Legendary investor Warren Buffett has made significant recent moves ahead of stepping down as CEO of Berkshire Hathaway. The conglomerate invested approximately $350 million in shares of The New York Times Company, acquiring nearly 5 million shares. Simultaneously, the company radically reduced its exposure to the technology sector, selling 75% of its Amazon shares and trimming its holdings in Apple and Bank of America, causing a stir in financial markets.

New Investment in Media

Warren Buffett purchased 5 million shares of The New York Times worth approx. $350 million, seen as a "royal endorsement" of the publisher.

Retreat from Technology

Berkshire Hathaway sold 75% of its Amazon shares and reduced stakes in Apple, preparing huge cash reserves.

Split of a Sports Giant

MSG Sports plans to separate the NY Knicks and NY Rangers clubs, boosting the company's market valuation by 16%.

Warren Buffett, known as the "Oracle of Omaha," concluded his long tenure as chairman of Berkshire Hathaway with a spectacular reorientation of its investment portfolio. The highlight of the new financial reports is the entry into the shareholder structure of the New York Times Company. Buffett invested about $350-375 million, translating to the purchase of 5 million shares and an immediate stock price surge of over 3-13% in trading. This move is interpreted as an expression of confidence in traditional journalism in a modern, digital form. Warren Buffett has shown an affinity for the press for decades; in the past, Berkshire Hathaway owned several dozen local newspapers, which were sold in 2020 to Lee Enterprises for $140 million. Analysts were surprised by the scale of the sale of Amazon shares. Berkshire Hathaway divested as much as 75% of its position (approx. 7.7 million shares) in this e-commerce giant. A similar fate befell tech giant Apple, from which over 10 million shares disappeared from the portfolio, as well as Bank of America. The investor is clearly shifting funds towards the energy and defense sectors, increasing stakes in Chevron and insurance company Chubb. By the end of 2025, the holding company had a record cash level, paving the way for the rule of his successor, Greg Abel. Parallel to the news about Buffett, the U.S. market is abuzz with plans from Madison Square Garden Sports. The company's board approved a plan to separate the New York Knicks (NBA) and New York Rangers (NHL) into two separate public companies. This decision aims to better market-value each of these prestigious sports brands, resulting in a record 16% increase in the conglomerate's stock price. Stock Price Changes After Announcement: New York Times: 13.5, MSGS (Knicks/Rangers): 16.2, Amazon: -2.1, Apple: -1.4 75% — decline in Berkshire's involvement in Amazon shares

Mentioned People

  • Warren Buffett — Legendary investor, longtime head of Berkshire Hathaway, who at age 95 is handing over the reins of the company.
  • Greg Abel — Successor to Warren Buffett as CEO of Berkshire Hathaway.