Before Retiring, Warren Buffett Sold These 3 Stocks and Piled Into This High-Yield Investment

Core Insights - Warren Buffett will step down as CEO of Berkshire Hathaway at the end of 2025, passing leadership to Greg Abel while remaining as chairman of the board [1] - Berkshire Hathaway was a net seller of stocks in Q4, significantly reducing its exposure to the tech and banking sectors [2] Stock Movements - Berkshire sold 7.7 million shares of Amazon, reducing its holdings by 77%, now accounting for only 0.1% of total holdings [5] - The company sold 10.3 million shares of Apple, decreasing its total holdings by 4.3%, with Apple still being the largest holding at 19.5% of the portfolio [5] - Berkshire divested approximately 50.8 million shares of Bank of America, reducing its stake by 8.9%, making it the fourth-largest holding at 8.2% of total weight [5] New Investments - Berkshire initiated a stake in The New York Times and increased its position in Chubb, while notably purchasing over 8 million additional shares of Chevron, raising its total holdings by 6.6% [3] - Chevron is now the fifth-largest holding, representing about 7.6% of total public stock holdings, with a forward yield of 3.9% [4]