Berkshire Hathaway initiated a new $350 million stake in The New York Times during Warren Buffett’s final quarter as CEO, while the stock declined 0.86% to $499.07. The move signals a strategic return to the newspaper sector amid a historic leadership transition for the conglomerate.
- The latest 13F filing revealed a massive 77% reduction in Amazon holdings and further cuts to the Apple position.
- These portfolio shifts accompany the transition to incoming CEO Greg Abel and the departure of stock-picker Todd Combs.