Warren Buffett speaks during Berkshire Hathaway’s annual meeting on May 4, 2024 in Omaha, Nebraska.
CNBC
Warren Buffett Berkshire Hathaway more of it trimmed Apple Share and started a new position in The New York Times in the fourth quarter, according to a new securities filing.
The Omaha-based group said it reduced its stake in the iPhone maker by 4.3% to $61.96 billion, according to data from InsiderScore. Despite the cut, Apple remains by far Berkshire’s largest holding.
Berkshire said it reduced its stake in Apple and began investing in Alphabet, another Magnificent Seven company, in the third quarter. The group also reduced its stake in Apple in the second quarter of last year, after reducing its stake by two-thirds in 2024.
Although Apple posted its third successful year in a row in 2025 with a gain of around 9%, the company still underperformed the S&P 500, which gained more than 16% last year. The stock has lagged even more this year, falling about 3%. In fact, just last week it experienced its worst day since April 2025.
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Apple shares since the beginning of the year
It is unclear whether the moves were made by Buffett or investment managers Todd Combs and Ted Weschler. Buffett views Apple as a consumer goods company rather than a pure technology company, and the moves may be because Buffett has made the portfolio more manageable for his successor.
In addition to cutting its Apple stake, Berkshire disclosed a relatively small stake of $351.7 million The New York Times. The position ranks 29th out of 41 total positions.
Berkshire Hathaway’s top 10 holdings as of the end of the fourth quarter
| TICKER | NAME | VALUE (BILLION US dollars) | CHANGE IN NO. SHARE (%) |
|---|---|---|---|
| AAPL | Apple | 61.96 | -4.3 |
| AXP | American Express | 56.09 | N/A |
| BAC | Bank of America | 28.45 | -8.9 |
| IS | Coca-Cola | 27.96 | N/A |
| CVX | Chevron | 19.84 | 6.6 |
| MCO | Moody’s | 12.6 | N/A |
| OXY | Occidental Petroleum | 10.89 | N/A |
| CB | Chubb | 10.69 | 9.3 |
| KHC | Kraft Heinz | 7.9 | N/A |
| GOOGL | alphabet | 5.59 | N/A |
Source: InsiderScore
The fourth quarter marked the last quarterly period with Buffett at the helm of Berkshire, as Greg Abel – who previously served as vice chairman of the company’s non-insurance business – took over as CEO at the start of the new year.
Structural changes at the company were announced before Buffett’s departure, including one that affected Combs. After resigning in December, the former Berkshire investment manager and Geico CEO joined JPMorgan Chase in January as head of its new Security and Resiliency Initiative.
Buffett first announced at Berkshire’s annual meeting last May that he would ask Berkshire’s board to replace him with Abel. Although Buffett is no longer CEO, he remains CEO.