What were Warren Buffett’s Final Moves at Berkshire Hathaway Before His Retirement?

The most notable move was Berkshire’s entry into The New York Times. The media group reported adjusted earnings of $0.89 per share.

Quick overview

  • Berkshire Hathaway's fourth quarter 2025 filings reveal Warren Buffett's final strategic moves before his retirement.
  • The portfolio, valued at $274.16 billion, includes significant investments in technology and media, with Apple remaining the largest holding at 22.60%.
  • Key purchases included increased stakes in Chevron, Chubb, and Domino's Pizza, while notable sales involved a drastic 77.24% reduction in Amazon.
  • The company is now transitioning under new leadership with Greg Abel, focusing on adapting to a technology-driven market.

Company filings revealed the investments and portfolio adjustments made by the legendary investor.

NEW YORK, NY – SEPTEMBER 19: Philanthropist Warren Buffett is joined onstage by 24 other philanthropist and influential business people featured on the Forbes list of 100 Greatest Business Minds during the Forbes Media Centennial Celebration at Pier 60 on September 19, 2017 in New York City. (Photo by Daniel Zuchnik/WireImage)

Berkshire Hathaway released its regulatory filings for the fourth quarter of 2025, revealing Warren Buffett’s final strategic moves ahead of his retirement. The billionaire stepped down as CEO on December 31, 2025, closing the year with significant reallocations and new investments that reshaped the direction of the company.

The portfolio reached a value of $274.16 billion, spread across 42 positions, combining long-standing core holdings with new exposure to media and technology companies. Apple remained the largest position at 22.60%, followed by American Express (20.46%) and Bank of America (10.38%).

The holding company is now entering a new chapter under Greg Abel, marking a major leadership transition. The portfolio is being repositioned for a market increasingly shaped by technology, artificial intelligence, and the transformation of traditional business models.

Buffett’s Key Purchases in 2025

Berkshire increased its stake in Chevron by 6.63%, bringing it to 7.24% of the portfolio. It also raised holdings in Chubb to 3.90%, and in Domino’s Pizza by 12.34%. Core positions were maintained in Coca-Cola (10.20%) and Occidental Petroleum (3.97%).

The most notable move, however, was Berkshire’s entry into The New York Times. The media group reported adjusted earnings of $0.89 per share, beating expectations of $0.88, and posted revenues of $802.3 million, above the $791.6 million consensus for 2025.

Buffett’s Key Sales in 2025

Berkshire also reduced several major positions. Apple was trimmed by 4.32%, though it remains the portfolio’s largest holding. Exposure to Bank of America was cut by 8.94%, while still representing 10.38% of total investments.

The most aggressive reduction was in Amazon, with a 77.24% cut, equivalent to 7.724 million shares. This comes amid a massive global surge in AI infrastructure spending, which Wall Street analysts estimate could reach $650 billion by 2026.

Other notable moves included a 48.39% reduction in Atlanta Braves Holding, a 12.12% cut in Aon, and an 11.28% reduction in Pool Corp. Berkshire also trimmed positions in DaVita HealthCare Partners (–1.25%), Constellation Brands (–2.99%), and Liberty LiLAC Group (–8.90%).

ABOUT THE AUTHOR See More
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.

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