Berkshire Hathaway sold its entire Amazon position following Todd Combs’ exit, reflecting institutional liquidation unrelated to AMZN fundamentals.
Berkshire Hathaway completed the sale of its 2.28 million-share Amazon position in two tranches, exiting entirely by Q1 2026. The move followed Todd Combs’ departure to JPMorgan’s $10 billion Strategic Investment Group in January 2026, a shift that triggered a portfolio overhaul.
The sell-off occurred in Q4 2025 and Q1 2026, with Warren Buffett reducing 77% of the stake in his final quarter as CEO. Analysts note such liquidations often stem from manager transitions rather than business concerns, as remaining principals avoid inheriting positions they did not initiate.
Amazon shares rallied 23% post-Q2 earnings, with 59 analysts rating it a buy and a $322 price target. The stock’s AI-driven growth, particularly in AWS, remains a key catalyst, though Berkshire’s exit had no bearing on the company’s outlook.