Jing Ji Guan Cha Wang·2026-02-26 09:42Core Insights - Berkshire Hathaway's recent focus has been on portfolio adjustments and macroeconomic changes, with significant moves in its holdings reported for Q4 2025 [1] Group 1: Portfolio Adjustments - Berkshire reduced its stake in Apple by approximately 10.29 million shares, a decrease of 4.32% quarter-over-quarter [1] - The company significantly cut its investment in Amazon by 77.24% [1] - In contrast, Berkshire increased its holdings in Chevron and Aflac, and initiated a new position in The New York Times with an investment of about $350 million [1] Group 2: Macroeconomic Context - Recent geopolitical developments, such as progress in U.S.-Iran nuclear talks, have eased some regional risks, impacting the macro environment [1] - International oil prices have faced pressure amid these developments [1] - The AI sector has gained momentum, highlighted by a partnership between Nvidia and Meta, which may indirectly affect Berkshire's technology holdings [1] Group 3: Stock Performance - Berkshire's stock price exhibited a downward trend from February 17 to February 24, 2026, falling from $754,910 to $734,149.43, representing a decline of 2.30% [2] - The stock dropped by 0.92% on the day the holdings report was released (February 18) and continued to decline by 0.82% on February 24 due to broader market pressures [2] - Compared to the performance of major U.S. indices, Berkshire underperformed, with the Dow Jones falling by 0.88% and the Nasdaq rising by 0.61% during the same period [2]