May. 7 at 5:16 PM
Buffett jokes aside… the latest Berkshire disclosed 3-month changes show a quiet but meaningful reshuffle under the hood.
Since the last update:
$CVX Chevron → 0% (fully trimmed out)
$CB Chubb → -3% (minor reduction)
$DPZ Domino’s → -10% (continued trimming)
$NYT New York Times → +9% (added to strength)
$LLYVK Liberty Media → +3% (gradual build)
LAMR Lamar Advertising → +11% (most aggressive add)
This isn’t inactivity — it’s rotation.
Energy exposure gets fully cut, while media + advertising quietly get scaled. Insurance trimmed but not abandoned. Selective adds where cash flow visibility and pricing power still hold.
Feels less like “Buffett retired” and more like capital redeployed with precision while markets chase narratives.
