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MarketBeat
MarketBeat
Leo Miller

What's Make of Macy's: Berkshire Hathaway's Latest Buy

Macy Mỹ Berkshire Berkshire Hathaway Reimagine Bloomingdale Bluemercury MarketBeat NYSE

In Q1 2026, investment management behemoth Berkshire Hathaway (NYSE: BRK.B) made a portfolio decision that few saw coming. According to its 13F SEC filing, Berkshire took a new position in Macy’s (NYSE: M)—one of the United States' most iconic department stores.

While Macy’s has closed many locations since its peak in 2015, the firm still remains one of the top names in its industry. In fact, in 2024, Macy’s ranked as the world’s largest department store based on sales, with revenue of approximately $23.7 billion.

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