Buffett Slashes Amazon Stake, Bets Big on New York Times

Legendary investor Warren Buffett reduces his Amazon holdings by 75% while investing $350 million in the New York Times.

Published on Feb. 20, 2026

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Legendary investor Warren Buffett has made a major move in his investment portfolio, slashing his stake in Amazon by 75% while betting $350 million on the New York Times. The investment in the New York Times sparked strong investor interest, with the newspaper's shares jumping more than 10% in post-market trading following the disclosure.

Why it matters

Buffett's investment decisions are closely watched by the financial community, as his Berkshire Hathaway conglomerate is one of the most successful investment firms in the world. His move to reduce exposure to Amazon while significantly increasing his stake in the New York Times signals a shift in his outlook on the tech and media industries.

The details

According to regulatory filings, Buffett's Berkshire Hathaway sold off around 75% of its Amazon holdings in the fourth quarter of 2025. At the same time, the company disclosed a new $350 million investment in the New York Times Company, making it one of the newspaper's largest shareholders.

  • Berkshire Hathaway sold off around 75% of its Amazon holdings in the fourth quarter of 2025.
  • Berkshire Hathaway disclosed a new $350 million investment in the New York Times Company in the fourth quarter of 2025.

The players

Warren Buffett

A legendary investor and the chairman and CEO of Berkshire Hathaway, one of the most successful investment firms in the world.

Berkshire Hathaway

A multinational conglomerate holding company led by Warren Buffett, with investments in a wide range of industries including insurance, energy, and technology.

The New York Times Company

The publicly traded company that owns and operates the New York Times newspaper, one of the most influential news organizations in the United States.

Amazon

A multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.

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The takeaway

Buffett's move to reduce his exposure to Amazon while significantly increasing his stake in the New York Times reflects a shift in his investment strategy, potentially signaling his belief in the long-term viability of traditional media companies in the face of growing dominance by tech giants.