Warren Buffett has made another notable portfolio move, slashing Berkshire Hathaway’s Amazon stake by more than 77% while also opening a new position in The New York Times. The shift shows Buffett continuing to rotate away from some big tech holdings and into what looks like a more selective mix of media and traditional businesses.
The Amazon sale is the headline move. Berkshire reduced its holdings to roughly 2.3 million shares after first building the position in 2019, a sharp reversal for a company that once viewed Amazon as one of its most interesting large-cap bets.
According to the latest filing, as reported by The Motley Fool, Berkshire trimmed its Amazon position by more than 75% in the quarter, leaving the stake worth only a small fraction of the firm’s overall portfolio. The reduction appears to be part of a broader reshuffling of Berkshire’s equity book rather than a one-off trade.
That matters because Amazon had represented one of Buffett’s more surprising modern-era investments.
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He had long said he regretted not buying the stock earlier, so a large reduction suggests the thesis has changed, the valuation has become less attractive, or Berkshire simply prefers other opportunities right now.
It also fits a broader pattern. Berkshire has been trimming other large holdings, too, including Apple and Bank of America, which suggests Buffett has been steadily reducing concentration in some of his biggest positions.
At the same time, Berkshire initiated a new position in The New York Times worth about $351.7 million, or roughly 5.1 million shares. That makes the newspaper company one of the more interesting new additions to Berkshire’s public portfolio.
The move is notable because Buffett once called the newspaper industry “toast,” The Motley Fool noted, after Berkshire exited its newspaper ownership years ago. Buying into The New York Times now suggests he sees something different in the modern digital version of the business.
That is the real story here. Berkshire is not backing the old print model; it is backing a company that has turned itself into a scaled subscription and digital media platform.
The numbers tell most of the story. The New York Times ended 2025 with 12.8 million total subscribers after adding 1.4 million net new digital subscribers during the year, according to Yahoo Finance. That puts it on pace to hit its stated goal of 15 million subscribers by the end of 2027.
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