Investment giant Berkshire Hathaway (BRK.B) trimmed its stake in Apple (AAPL) and offloaded more than three quarters of its Amazon (AMZN) position in Q4 2025.
The quarter was legendary investor Warren Buffett’s last as CEO of the Omaha-based conglomerate which he built it into an insurance and investing powerhouse.
The moves were revealed in the final Berkshire portfolio update overlapping with Buffett’s tenure as CEO. The ‘Sage of Omaha’ officially handed the CEO baton to Greg Abel after retiring at the end of last year.
It is unclear whether these moves were carried out by Buffett or Berkshire investment managers Todd Combs and Ted Weschler.
Berkshire’s top 10 holdings at end-December 2025
| Stock | Value ($bn) | Change in shareholding (%) |
| Apple | 61.96 | -4.3 |
| American Express | 56.09 | unch |
| Bank of America | 28.45 | -8.9 |
| Coca-Cola | 27.96 | unch |
| Chevron | 19.84 | +6.6 |
| Moody’s | 12.60 | unch |
| Occidental | 10.89 | unch |
| Chubb | 10.69 | +9.3 |
| Kraft Heinz | 7.90 | unch |
| Alphabet | 5.59 | unch |
Source: CNBC, InsiderScore
Souring on Apple?
According to an SEC filing, Berkshire Hathaway sold roughly 10.3 million shares or 4.3% of its Apple stake. This reduced its position to $61.96 billion. Berkshire has been steadily trimming its Apple position since late 2023, but the pace of disposals has slowed.
Even after the cut, Apple remains Berkshire’s largest equity holding by far.
Apple’s stock is down year-to-date, but the stock was actually in an uptrend for much of Q4 of 2025.
Unlike Big Tech peers such as Alphabet (GOOG) and Meta (META), the iPhone titan is not spending lavishly on AI infrastructure. That became a tailwind for the stock when the AI rally faltered at the tail end of last year.
Amazon stake slashed
Berkshire made an bigger cut to its holding in one of the firm’s rare tech investments, Andy Jassy-led Amazon. The conglomerate sold 7.7 million shares or more than 75% of its stake in the e-commerce-to-cloud computing giant.
Buffett’s investment firm also trimmed the size of its Bank of America (BAC) investment by 8.9% or 31 million shares to 517 million in total.
New media bet
According to the regulatory filing, Berkshire Hathaway initiated a new position in media group New York Times (NYT) in Q4, albeit relatively small at roughly $350 million.
Shares in the famed newspaper company rose to an all-time high of $76.5 after the stake was made public.
The filings also showed Berkshire added to positions in energy giant Chevron (CVX), insurer Chubb (CB) and Domino’s Pizza (DPZ).
Buffett first announced at Berkshire’s May 2025 annual meeting that he was going to ask the board to have Abel replace him in as CEO. Though he has vacated the hot seat, Buffett still holds sway as chairman of the board.
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