巴菲特任内最后操作：伯克希尔减持苹果股票，建仓《纽约时报》

Core Viewpoint - Berkshire Hathaway, led by Warren Buffett, continued to reduce its stake in Apple during the fourth quarter of the previous year while establishing a position in The New York Times [2][6]. Group 1: Berkshire's Investment Actions - Berkshire reduced its holdings in Apple by 4.3%, bringing the market value down to $61.96 billion, making Apple still the largest equity asset for Berkshire [2][6]. - In the previous quarter, Berkshire had already reduced its Apple stake and built a position in Alphabet, one of the "Seven Giants" [2][6]. - Berkshire also disclosed a relatively small position in The New York Times, valued at $351.7 million, ranking 29th among its total of 41 holdings [2][6]. Group 2: Apple Performance - Apple achieved a 9% increase in 2025, marking its third consecutive year of growth, although it underperformed compared to the S&P 500 index, which rose over 16% last year [2][6]. - Year-to-date, Apple has seen a decline of approximately 3%, with the worst single-day performance since April 2025 occurring last week [2][6]. Group 3: Management Changes - The fourth quarter marked the last quarter under Buffett's leadership, with Greg Abel officially taking over as CEO at the beginning of this year [3][8]. - A series of structural adjustments were announced prior to Buffett's departure, including the resignation of Todd Combs, who left in December and joined JPMorgan in January [4][8]. - Although Buffett is no longer CEO, he remains as the chairman of the company [9].