Right Before Retiring, Warren Buffett Dumped Shares of Amazon and Apple and Bought 368,000 Shares of This Restaurant Stock

The Motley Fool

by newsfeedback@fool.com (Jennifer Saibil)

March 3, 2026

AI-Generated Deep Dive Summary

Warren Buffett, the legendary investor and former CEO of Berkshire Hathaway, has made significant changes to his investment portfolio just before retiring. According to the latest 13F filing, Buffett sold all his shares in Amazon and Apple, two of the largest tech companies he previously held. Instead, he invested heavily in Domino’s Pizza, purchasing 368,055 new shares worth $109 billion—a 12% increase from last quarter. This move signals a shift in Buffett's investment strategy, focusing away from high-growth tech stocks and toward more predictable consumer-facing businesses. Buffett’s decision to divest from Apple and Amazon is notable because these companies have historically been major holdings in the Berkshire Hathaway portfolio. While Apple remains the largest position at 19.5%, this represents a significant reduction from its peak of nearly 50% a few years ago. Amazon, which was already a smaller holding, has seen its stake further reduced. This reflects Buffett’s cautious approach to investing in highly competitive tech sectors, where he may now see greater value in more stable industries like restaurants. The move into Domino’s Pizza is consistent with Buffett’s long-standing preference for businesses with strong brand recognition and customer loyalty. Domino’s, a global pizza delivery giant, offers a steady revenue stream that aligns with Buffett’s value investing philosophy. By adding to this position, he appears to be signaling confidence in the company’s ability to maintain its dominance in the fast-food industry despite economic uncertainties. This shift in Buffett’s portfolio raises questions about his outlook on tech stocks versus consumer staples. While Apple and Amazon have driven significant growth and innovation in recent years, Buffett may view them as overvalued or too speculative for his risk-averse strategy. In contrast, Domino’s Pizza represents a safer bet with proven demand and a reliable customer base. For investors following Buffett’s lead, this move underscores the importance of focusing on businesses with consistent performance rather than chasing high-growth sectors. Buffett’s actions often serve as a barometer for market trends, and his divestment from tech giants while investing in a stable consumer brand could influence other investors to reassess their portfolios. His decision highlights the enduring appeal of long-term value over short-term gains

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Originally published on The Motley Fool on 3/3/2026