if it simply needed to redeploy capital from sold positions. Either way, Berkshire got rewarded for this move after NYT’s latest earnings report. The company posted results that were genuinely strong, sending shares up more than 8% in response. Delta and Macy’s Enter the FoldIn terms of new holdings, Berkshire initiated positions in Delta Air Lines (NYSE: DAL) and Macy's (NYSE: M). Its DAL position is moderately large, worth $2.65 billion. Meanwhile, Macy’s is its third-smallest holding at $55 million. Notably, Delta shares fell as much as 16% in Q1. This came weeks after the beginning of the conflict in Iran. Jet fuel prices more than doubled, putting significant pressure on Delta shares. It is likely that Berkshire saw this as an opportunity to take advantage of that shock. Meanwhile, Macy’s fell as much as 23% in Q1. Compared with its all-time high market cap near $24.5 billion in 2015, the retailer has lost around 80% of its value. However, the company’s last earnings report was solid, beating on sales, adjusted earnings per share, and issuing better-than-expected 2026 sales guidance. Abel’s Tenure Kicks off With FireworksOverall, Q1 2026 was Berkshire’s most notable 13F filing in quite some time, and Greg Abel made his presence felt. It will be interesting to see whether Q1 marks a reset of Berkshire’s portfolio, with future changes returning to relatively minimal levels. On the other hand, it could be that Abel is just getting started, and more large changes will follow. |
