Legendary investor Warren Buffett has made final changes to Berkshire Hathaway's investment portfolio before officially handing over the reins to his successor. The conglomerate drastically reduced its holdings in the technology sector, disposing of most of its shares in e-commerce giant Amazon. Simultaneously, the billionaire surprised financial markets by returning to the newspaper sector through the purchase of a significant stake in publisher New York Times, which triggered an immediate rise in the company's stock price.

Sale of Amazon Shares

The Berkshire Hathaway portfolio was reduced by over 75 percent of shares in e-commerce giant Amazon in the last quarter.

Investment in New York Times

Warren Buffett bought 5.07 million shares of the prestigious newspaper for $351.7 million, returning to the newspaper industry.

Succession at Berkshire Hathaway

The final changes to the portfolio were made before Greg Abel, the legendary investor's successor, took over the reins.

Warren Buffett, known as the 'Oracle of Omaha,' conducted a final review of Berkshire Hathaway's assets before Greg Abel took over as managing director. Analysts interpret these moves as a clear signal of a change in the conglomerate's strategy. The biggest surprise is the almost complete withdrawal from Amazon. The fund sold over 75% of its shares in this e-commerce platform in the fourth quarter of 2025. This decision comes as Buffett is also exiting other technology giants and banking, which may suggest concerns about overvaluation in these industries. For decades, Warren Buffett avoided investing in technology, claiming he only invests in what he understands. This changed in the last decade when a significant portion of his portfolio was occupied by Apple and Amazon stocks.A completely new element in the portfolio is New York Times. Berkshire Hathaway disclosed ownership of approximately 5.07 million shares of this newspaper, valued at nearly $351.7 million. This is significant because in 2020, Buffett completely exited the newspaper industry by selling his local titles. The current return may indicate an optimistic assessment of the New York daily's subscription model. The market reacted enthusiastically – after the announcement, NYT shares rose over 3% in after-hours trading. 75% — decline in Amazon holdings in one quarter„Buffett's entry into listed companies has been considered a guarantee of quality and stability for decades.” — Bloomberg BusinessThese actions are part of a broader power transition process. Greg Abel, who is taking over as head of the conglomerate, inherits a portfolio more diversified towards traditional media with established digital brands. Although the billionaire is stepping down as CEO, his final investment choices set the direction Berkshire Hathaway will follow in the coming years.

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Mentioned People

  • Warren Buffett — Legendary investor and longtime head of Berkshire Hathaway, known for his long-term value investing strategy.
  • Greg Abel — Successor to Warren Buffett as CEO of Berkshire Hathaway.