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Buffett’s Berkshire drops bold $55M bet on struggling retail icon

THE STREET·May 18 ago·3 min read
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Most investors have been running away from Macy's in 2026. But Greg Abel just ran toward it with $55 million of Berkshire Hathaway's money. The new Berkshire CEO made headlines Friday when the conglomerate's Q1 2026 13F filing revealed a brand new 3.04 million-share stake in Macy's (M) valued at …

Most investors have been running away from Macy's in 2026. But Greg Abel just ran toward it with $55 million of Berkshire Hathaway's money. The new Berkshire CEO made headlines Friday when the conglomerate's Q1 2026 13F filing revealed a brand new 3.04 million-share stake in Macy's (M) valued at …

Most investors have been running away from Macy's in 2026. But Greg Abel just ran toward it with $55 million of Berkshire Hathaway's money. The new Berkshire CEO made headlines Friday when the conglomerate's Q1 2026 13F filing revealed a brand new 3.04 million-share stake in Macy's (M) valued at …

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