Buffett's "Final Work" Revealed: He Has Taken a New Position in This Stock

On the afternoon of February 17th, local time, Berkshire Hathaway disclosed its Q4 2025 U.S. stock holdings report (13F), marking the last quarter’s holdings report during Warren Buffett’s tenure as CEO.

In Q4 2025, Berkshire reduced its holdings of approximately 10.295 million Apple shares, marking the third consecutive quarter of reduction in 2025; it also decreased holdings in Bank of America, Amazon, and other stocks. During the same period, Google A (GOOGL) holdings remained unchanged, while holdings in Chevron (CVX), Chubb Insurance (CB), and others were increased. A new position was established in a media stock, The New York Times, which had a market value of $350 million at the end of the quarter.

According to disclosures, Berkshire’s total portfolio value as of the end of 2025 was approximately $274.16 billion, up from about $267.33 billion at the end of Q3 2025. The top five holdings at the end of 2025 were Apple, American Express, Bank of America, Coca-Cola, and Chevron.

As of the end of 2025, Berkshire’s top five holdings. Image from WhaleWisdom.com

Significant Reductions in Amazon and Others

Regarding reductions, in Q4 2025, Berkshire sold approximately 10.295 million Apple shares, which, although Apple remained the largest holding, the number of shares decreased by over 75% from its peak. As of the end of 2025, Berkshire held 228 million Apple shares, valued at approximately $61.96 billion.

During this quarter, Berkshire also reduced its holdings of Bank of America by about 50.77 million shares, ending the year with 517 million shares, nearly halving its position since June 2024.

Additionally, Berkshire significantly reduced its Amazon holdings by 7.724 million shares, a reduction of 77%.

Berkshire Hathaway’s partial reduction in Q4 2025. Image from WhaleWisdom.com

New Position in The New York Times

Notably, Berkshire established a new position in The New York Times in Q4 2025, acquiring approximately 5.066 million shares, valued at about $352 million. Data shows this is Berkshire’s re-entry into the industry since selling its newspaper assets in 2020.

In terms of stock performance, The New York Times rose over 20% in Q4 2025; after the news of Berkshire’s purchase was announced, the stock surged significantly in after-hours trading.

The New York Times just reported an impressive Q4 2025 performance: by the end of 2025, the company’s total subscription users exceeded 12.78 million, with a net increase of about 450,000 digital-only subscribers in Q4. Operating profit for Q4 2025 increased 10.2% year-over-year to $161.6 million, with digital advertising revenue growing 24.9% year-over-year, mainly driven by strong advertiser demand and new advertising resources.

Additionally, in Q4 2025, Berkshire increased holdings in Chubb Insurance (CB), Chevron (CVX), Domino’s Pizza (DPZ), Lamar Outdoor Advertising (LAMR), and other stocks.

Berkshire Hathaway’s partial buy and sell activities in Q4 2025. Image from whalewisdom.com