Buffett and Duan Yongping are both significantly reducing their holdings in this tech stock! Buffett's final move during his tenure revealed: Top 10 heavy holdings exposed

After the U.S. stock market closed on February 17th, local time, Berkshire Hathaway Inc. (hereinafter referred to as “Berkshire”) disclosed its latest 13F filing with the U.S. Securities and Exchange Commission (SEC). The 13F holdings report shows that in Buffett’s final quarter as CEO, Berkshire continued to adjust its technology giant holdings, repeatedly reducing positions in Apple and Bank of America, while for the first time establishing a position in the traditional media company The New York Times.

The latest disclosed document indicates that in Q4 2025, Berkshire significantly cut its Amazon holdings by over 77%, and for the third consecutive quarter, reduced its Apple position.

This is Buffett’s last 13F holdings report after 60 years of leading Berkshire Hathaway. His successor, Greg Abel, officially took over as CEO on January 1, 2026.

According to the 13F filing, Berkshire sold over 10.29 million shares of Apple in the fourth quarter, a decrease of 4.3% compared to the third quarter. At the end of the quarter, the market value of Apple holdings decreased by approximately $2.8 billion from the previous quarter, and its proportion in Berkshire’s investment portfolio dropped from 22.69% in Q3 to 22.60%. Based on the decrease in market value, Apple was Berkshire’s largest reduction in Q4 2025. This marks the third consecutive quarter Berkshire has reduced its Apple holdings.

Despite ongoing reductions, as of the end of Q4 2025, Apple remains Berkshire’s largest holding.

The 13F also shows that in Q4 2025, Berkshire’s Amazon holdings decreased to approximately 2.3 million shares, a sharp decline of over 77% quarter-over-quarter, with its share of the portfolio dropping from 0.82% in Q3 to 0.19%.

Looking back, Berkshire first bought Amazon in 2019. Buffett stated at the time that although he has generally been cautious about tech stocks, it would have been “stupid” not to buy this online retail giant’s stock earlier.

In terms of stock price, Amazon’s stock has declined about 11% since 2026, experiencing its largest decline in 20 years during the same period. In its latest financial report, Amazon announced plans to spend $200 billion on capital expenditures in 2026, with annual investments surpassing other tech giants.

Additionally, Berkshire sold nearly 50.8 million shares of Bank of America in Q4 2025, a decrease of 8.9% quarter-over-quarter, with its stake reduced to 6.89%. Bank of America remains Berkshire’s third-largest holding. However, Berkshire’s holdings in Bank of America decreased from 1.03 billion shares in mid-2024 to 517 million shares, a reduction of about 50%.

Notably, The New York Times was the only new stock added to Berkshire’s portfolio in Q4, with a purchase of 5.067 million shares, a market value of $352 million, representing about 3.1% of the company, ranking 30th in Berkshire’s portfolio with a 0.13% share.

Following the holdings disclosure, NY Times stock surged over 10% in after-hours trading, then narrowed to a 2.39% gain. The stock has performed strongly recently, rising nearly 7% since 2026, approaching a historical high of $74.59, with a 12-month cumulative increase of 50%. After the 13F disclosure, NY Times stock rose about 2% in after-hours trading.

In Q4 2025, Berkshire increased its holdings of Chevron by over 8.09 million shares, a 6.63% quarter-over-quarter increase, with its portfolio share rising by 0.15 percentage points to 7.24%, and market value increasing by approximately $1.23 billion.

Furthermore, Berkshire added 368,000 shares of Domino’s Pizza in Q4, a 12.34% increase quarter-over-quarter, with holdings rising to about $1.4 billion, ranking 20th in the portfolio. Berkshire’s position in another essential consumer staple, Kraft Heinz, remained unchanged in Q4.

As of the end of Q4 2025, based on market value, Berkshire’s top ten holdings are all “old faces” from the previous quarter: Apple, American Express, Bank of America, Coca-Cola, Chevron, Moody’s (up from seventh to sixth), Occidental Petroleum (down from sixth to seventh), Swiss Re, Kraft Heinz, and Alphabet.

Meanwhile, according to the 13F filed by H&H International Investment, managed by Pan Yongping, they also reduced their Apple holdings in Q4 2025.

The filing shows that Pan Yongping sold five stocks in Q4, with the largest reduction in Apple; he also increased holdings in six stocks, with the largest increase in Nvidia, followed by Berkshire Hathaway.

Specifically, as of the end of Q4, Apple remains his largest holding, with a market value of $8.797 billion and a 50.3% share. However, he reduced his Apple position by 2.4706 million shares, a 7.09% decrease.

Notably, Pan Yongping is heavily betting on AI, having increased his Nvidia holdings by 6.6393 million shares in Q4, a 1110.62% surge, with total holdings reaching 7.2371 million shares, and a market value soaring to $1.35 billion, making Nvidia his third-largest holding (7.72% of the portfolio).

(Source: Daily Economic News)