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
đ UPDATED:
- Chevron $CVX (+1,17%) - further increased to 130+ million shares
- Domino's Pizza $DPZ (-1,81%) - Additional purchases
- Chubb $CB (+0,72%) & Lamar Advertising $LAMR (+0,91%) - increased
đ MASSIVELY REDUCED:
- Apple $AAPL (+0,35%) -10.3m shares sold (~$2.7bn) - 3rd sale in a row
- Amazon $AMZN (-1,22%) -77% (!!) - from 10m to only 2.3m shares
- Bank of America $BAC (+1,64%) -50.8m shares, stake now below 7%
đ TOP 5 HOLDINGS (weighting 31.12.2025):
1. Apple $AAPL (+0,35%) - 22,60%
2. American Express $AXP (+0,11%) - 20,46%
3. Bank of America $BAC (+1,64%) - 10,38%
4. coca-cola $KO (-0,26%) - 10,20%
5. chevron $CVX (+1,17%) - 7,24%
â Continuity: No fundamental change in strategy despite handover to Greg Abel (CEO from 1.1.2026)
â Dividend focus: Chevron, Coca-Cola, AmEx remain core â sustainable dividend growth stocks
â Quality over quantity: focus on companies with "economic moats" and pricing power
â 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.
