1,073,658-$3.013.28%$88.85[Allstate][ALL]• Vol: 624,567-$6.212.92%$206.11 over six decades, Warren Buffett has transformed Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) from a struggling…]## Wednesday Is Warren Buffett's Last Day. Is Berkshire Hathaway a Buy Without Him? [Rich Duprey | Dec 29, 2025 at 12:03 PM EST Warren Buffett's extraordinary six-decade tenure as CEO of Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) comes to a close on Wednesday. The 95-year-old legendary…]## Warren Buffett Is About to Retire. ...

Group 1 - Berkshire Hathaway reduced its holdings in Apple stock during the fourth quarter [1][2] - The company also decreased its stakes in Amazon and Bank of America [1][2] - In Warren Buffett's final quarter as CEO, Berkshire established a new position in The New York Times valued at approximately $352 million [1][2]

Core Viewpoint - Cariboo Rose Resources Ltd. has received 400,000 common shares from BRS Resources Ltd., enhancing its equity interests and exposure to the Cowtrail copper-gold project [1][3]. Group 1: Company Developments - Cariboo Rose has strengthened its portfolio through the acquisition of BRS shares, which are subject to a statutory hold period of four months and one day [1]. - The company will continue to monitor the Cowtrail project and provide updates on exploration progress [3]. Group 2: Industry Insights - BRS Resources is advancing its Cowtrail copper-gold project in British Columbia, with recent drilling defining a mineralized trend that remains open at both ends [2]. - BRS plans to expand exploration efforts in 2026 to test additional magnetic targets identified to the south of the current project area [2].

Core Viewpoint - Warren Buffett's Berkshire Hathaway made a notable investment in The New York Times, acquiring approximately 5.1 million shares valued at $352 million, marking a significant return to the newspaper industry after previously divesting its newspaper holdings [1][12]. Company Summary - The New York Times has shown a recovery in recent years, with revenues increasing by 9% to $2.8 billion and net income rising by 17% to $344 million, driven by a 9% rise in subscription revenues and a 12% increase in advertising revenues [12]. - The publisher added 1.4 million digital-only subscribers, bringing its total subscriber count to 12.78 million as of December 31 [13]. - The stock price of The New York Times has surged approximately 15-fold since its low in early 2009, reaching a record high of $74, with a 50% increase in the past year [13][14]. Industry Summary - Warren Buffett has expressed concerns about the newspaper industry's viability, noting a significant decline in circulation and advertising revenues over the years [6][11]. - Despite these concerns, Buffett previously stated that newspapers delivering reliable information to local communities would remain viable, indicating a belief in the potential for certain newspapers to succeed [10]. - The newspaper industry has faced a transformation, with many traditional titles struggling, leading Buffett to predict that only a few national titles would survive in the long term [11].

Core Viewpoint - Critical Infrastructure Technologies Ltd. (CiTech) has signed a Letter of Intent (LOI) with H. Cegielski – Poznań S.A. (HCP) to establish a strategic partnership for the production and deployment of the Nexus 20 autonomous platform in Central and Eastern Europe [1][2]. Group 1: Partnership Details - The LOI signifies a commitment to combine CiTech's Nexus 20 technology with HCP's manufacturing and support capabilities to meet the needs of the Polish Armed Forces and NATO [2]. - Planned milestones include a visit by CiTech's CEO to HCP in March 2026 and the delivery of the first Nexus 20 prototype for evaluation in May 2026 [3]. Group 2: Strategic Objectives - The partnership aims to enhance regional security by providing autonomous telecommunications and surveillance infrastructure for defense operations [4]. - The collaboration will establish HCP as a manufacturing hub for Nexus 20 platforms in the Central and Eastern European region, facilitating technology transfer for local maintenance and operational support [6]. Group 3: Company Background - HCP, a subsidiary of Polska Grupa Zbrojeniowa S.A. (PGZ), specializes in large-scale mechanical manufacturing and defense production, contributing advanced capabilities to the partnership [7]. - CiTech is focused on creating autonomous, high-capacity technology for sectors including defense and emergency services, with the Nexus 16 as its first product [8].

Group 1: AI Developments - Meta (META) plans to deploy millions of Nvidia (NVDA) chips for its AI infrastructure, while Nvidia has exited its investment in Arm Holdings (ARM) [3] - Apple (AAPL) is enhancing its AI capabilities with a trio of new and updated devices [8] Group 2: Investment Moves - Warren Buffett's Berkshire Hathaway (BRK.B) has made a new investment in the New York Times (NYT) while reducing its stake in Amazon (AMZN) [3] Group 3: Economic and Fiscal Policies - New York City Mayor Zohran Mamdani proposed a 9.5% property tax increase as a last resort to address a $5.4 billion two-year revenue shortfall, contingent on the failure of a tax on high earners [4][5] - The mayor's preliminary budget is set at $127 billion, and if the property tax is raised, it would be the first increase in over two decades, potentially leading to higher rents and business relocations [6] - Governor Kathy Hochul announced an additional $1.5 billion allocation over two years to assist New York City's fiscal challenges but opposes the property tax increase [7] Group 4: Market Movements - In Asia, Japan's market rose by 1%, while in Europe, London, Paris, and Frankfurt saw increases of 1%, 0.5%, and 0.8% respectively [9] - U.S. futures indicate a positive outlook with Dow, S&P, and Nasdaq all up by 0.4% to 0.5%, while crude oil prices increased by 1.9% to $63.41 [9]

沃伦・巴菲特六年前出售了伯克希尔・哈撒韦旗下所有报纸资产，并预言报业多数领域将持续衰退。本 周二，伯克希尔披露对《纽约时报》新增 3.5 亿美元投资。 这一略显意外的举动，在巴菲特担任 CEO 的最后一个季度、伯克希尔向美国证券交易委员会提交的季 度持仓更新文件中得以披露。此外，就在特朗普总统下令逮捕委内瑞拉总统前，伯克希尔增持了雪佛龙 股份；这家总部位于奥马哈的公司还继续减持美国银行与苹果股票。 2020 年巴菲特出售伯克希尔旗下数十家报纸时，曾断言报业 "已穷途末路"。但即便当时，他也认为 《纽约时报》《华尔街曰报》这类全国性品牌报纸仍可能表现良好。 "对伯克希尔・哈撒韦而言，重新投资新闻业是一次回归；这也是伯克希尔对《纽约时报》商业战略的 强力背书。" 西北大学梅迪尔新闻学院地方新闻方向教授兼系主任蒂姆・富兰克林表示。 富兰克林称，《纽约时报》虽发源于报业，但如今已是蓬勃发展的数字业务：拥有《Wordle》等热门游 戏、知名体育平台 The Athletic，数字订阅用户超 1200 万。他认为，处境艰难的地方报纸可从这家 "数 字新闻巨头" 身上汲取经验，推出线上游戏、打造读者无法从别处获得的本地体育 ...

Core Viewpoint - Berkshire Hathaway submitted its last 13F holdings report under Warren Buffett's leadership, revealing significant adjustments in its portfolio, including reductions in major tech holdings and a new investment in traditional media [1]. Holdings Summary - The total market value of Berkshire Hathaway's holdings for the fourth quarter was $274 billion, an increase from $267 billion in the previous quarter [2]. - The report indicated one new purchase, four increased positions, and nine reduced positions, with no complete sell-offs [2]. - The top ten holdings accounted for 88.26% of the total market value [2]. Major Holdings - Apple (AAPL) remains the largest holding with approximately 227.9 million shares valued at about $61.96 billion, representing 22.60% of the portfolio, a decrease of 4.32% in share count from the previous quarter [2][3]. - American Express (AXP) is the second-largest holding with around 151.6 million shares valued at approximately $56.09 billion, maintaining the same share count as the previous quarter [2]. - Bank of America (BAC) ranks third with about 517.3 million shares valued at approximately $28.45 billion, reflecting an 8.94% reduction in share count [3]. - Coca-Cola (KO) is fourth with 400 million shares valued at about $27.96 billion, with no change in share count [3]. - Chevron (CVX) is fifth with approximately 130.2 million shares valued at about $19.84 billion, showing an increase of 6.63% in share count [3]. Notable Changes - Berkshire Hathaway significantly reduced its stake in Amazon (AMZN), decreasing its holdings by 77.24% to 2.276 million shares, valued at approximately $530 million, which is 0.19% of the portfolio [4]. - The company initiated a new position in The New York Times (NYT), acquiring 5.067 million shares valued at approximately $352 million, representing 0.13% of the portfolio [4]. - The top five purchases included Chubb Limited, Chevron, The New York Times, Domino's Pizza (DPZ), and Lamar Advertising (LAMR) [5]. - The top five sales included Amazon, Bank of America, DaVita (DVA), Pool Corporation (POOL), and Apple [5].

Core Viewpoint - The article reveals the portfolio adjustments made by Berkshire Hathaway during Warren Buffett's last quarter as CEO, highlighting a shift in holdings with reductions in technology stocks and increases in energy, consumer, and financial sectors [2][4]. Group 1: Overall Portfolio Changes - As of the end of Q4 2025, Berkshire's total portfolio size increased to $274 billion from $267 billion in the previous quarter, with the top ten holdings accounting for 88.26% of the portfolio [2]. - The top ten holdings remained unchanged in terms of companies, but there were slight adjustments in their rankings [2]. Group 2: Major Stock Adjustments - Berkshire reduced its stake in Apple by over 10.29 million shares, a decrease of 4.32%, marking the third consecutive quarter of reduction, with a market value decline of approximately $2.8 billion [4][7]. - A significant reduction in Amazon shares was noted, with a 77.24% decrease in holdings, dropping its portfolio share from 0.82% to 0.19%, leaving nearly 2.3 million shares [5]. - The stake in Bank of America was also reduced, with nearly 50.8 million shares sold, resulting in an 8.94% decrease in holdings [6]. Group 3: New Investments and Increases - Berkshire initiated a new position in The New York Times, purchasing 5.0657 million shares valued at over $350 million, ranking it 30th in the portfolio [8]. - The company increased its holdings in Chevron by over 8.09 million shares, a 6.63% increase, and in Chubb Limited by nearly 2.92 million shares, a 9.31% increase [9]. - Additionally, there was a 12.34% increase in holdings of Domino's Pizza, raising its market value to $1.4 billion [9]. Group 4: Stable Holdings - Coca-Cola and Kraft Heinz holdings remained unchanged, with Coca-Cola valued at $27.96 billion, maintaining its position as the fourth-largest holding [11]. - Berkshire is the largest shareholder of Kraft Heinz, holding approximately 27.5% of the company, which is undergoing a split into two independent publicly traded companies [11].

Core Viewpoint - Berkshire Hathaway disclosed its Q4 2025 U.S. stock holdings report, marking the last quarter under CEO Warren Buffett, showing significant reductions in key positions while also establishing a new position in The New York Times [1] Group 1: Holdings Summary - As of the end of Q4 2025, Berkshire's total holdings value was approximately $274.16 billion, up from $267.33 billion at the end of Q3 2025 [1] - The top five holdings included Apple, American Express, Bank of America, Coca-Cola, and Chevron, with Apple representing 22.6% of the portfolio [2][4] Group 2: Reductions in Holdings - In Q4 2025, Berkshire reduced its Apple shares by approximately 10.3 million, marking a 4.32% decrease, with total Apple shares held at 227.9 million, valued at about $61.96 billion [5] - The company also reduced its Bank of America shares by about 50.8 million, a decrease of 8.94%, leaving it with 517.3 million shares [5] - A significant reduction in Amazon shares was noted, with a decrease of 772.4 thousand shares, representing a 77% reduction [4][5] Group 3: New Investments - Berkshire initiated a new position in The New York Times, acquiring approximately 5.07 million shares valued at about $352 million, marking a re-entry into the media sector after selling its newspaper assets in 2020 [6] - The New York Times reported strong performance in Q4 2025, with total subscription users exceeding 12.78 million and a 10.2% increase in operating profit year-over-year [6]