Warren Buffett dumps $1.7 billion of Amazon stock

Core Insights - Berkshire Hathaway has significantly reduced its stake in Amazon by 77%, selling 7.7 million shares valued at nearly $1.7 billion, indicating a strategic shift in investment focus [1][4] - The company has opened a new position in the New York Times, purchasing 5 million shares for approximately $352 million, which positively impacted the publisher's stock price by around 10% [2] - Berkshire's portfolio adjustments suggest a return to traditional investments, with increased stakes in companies like Chubb and Chevron, indicating a preference for businesses resilient to economic fluctuations [5][6] Portfolio Changes - The top holdings in Berkshire's portfolio as of Q4 2025 include: - Apple Inc. with a value of approximately $61.96 billion, representing 23% of the portfolio [3] - American Express Co. valued at about $56.09 billion, making up 21% [3] - Bank of America Corp. at $28.45 billion, accounting for 10% [3] - Coca-Cola Co. valued at $27.96 billion, also 10% [3] - Chevron Corp. at $19.84 billion, representing 7.2% [3] Strategic Adjustments - Berkshire has reduced its holdings in major technology companies, including a decrease in Apple to a 1.5% position, reflecting a broader retreat from large tech investments [4] - The acquisition of Occidental Petroleum's petrochemical business for $9.7 billion and a $5.6 billion position in Google further illustrate Berkshire's strategic pivot towards sectors perceived as stable amid potential economic downturns [6]