Buffet's last prank (Q4 2025 13F-Filing)

Warren Buffett closed his last quarter as CEO of $BRK.B (+0,05 %) yesterday - and there was a real surprise:

New York Times $NYT (+2,06 %)

- First time investor with 5+ million shares (~$352 million)

- This from a man who sold all newspapers in 2020 and declared the industry "dead"

- The difference? NYT has 12.78m digital subscriptions - digital business model instead of print

📈 UPDATED:

- Chevron $CVX (+1,18 %) - further increased to 130+ million shares

- Domino's Pizza $DPZ (-1,81 %) - Additional purchases

- Chubb $CB (+0,72 %) & Lamar Advertising $LAMR (+0,91 %) - increased

📉 MASSIVELY REDUCED:

- Apple $AAPL (+0,31 %) -10.3m shares sold (~$2.7bn) - 3rd sale in a row

- Amazon $AMZN (-1,23 %) -77% (!!) - from 10m to only 2.3m shares

- Bank of America $BAC (+1,63 %) -50.8m shares, stake now below 7%

🏆 TOP 5 HOLDINGS (weighting 31.12.2025):

1. Apple $AAPL (+0,31 %) - 22,60%

2. American Express $AXP (+0,11 %) - 20,46%

3. Bank of America $BAC (+1,63 %) - 10,38%

4. coca-cola $KO (-0,26 %) - 10,20%

5. chevron $CVX (+1,18 %) - 7,24%

✅ Continuity: No fundamental change in strategy despite handover to Greg Abel (CEO from 1.1.2026)

✅ Dividend focus: Chevron, Coca-Cola, AmEx remain core → sustainable dividend growth stocks

✅ Quality over quantity: focus on companies with "economic moats" and pricing power

✅ Valuation discipline: large sell-offs in Apple/Amazon indicate profit-taking and risk management

So the motto remains: stable dividends, moderate growth rates, defensive quality.