Berkshire Hathaway significantly reduced its exposure to Amazon during the fourth quarter of 2025, divesting 77% of its shareholding in the e-commerce and cloud computing giant. The substantial sale, orchestrated during Warren Buffett's final quarter as chief executive officer, signals a notable pivot in the investment strategy of one of Wall Street's most closely watched portfolios. The timing and scale of the reduction underscore concerns regarding tariff headwinds and the strategic direction of Amazon Web Services' artificial intelligence initiatives.
Simultaneously, Berkshire established a new position in The New York Times Company with a $350 million investment, marking the company's entry into the digital news publishing sector. The move reflects confidence in the Times' business model transformation and its established competitive positioning within the media industry. The investment comes as the publication has demonstrated sustained success in growing its subscriber base and digital revenue streams.
These portfolio moves, made in Berkshire's final earnings period under Buffett's leadership, illustrate a reallocation of capital toward companies with defensible market positions and proven digital execution. While Amazon continues substantial capital expenditure commitments in artificial intelligence infrastructure, Berkshire's exit from a major position in the company—once a cornerstone holding—represents a meaningful strategic reassessment of technology sector exposure.