Key Points
Warren Buffett has stepped down as CEO of Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB), effective at the end of 2025, while Greg Abel has taken over the role. Buffett will continue to serve as chairman and remain involved in investment decisions.
As of March 31, 2026, Berkshire Hathaway has completely exited its stake in Amazon (NASDAQ: AMZN), selling its remaining shares which were down from 10 million in September 2025 to under 2.3 million. Concurrently, the company acquired nearly 1.7 million shares in Macy’s (NYSE: M) valued at approximately $30.1 million during the same quarter.
Macy’s shares have declined by 16.5% in 2026, attributed to broader economic concerns. This drop has reduced the company’s price-to-earnings (P/E) ratio from 13 to 8, making it an attractive investment compared to Amazon’s P/E ratio of 32.
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