Buffett's Final Filing: Berkshire Initiates New York Times Stake, Slashes Amazon Position Before CEO Transition

Legendary investor Warren Buffett recently stepped down as the CEO of Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) after decades leading the conglomerate. While he's not currently CEO, a 13F filing revealed Tuesday showed what his last quarter looked like in charge of the company.

New Positions

Berkshire Hathaway unveiled a new position in the fourth quarter, which ended Dec. 31, 2025. Here’s a look at the changes to the portfolio compared to the third quarter.

This was the new position disclosed:

• New York Times Co (NYSE:NYT): 5,065,744 shares

Berkshire clarified its positions within the restructured Liberty Media ecosystem in the 13F filing:

• Liberty Live Holdings (NASDAQ:LLYVK): 15,904,249 shares. This is a technical conversion, not a new market purchase. It represents a 1-for-1 swap of Berkshire's previous Liberty “Live Group” tracking stock following its Dec. 15, 2025, spin–off into an independent company.

• Liberty Formula One (NASDAQ:FWONK): 3,018,555 shares. Berkshire maintained its existing stake in the Formula One Group, which remains the primary tracking stock under the Liberty Media umbrella.

Portfolio Changes

The fourth quarter 13F showed changes to the existing stocks owned by Berkshire Hathaway. Here are the top decreased stakes by Berkshire Hathaway in the fourth quarter by percentage, as reported by 13f.info:

• Amazon.com Inc (NASDAQ:AMZN): -77%
• Atlanta Braves Holdings (NASDAQ:BATRK): -58%
• Aon (NYSE:AON): -12%
• Pool Corp (NASDAQ:POOL): -11%
• Bank of America Corporation (NYSE:BAC): -9%
• Liberty Latin America (NASDAQ:LILA): -9%
• Apple Inc (NASDAQ:AAPL): -4%
• Constellation Brands (NYSE:STZ): -3%
• DaVita Inc (NYSE:DVA): -1%

Here are the top additions in the second quarter by percentage:

• Dominos Pizza (NASDAQ:DPZ): +12%
• Chubb Limited (NYSE:CB): +9%
• Chevron Corp (NYSE:CVX): +7%

Top Holdings

At the end of the fourth quarter, these were the largest stock holdings in the Berkshire Hathaway portfolio and their valuation at the time:

• Apple Inc: $62.0 billion
• American Express Company (NYSE:AXP): $56.1 billion
• Bank of America: $28.5 billion
• Coca-Cola (NYSE:KO): $28.0 billion
• Chevron: $19.8 billion
• Moodys Corp (NYSE:MCO): $12.6 billion
• Occidental Petroleum (NYSE:OXY): $10.9 billion
• Chubb: $10.7 billion
• Kraft Heinz (NYSE:KHC): $8.0 billion
• Alphabet Inc (NASDAQ:GOOGL): $5.6 billion

While the Apple position was decreased once again, the technology giant remains the largest position in the investment portfolio.

Photo: Shutterstock