Berkshire Hathaway’s February 2026 13F Filing: What Buffett’s Final Quarter as CEO Reveals

On February 17, 2026, Berkshire Hathaway filed its Q4 2025 13F with the SEC — the final quarterly filing under Warren Buffett’s 60-year tenure as CEO. The document reveals a $274.2 billion equity portfolio shaped by deliberate simplification: a 77% Amazon slash, continued Apple and Bank of America reductions, and a symbolic new position in the New York Times. This is not just a filing — it is the closing chapter of the most consequential investing career in modern history.

TL;DR: Berkshire Hathaway 13F Filing February 2026

• Filing date: February 17, 2026 — Buffett’s last 13F as CEO
• Portfolio value: $274.2 billion across 42 holdings (+2.6% QoQ from $267.3B)
• Biggest sell: Amazon slashed 77.2% (10.0M to 2.28M shares, -$1.67B)
• Continued sells: Apple -10.3M shares (-4.3%), Bank of America -50.8M (-8.9%)
• Key buys: Chevron +8.1M (+6.6%), Chubb +2.9M (+9.3%), New York Times NEW ($352M)
• Net selling streak: 13 consecutive quarters of net selling
• Concentration: Top 10 holdings = 88.3% of portfolio
• CEO transition: Buffett retired December 31, 2025 (age 95); Greg Abel now CEO

The Berkshire Hathaway 13F Filing of February 2026

The Berkshire Hathaway 13F filing of February 2026 arrived three days after the standard 45-day deadline, filed with accession number 0001193125-26-054580. It covers the quarter ending December 31, 2025 — Buffett’s final day as CEO before handing the reins to Greg Abel on January 1, 2026.

What makes this filing historically significant is not any single trade, but the cumulative pattern it completes. Over the past 13 quarters, Buffett systematically transformed Berkshire’s equity portfolio from a $352 billion, 172-position portfolio into a $274 billion, 42-position concentrated vehicle backed by over $300 billion in cash. This was not a reaction to market conditions — it was a succession plan executed in plain sight.

What the Filing Reveals: Sells

Amazon (AMZN) — The 77% Liquidation: The most dramatic move in the filing. Berkshire cut 7.72 million shares, reducing the position from $2.2 billion (0.82% of portfolio) to just $525 million (0.19%). In 2019, Buffett called himself “an idiot” for not buying Amazon sooner. Now, in his final quarter, he has all but exited. At $525M remaining in a $274B portfolio, Amazon is a rounding error. For the full analysis of this sale, see our Apple and Amazon sales deep dive.

Bank of America (BAC) — 50.8M Shares Sold: The ongoing unwind continued with 50.77 million shares sold (-8.9%), bringing the position to 517.3 million shares ($28.45B). BAC selling has persisted for six or more consecutive quarters. Once Berkshire’s largest bank holding, it is being methodically reduced while remaining the #3 position by value.

Apple (AAPL) — 7th Quarter of Trimming: Another 10.29 million shares were sold (-4.3%), continuing a program that has reduced the position from approximately 905 million shares at peak (Q1 2024) to 228 million. Paradoxically, the position’s value rose $1.3 billion to $61.96B because Apple stock gained 8.3% in Q4.

Smaller trims: Aon (-12.1%), Pool Corp (-11.3%), Constellation Brands (-3.0%), DaVita (-1.2%), and Atlanta Braves Holdings (-48.4%).

What the Filing Reveals: Buys

Chevron (CVX) — +8.1M Shares: The largest purchase by share count. Adding 6.6% brought the position to 130.2 million shares ($19.84B), making it the #5 holding at 7.2% of the portfolio. This is a doubling down on energy in a quarter when oil prices were volatile.

Chubb (CB) — +2.9M Shares: Second consecutive quarter of buying. The Swiss-based insurer’s position grew 9.3% to $10.69B, vaulting it to #8. Chubb fits Berkshire’s insurance DNA perfectly — high-quality underwriting with consistent float generation.

Domino’s Pizza (DPZ) — +12.3%: A small but intentional addition of 370K shares, bringing the position to $1.4B. Domino’s recurring revenue model and franchise economics are textbook Buffett.

New York Times (NYT) — NEW Position ($352M): The most symbolic move in the filing. More on this below.

The NYT Position: Buffett’s Return to Newspapers

In 2020, Buffett sold Berkshire’s newspaper portfolio (including the Buffalo News and Omaha World-Herald) to Lee Enterprises, declaring the newspaper industry “toast.” Five years later, his final act as CEO was to buy $352 million of the New York Times.

The apparent contradiction dissolves when you look at the business model. The NYT is no longer a newspaper company — it is a digital subscription platform with 11+ million paying subscribers, recurring revenue exceeding $2 billion annually, and operating margins that traditional newspapers could never achieve. This is Buffett betting on a durable brand with pricing power and a subscription moat — exactly the qualities he has always valued, now wrapped in a digital delivery mechanism.

Portfolio Snapshot: $274.2B Across 42 Holdings

The chart above shows the key position changes revealed in this filing. The pattern is unmistakable: selling tech and finance (AMZN, BAC, AAPL), buying energy and insurance (CVX, CB), and making one symbolic bet (NYT). For the full top-10 breakdown, see our top 10 holdings analysis.

AUM Trajectory: The Intentional Shrinkage

The AUM chart tells the story of intentional de-risking. From a peak of $351.9B in Q4 2023, the 13F portfolio has contracted 22% while the S&P 500 gained over 20%. This is 13 consecutive quarters of net selling — the longest such streak in Berkshire’s history. Combined with the $300B+ cash pile, the message is clear: Buffett spent his final years as CEO converting equity into optionality.

What Analysts Might Misread About This Filing

1. “Buffett is bearish on stocks.” He is selective, not bearish. While selling $70B+ in equities over two years, Berkshire simultaneously bought entire companies (Alleghany) and built positions in Chevron and Chubb. The selling reflects valuation discipline, not macro fear.

2. “The Amazon exit signals something wrong with Amazon.” More likely this is a position that never reached Buffett’s conviction threshold. At its peak, Amazon was 0.82% of the portfolio — a trivial position for Berkshire. The exit probably reflects a decision to simplify rather than a negative view on the company.

3. “The NYT purchase is a nostalgia trade.” The $352M position is small, but the business case is real. NYT has pricing power, recurring revenue, and a widening competitive moat in quality journalism. This is a rational investment that happens to have a good story.

4. “Greg Abel will change the portfolio dramatically.” Berkshire’s 13F filing covers Q4 2025, which was entirely under Buffett’s watch. Abel officially became CEO on January 1, 2026. Any changes he makes will show up in the Q1 2026 filing (due May 2026).

Frequently Asked Questions

When was the Berkshire Hathaway 13F filing in February 2026?

Berkshire Hathaway filed its Q4 2025 13F on February 17, 2026. This was the final 13F filing under Warren Buffett’s tenure as CEO. He retired on December 31, 2025, with Greg Abel becoming CEO on January 1, 2026.

What did Buffett sell in his final quarter?

The biggest sells were: Amazon (-77.2% of position, 7.72M shares sold), Bank of America (-8.9%, 50.77M shares), Apple (-4.3%, 10.29M shares), and smaller trims to Aon, Pool Corp, and Constellation Brands.

What did Buffett buy in Q4 2025?

Berkshire added to Chevron (+8.1M shares), Chubb (+2.9M), and Domino’s Pizza (+370K), and initiated a brand new $352M position in the New York Times (5.07M shares).

How much is Berkshire Hathaway’s portfolio worth?

As of Q4 2025, Berkshire’s 13F equity portfolio is worth $274.2 billion across 42 unique holdings. This is down 22% from the $351.9B peak in Q4 2023, primarily due to 13 consecutive quarters of net selling. View the full portfolio on the Berkshire Hathaway filer page.

Is the Berkshire Hathaway 13F filing of February 2026 Buffett’s last?

Yes, this is the final 13F filed during Buffett’s time as CEO. The Q4 2025 report covers holdings as of December 31, 2025 — his last day in the role. The next filing (Q1 2026, due May 2026) will be the first under Greg Abel’s leadership.

Methodology

Data sourced from Berkshire Hathaway’s Q4 2025 13F-HR filing (accession: 0001193125-26-054580), filed February 17, 2026. 13F filings report U.S. equity positions above $100 million in market value and are required within 45 days of quarter end. They do not include short positions, non-U.S. equities, derivatives, or wholly-owned subsidiaries. QoQ comparisons reference the Q3 2025 filing dated November 14, 2025.