--- title: "Berkshire Hathaway Just Dumped a Beloved Stock. Here's What It's Buying Instead." type: "News" locale: "en" url: "https://longbridge.com/en/news/287061003.md" description: "Berkshire Hathaway has sold its remaining shares in Amazon and initiated a new position in Macy's, purchasing nearly 1.7 million shares valued at $30.1 million. This move comes as Warren Buffett steps down as CEO, with Greg Abel taking over. Macy's is focusing on long-term growth, despite a 16.5% drop in shares this year, attributed to broader economic concerns." datetime: "2026-05-20T12:05:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287061003.md) - [en](https://longbridge.com/en/news/287061003.md) - [zh-HK](https://longbridge.com/zh-HK/news/287061003.md) --- # Berkshire Hathaway Just Dumped a Beloved Stock. Here's What It's Buying Instead. ## Key Points - Berkshire Hathaway sold its remaining Amazon shares. - At the same time, it initiated a position in Macy's. - The retailer has been investing in its long-term growth. - These 10 stocks could mint the next wave of millionaires › Warren Buffett stepped down as **Berkshire Hathaway**'s (NYSE: BRKA) (NYSE: BRKB) CEO at the end of 2025, but remains chairman. While Greg Abel has stepped in as CEO, Buffett remains involved in the investment decisions. Still, in CEO Abel's first quarter at the helm, there were some notable changes to Berkshire's portfolio. Let's take a closer look at these moves. _**Will AI create the world's first trillionaire?** Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. **Continue »**_ Image source: Getty Images. ## Notable transactions Berkshire Hathaway no longer held any **Amazon** (NASDAQ: AMZN) shares as of March 31. The company owned 10 million shares as of Sept. 30, 2025, and had brought that down to under 2.3 million at year-end. While the company exited its Amazon position, it bought **Macy's** (NYSE: M) during the first quarter. Berkshire Hathaway, which previously owned no shares in the retailer, purchased nearly 1.7 million shares during the period. These had a value of $30.1 million as of March 31. Amazon's stock has certainly rewarded investors over the years -- and in 2026 as well. Year to date through May 14, the shares had gained 14.4%, easily outpacing the **S&P 500** index's 8.7% return. Management continues to invest heavily in long-term growth initiatives. For patient investors, this could pay off, particularly since Amazon's shares trade at a reasonable price-to-earnings (P/E) ratio of 32, in line with the S&P 500's multiple. However, Macy's seems to have greater upside potential based on the stock's attractive valuation. Management has been executing on its plan to grow sales, including a focus on higher-income consumers. Fiscal fourth-quarter same-store sales grew 2%, covering the period that ended on Jan. 31. Its shares have dropped 16.5% this year, but that's likely due to broader economic concerns, including those stemming from the economic fallout from the Iran war, such as the spike in gas prices squeezing consumer spending. The price drop has resulted in a tempting valuation, with the P/E ratio falling from 13 to 8. ## Don’t miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this. On rare occasions, our expert team of analysts issues a **“Double Down” stock** recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: - **Nvidia:** if you invested $1,000 when we doubled down in 2009, **you’d have $576,668**!\* - **Apple:** if you invested $1,000 when we doubled down in 2008, **you’d have $56,766**!\* - **Netflix:** if you invested $1,000 when we doubled down in 2004, **you’d have $483,476**!\* Right now, we’re issuing “Double Down” alerts for three incredible companies, **available when you join _Stock Advisor_**, and there may not be another chance like this anytime soon. **See the 3 stocks »** _\*Stock Advisor returns as of May 20, 2026._ _Lawrence Rothman, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Berkshire Hathaway. The Motley Fool has a disclosure policy._ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### Related Stocks - [BRK.B.US](https://longbridge.com/en/quote/BRK.B.US.md) - [M.US](https://longbridge.com/en/quote/M.US.md) - [RTH.US](https://longbridge.com/en/quote/RTH.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [XRT.US](https://longbridge.com/en/quote/XRT.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [NFLX.US](https://longbridge.com/en/quote/NFLX.US.md) - [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [Warren Buffett’s Berkshire Hathaway Dumped 16 Stocks in Q1, But the Chevron Sale Was the Largest](https://longbridge.com/en/news/286904279.md) - [Woodline Partners boosts Berkshire Hathaway B stake by 36,754 shares](https://longbridge.com/en/news/286659454.md) - [Berkshire Trolls The AI Bubble By Buying Macy's](https://longbridge.com/en/news/286939333.md) - [First Eagle Investment Management boosts Berkshire Hathaway B stake](https://longbridge.com/en/news/286349175.md) - [Are Wall Street Analysts Predicting McCormick & Company Stock Will Climb or Sink?](https://longbridge.com/en/news/286930030.md)