Berkshire Hathaway Just Dumped a Beloved Stock. Here's What It's Buying Instead.

Berkshire Hathaway disclosed in its Q1 holdings that it has fully exited its Amazon position and used part of the portfolio to initiate a stake in Macy’s. The move — reported as of March 31 — coincides with a multiyear reduction in Amazon shares (from 10.0M on Sept. 30, 2025 to under 2.3M at year-end) and a new purchase of roughly 1.7M Macy’s shares (about $30.1M). Markets reacted modestly: Amazon traded lower while Macy’s rose. The shift signals active rebalancing under CEO Greg Abel and highlights a value tilt toward beaten-down retail names; Amazon remains a strong performer YTD but may have less insider support from Berkshire going forward. For investors, the change underscores both reduced institutional backing for AMZN and renewed confidence in Macy’s turnaround and valuation upside.