Buffett, latest portfolio rebalancing revealed!

【Introduction】 Warren Buffett’s Final Quarter Holdings Reveal

Warren Buffett’s last portfolio adjustments before stepping down as CEO have been disclosed.

According to the recently filed 13F, Berkshire Hathaway continued to adjust its technology giant holdings, reducing several major positions; increased holdings in some oil, consumer, and financial stocks; and initiated a new position in The New York Times.

Overall, as of the end of Q4 2025, Berkshire Hathaway’s top ten holdings remained unchanged from the previous quarter, with only slight ranking adjustments.

Warren Buffett’s Final Quarter Holdings Reveal

On Tuesday, February 17, Eastern Time, after the U.S. stock market closed, Berkshire Hathaway filed its 13F report with the U.S. Securities and Exchange Commission (SEC), revealing the company’s holdings as of the end of Q4 2025. In early 2026, Greg Abel officially succeeded Warren Buffett as Berkshire Hathaway’s CEO. This report unveils Buffett’s last quarter in office.

Overall, as of the end of Q4 2025, Berkshire Hathaway’s total holdings amounted to $274 billion, up from $267 billion in the previous quarter, with the top ten holdings accounting for 88.26% of the portfolio.

Compared to the previous quarter, the top ten holdings list remained the same, with only slight ranking changes. These ten holdings are: Apple, American Express, Bank of America, Coca-Cola, Chevron, Moody’s (moved from seventh to sixth), Occidental Petroleum (moved from sixth to seventh), Swiss Re, Kraft Heinz, and Alphabet.

In Q4 2025, Berkshire increased its holdings in four stocks, reduced nine, and initiated one new position. Overall, the firm continued adjusting its tech holdings, opened a new position in The New York Times, and increased positions in some consumer, oil, and financial stocks.

Reduced Positions in Apple, Bank of America, Amazon, and Others

The 13F shows Berkshire continued to adjust its tech holdings.

Apple was reduced for the third consecutive quarter but remains Berkshire’s largest holding. In Q4 2025, Berkshire sold over 10.29 million shares of Apple, decreasing its position by 4.32% quarter-over-quarter. This marks the third consecutive quarter of Apple reductions. As of the end of Q4 2025, Apple’s position value decreased by approximately $2.8 billion, making it the largest reduction in value among Berkshire’s holdings that quarter.

In 2025, Apple’s stock price increased over 9%, underperforming the S&P 500. Since 2026, Apple’s stock has fallen more than 2.8%, also underperforming the S&P 500.

Additionally, Berkshire significantly reduced its Amazon holdings. According to the 13F, in Q4 2025, Berkshire cut its Amazon position by 77.24%, dropping its share of the portfolio from 0.82% in Q3 to 0.19%, with holdings down to nearly 2.3 million shares. Since 2026, Amazon’s stock has declined 12.85%.

Berkshire also reduced its Bank of America holdings.

In Q4 2025, Berkshire sold nearly 50.8 million Bank of America shares, decreasing its position by 8.94% quarter-over-quarter. As of the end of Q4 2025, Bank of America remained Berkshire’s third-largest holding, with its portfolio share dropping to 10.38%.

First Time Opening a Position in The New York Times

Increased Holdings in Chevron, Swiss Re, and Others

According to the 13F, in Q4 2025, Berkshire established a new position in The New York Times, buying 5.0657 million shares valued at over $350 million. Currently, The New York Times ranks 30th in Berkshire’s portfolio, accounting for 0.13%.

Following the disclosure, NYT’s stock price rose about 2.40% after hours. Since last year, NYT’s stock has gained nearly 45%.

Additionally, in Q4 2025, Berkshire significantly increased its holdings in oil company Chevron, financial stock Swiss Re, and consumer stock Domino’s Pizza.

In Q4 2025, Berkshire added over 8.09 million shares of Chevron, a 6.63% increase quarter-over-quarter, with a market value of $19.84 billion, ranking fifth. It also increased its holdings in Swiss Re by nearly 2.92 million shares, a 9.31% increase. Moreover, it added 368,000 shares of Domino’s Pizza, a 12.34% increase, with the total value rising to $1.4 billion.

No Change in Coca-Cola and Kraft Heinz Holdings

As one of Buffett’s “long-term holdings,” Coca-Cola’s position remains unchanged, valued at $27.96 billion, maintaining its fourth-largest position. Berkshire’s stake in Kraft Heinz also remains steady.

According to a previous report by China Fund News, in January this year, Kraft Heinz filed an supplemental prospectus with the SEC. The document shows Berkshire registered to potentially resell its 325.4 million shares.

Berkshire is Kraft Heinz’s largest shareholder, holding about 27.5%. In September 2025, Kraft Heinz announced it would split into two independent publicly traded companies via a tax-free spin-off. The split aims to address ongoing performance pressures and industry transformation. The transaction is expected to be completed in the second half of 2026, pending regulatory approval.

Produced by Xiao Mo