Berkshire Hathaway Shifts from Amazon to New York Times in Strategic Portfolio Rebalance
Berkshire Hathaway executed a dramatic reduction of its Amazon holdings, liquidating over 75% of its stake in the e-commerce behemoth during Q4. The Warren Buffett-led conglomerate redeployed $351.7 million into The New York Times Company, acquiring 5.1 million shares of the legacy media publisher.
This pivot marks a striking reversal from Buffett's 2018 exit from newspaper investments. NYT shares responded with immediate gains, climbing 1.8% in early trading Wednesday. Amazon concurrently ROSE 2%, demonstrating resilience despite Berkshire's divestment.
The quarterly filing revealed broader portfolio adjustments: Bank of America and Apple positions were trimmed to 7.1% and 1.5% respectively, while energy exposure grew through increased Chevron holdings. These moves reflect Berkshire's ongoing transition under new leadership.