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Berkshire Unveils $352 Million New York Times Stake, Trims Apple, Slashes Amazon

The disclosure underscores a pivot from concentrated big‑tech stakes to selective bets in media, energy, insurance.

Warren Buffett
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Just five years after Berkshire Hathaway sold all 31 of its papers and Warren Buffett deemed the industry “toast,” the investor has rejoined a legion of billionaires with their money in media.

Overview

  • Berkshire disclosed a new 5.07 million‑share position in The New York Times worth about $351.7 million, and the publisher’s stock rose in after‑hours trading following the filing.
  • The conglomerate reduced its Apple holding by roughly 4% in the fourth quarter, leaving the iPhone maker as Berkshire’s largest equity position at about $62 billion.
  • About 7.7 million Amazon shares were sold, cutting the stake by roughly 77% and leaving the firm with about 2.3 million shares.
  • The filing shows continued rotation toward energy and insurance, including additional Chevron shares and a larger Chubb stake, alongside the sale of roughly 50 million Bank of America shares.
  • The trades occurred in Warren Buffett’s final quarter as CEO, and the 13F does not specify whether he, Greg Abel, or a Berkshire portfolio manager executed the moves.