Buffett's Final Quarter: Berkshire Hoards $381.7 Billion Cash, Bets on New York Times

The company initiated a new $352 million position in The New York Times Company, signaling a return to media investing with a focus on its successful digital subscription model. Concurrently, Berkshire continued to pare down its stakes in long-held positions, reducing Apple by 4.3% (10.3 million shares, now valued at $62 billion) and Bank of America by 5.6% (30.8 million shares, worth $23.5 billion), citing valuation concerns and tax efficiency.

A more substantial cut saw the Amazon stake slashed by over 75%. On the buy side, Berkshire increased holdings in Chevron, Chubb (adding 2.9 million shares worth $910 million), and Domino's Pizza.

Notably, the company's cash and short-term investments swelled to a record $381.7 billion, representing 57% of its total portfolio, reflecting Buffett's discipline in a high-valuation market and providing flexibility for Abel's leadership. The article also details the transition to Greg Abel, highlighting his operational background and the continuity of Berkshire's investment philosophy.