Berkshire Holds Alphabet While Dumping 77% of Amazon Shares in Q4
During Q4 2025, Berkshire Hathaway reduced its Amazon position by over 77% while leaving its Alphabet stake unchanged after Alphabet shares reached record highs. This divergence underscores Berkshire’s confidence in Alphabet’s AI and cloud strategy despite analyst consensus projecting a higher upside for Amazon than Alphabet.
1. Berkshire’s Q4 Portfolio Moves
In Q4 2025, Berkshire Hathaway sold over 7.7 million Amazon shares, reducing its Amazon holding by 77%, while its stake in Alphabet remained unchanged and continued to represent a significant portion of its technology portfolio.
2. Amazon vs Alphabet Holdings
The sale reduced Amazon holdings to 2.3 million shares after Amazon shares hit an all-time high before declining 20%, whereas Alphabet shares also reached new highs but retained Berkshire’s full allocation.
3. Implications for Alphabet’s Cloud and AI Strategy
By maintaining its position in Alphabet, Berkshire is signaling confidence in the company’s cloud infrastructure and artificial intelligence initiatives as drivers of long-term growth.
4. Analyst Price Targets and Long-Term Outlook
Analyst consensus projects roughly 43% upside for Amazon and about 20% for Alphabet over the next 12 months, but Berkshire’s decision highlights its focus on multi-year value rather than short-term price targets.