Buffett Bought the Times, Thiel Sold Everything — Inside Four Wall Street Legends' Latest Portfolios

Q4 2025 13F Filings — Wall Street's Elite Reshuffles

Drawn from the most recent 13F filings — U.S. institutional investors' mandatory quarterly disclosures, Q4 2025 — here is a fact-checked breakdown of the portfolio moves by Wall Street's top managers, with analysis added for context.

1. Warren Buffett (Berkshire Hathaway)

Fact check: Confirmed — Buffett initiated a new position in The New York Times, increased Domino's Pizza, added to Chubb and Chevron, and significantly reduced Amazon.

Analysis: Wall Street is paying close attention to Buffett's buys in the Times and Domino's. Both companies share strong brand moats anchored to subscription economics (digital paid readership) and franchise cash generation. In a world of slowing tech growth or rising macro uncertainty, these are classic Buffett plays — businesses with pricing power that can pass inflation along to customers. Same defensive strategy, fully modernized.

2. Stanley Druckenmiller

Fact check: Confirmed — Druckenmiller made large new additions of the financial sector ETF (XLF), the S&P 500 equal-weight ETF (RSP), and the Brazil ETF (EWZ) into top portfolio positions. Semiconductor exposure including TSMC was trimmed.

Analysis: This is a bold macro thesis. Buying equal-weight (RSP) over cap-weighted S&P 500 is a direct bet that the era of a handful of mega-cap names carrying the market is ending — and that the rally broadens across the index. The XLF overweight reads as tactical positioning for an environment where inflation persists or rates stay elevated, with banks and credit conditions improving into that backdrop.

3. Bill Ackman (Pershing Square)

Fact check: Substantially accurate — Ackman deployed roughly $2 billion into Meta and increased Amazon. However, 'sold Google for Meta' overstates the shift. Per the 13F, Ackman still holds Alphabet as a core position at roughly 13% of his portfolio.

Analysis: Ackman's top four — Uber, Amazon, Alphabet, and Meta — represent 55% of total assets. The common thread is not AI hardware but AI monetization: platforms that can convert massive user bases and cloud infrastructure into durable revenue growth. He's betting on the application layer, not the picks-and-shovels.

4. Peter Thiel (Thiel Macro)

Fact check: In the short term, Thiel executed a dramatic portfolio clearing. The prior quarter he exited Nvidia and Tesla entirely, then bought Microsoft and Apple — and has since liquidated those as well. The pattern is tactically extreme.

Analysis: Reading this as a rejection of AI is almost certainly wrong. Thiel's edge lives in private, pre-IPO innovation. The more plausible read: he views current mega-cap tech valuations as stretched for public-market buyers and is building cash to deploy into the next wave of private AI company IPOs or rounds where asymmetry is far greater.

Bottom Line

Across Q4 2025 13F filings, the through-line is rotation — out of concentrated AI hardware bets, and toward each manager's highest-conviction domain.

Warren Buffett — Reliable cash flow as a hedge against uncertainty
Stanley Druckenmiller — Broadening rally plus financials and emerging-market recovery
Bill Ackman — Platform monopolies that monetize AI into durable revenue
Peter Thiel — Private markets and the next IPO cycle over liquid public tech