Berkshire Hathaway’s Investment Moves
Berkshire Hathaway has sold all its shares in Amazon, which accounted for approximately 2.3 million shares, a small fraction of its $263 billion portfolio. This decision aligns with the company’s strategy to close positions following CEO Greg Abel’s transition from Warren Buffett earlier in 2023.
In contrast, Berkshire Hathaway purchased about 3 million shares of Macy’s, a company facing challenges from e-commerce and shrinking retail foot traffic. Despite these hurdles, Macy’s reported a year-over-year net sales increase of 1.8% to $4.7 billion in the fiscal quarter ending May 2, 2026, and exceeded Wall Street expectations, prompting a positive reevaluation of its potential value.
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