巴菲特大幅减持苹果 段永平大举押注AI

Core Insights - Berkshire Hathaway made significant adjustments to its technology stock holdings, notably reducing its positions in Apple and Amazon while initiating a new position in traditional media, The New York Times [2][3][5] Berkshire Hathaway Holdings - As of the end of Q4 2025, Berkshire's total portfolio value reached $274.1 billion, with the top ten holdings accounting for 88.26% of the portfolio [3] - The top ten holdings remained unchanged in terms of companies, with slight adjustments in rankings. The top holdings include Apple, American Express, Bank of America, Coca-Cola, Chevron, Moody's, Occidental Petroleum, Swiss Re, Kraft Heinz, and Alphabet [2] Stock Reductions - In Q4 2025, Berkshire significantly reduced its stake in Amazon, decreasing its holding from 0.82% to 0.19%, a drop of 0.63 percentage points, with approximately 2.3 million shares remaining [3] - Berkshire also continued to sell Apple shares, reducing its holdings by over 10.29 million shares, a decrease of 4.3%, with the stock still representing 22.60% of the portfolio [3] - Bank of America saw a reduction of nearly 50% in shares held, dropping from 1.03 billion shares to 517 million shares, with a current portfolio share of 10.38% [4] New Investments - The New York Times was the only new position added in Q4 2025, with Berkshire purchasing 5.0657 million shares valued at over $350 million, representing 0.13% of the portfolio [5] - Berkshire increased its holdings in Chevron by over 8.09 million shares, raising its portfolio share to 7.24%, and in Swiss Re by approximately 2.92 million shares, increasing its share to 3.90% [6] Market Performance - The New York Times stock has performed strongly, rising nearly 7% since the beginning of 2026 and achieving a 50% increase over the past 12 months [6]