Buffett's Parting Gift To Berkshire Shareholders: A Multimillion‑Dollar Win From New York Times Stock
While Warren Buffett has stepped down as the CEO of Berkshire Hathaway(NYSE:BRK)(NYSE:BRK), his investments will have a long-lasting impact on the success of the company.
This rings true for the conglomerate’s investment portfolio in the fourth quarter, which included a new stake in media firm New York Times Company (NYSE:NYT).
Berkshire Initiates Stake In New York Times Stock
A recent 13F filing revealed Berkshire Hathaway picked up 5,065,744 shares New York Times in the fourth quarter. The position was valued at $351.66 million at the end of December, making up around 0.1% of the conglomerate's investment portfolio in the final three months of 2025.
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It is unknown when exactly the investment powerhouse, which was still led by Buffett last quarter, made the purchase but the position may have been led by the legendary investor himself.
Over the years, Buffett has been a fan of media assets including newspapers, and may have recognized the value of the long-running newspaper and media company, which has grown its digital presence and user retention in recent years with games like Wordle.
New York Times shares traded between $54.10 (Oct. 14) and $71.23 (Dec. 24) during the fourth quarter, before closing the quarter and year at $69.42. The stock saw steady gains throughout the last three months of 2025.
Buffett's total purchase cost, based on the low and high prices for the quarter, was anywhere from $274,056,750.40 to $360,832,45.12.
This means Berkshire's position in the media stock is now up $16,413,010.56 to $103,189,205.28 depending on the time of the purchase. The stake is up $25,582,007.20, or 7.3%, since the end of the fourth quarter.
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What's Next For New York Times, Berkshire Hathaway
Time will tell if the New York Times stock position ends up being a short-term trade or a long-term one for Berkshire, now led by CEO Greg Abel.
The company will share its annual results and shareholder letter on Feb. 28, which could provide more information on the trade and its overall thoughts on the media sector.
The New York Times recently reported fourth-quarter financial results with both earnings per share and revenue beating analyst estimates.
The company has topped analyst estimates for EPS in more than 15 straight quarters, and revenue projections in four straight quarters and in six of the last 10 quarters overall.
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