Berkshire Cuts Amazon Stake, Makes Bet on New York Times

Group 1 - Berkshire Hathaway Inc. reduced its stake in Amazon.com Inc. by over 75% in the fourth quarter, now holding approximately 2.3 million shares [1][2] - The company acquired 5.1 million shares of the New York Times Co., valued at $351.7 million at year-end, marking Warren Buffett's last new investment as CEO [1][2] - Berkshire continued to decrease its holdings in Bank of America Corp. and Apple Inc., bringing their stakes to 7.1% and 1.5%, respectively [3] Group 2 - Berkshire increased its stakes in Chevron Corp. and Chubb Ltd. to 6.5% and 8.7%, respectively, during the same period [4] - Chubb's shares rose approximately 11% in the fourth quarter following reports of an informal approach to acquire American International Group Inc., which Chubb denied [4] - Buffett, who stepped down as CEO on December 31, has been actively pursuing acquisitions, including a $9.7 billion deal for Occidental Petroleum Corp.'s petrochemical business and a $5.6 billion stake in Alphabet Inc. [5]