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Buffett's Final Move: NYT Stake Acquired
18 Feb
Summary
- Berkshire Hathaway acquired a significant stake in The New York Times.
- The conglomerate reduced its holdings in Apple and Bank of America.
- Berkshire's cash pile reached a record high of over $350 billion.
In his final quarter leading Berkshire Hathaway, Warren Buffett initiated the acquisition of a substantial stake in The New York Times Company. The conglomerate purchased approximately 5.1 million shares during the last three months of 2025, a disclosure revealed on Tuesday. This position was valued at roughly $352 million by the close of December.
Concurrently, Berkshire Hathaway reduced its investments in key holdings, notably trimming its stakes in Apple by about 4% and Bank of America by 9%. The company also significantly decreased its Amazon stake, selling off 77% and reducing its value from $2.2 billion to $525 million.
Berkshire bolstered other holdings, including Chubb and Chevron, while divesting from entities like Aon. Its Alphabet stake, established in the third quarter, saw its value rise from $4.3 billion to $5.6 billion due to a surge in Google's parent company shares.
Buffett, who led Berkshire for six decades, transformed it from a textile mill into a $1 trillion conglomerate. His successor, Greg Abel, took over as CEO at the beginning of this year. Buffett's team had been net sellers of stocks for 12 consecutive quarters, with Berkshire's cash pile reaching an unprecedented over $350 billion.
