Warren Buffett dumps $1.7B of Amazon stock

Source: Hacker News

Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A, BRK.B) submitted its latest 13‑F filing on February 17, 2026, revealing several notable portfolio changes.

The most newsworthy was a 77 % reduction in the Amazon (NASDAQ: AMZN) stake, as Berkshire sold 7.7 million shares—valued at nearly $1.7 billion. Berkshire first entered Amazon in 2019; after seven years, the “Oracle of Omaha” appears to be shifting back toward long‑favored sectors such as media.

The filing also showed a new position in the New York Times (NYSE: NYT) with a purchase of 5 million shares, estimated at about $352 million. The disclosure sent the publisher’s shares up roughly 10 % as investors reacted.

Warren Buffett portfolio top holdings in Q4, 2025. Source: 13‑F Info

Why is Warren Buffett dumping Amazon?

While the Amazon trim was the most eye‑catching, it was not an isolated case. The now‑Chairman of Berkshire also reduced his Apple (NASDAQ: AAPL) holdings to a 1.5 % position, underscoring a broader retreat from large technology names.

The shift suggests a return to classic Buffett investments—businesses built to withstand economic turbulence. This is reflected in Berkshire’s expanded stakes in:

• Chubb (NYSE: CB), a steady insurance company.
• Chevron (NYSE: CVX), indicating confidence in energy solutions.

Additionally, Berkshire has agreed to acquire the petrochemical business of Occidental Petroleum Corp. for $9.7 billion and built a $5.6 billion position in Google (NASDAQ: GOOGL). These moves suggest the conglomerate is adjusting its strategy ahead of a potential economic downturn.