Summary for internal reference: Berkshire Hathaway sold over 75% of its Amazon stake in Q4 and used proceeds to buy 5.1 million shares of The New York Times, valued at about $352 million at year‑end, while also trimming stakes in Bank of America and Apple and increasing holdings in Chevron and Chubb.
In the fourth quarter, Berkshire Hathaway sold more than 75% of its Amazon holdings and used the proceeds to buy shares of The New York Times. The firm acquired 5.1 million NYT shares, valued at about $352 million at year‑end.
The transactions appeared in a regulatory filing on Tuesday. (Ed. note: Buffett sold Berkshire’s newspapers five years earlier and warned of ongoing industry declines.)
The New York Times stock rose 1.8% to $75.39 in early trading and gained another 1% by midday. Amazon also climbed, rising more than 2% in the same session.
Berkshire trimmed its stakes in Bank of America and Apple, bringing them to about 7.1% and 1.5%, respectively. Buffett began reducing those holdings in 2024.
The company increased positions in Chevron and Chubb, to roughly 6.5% and 8.7%. Oil names such as Chevron and Exxon Mobil rose sharply after U.S. actions in Venezuela, gaining double digits recently.
