Berkshire Hathaway reportedly completed the sale of all its Amazon (AMZN) shares in Q1 2026. This liquidation was not due to a loss of confidence in Amazon's business, but rather because Todd Combs, the investment manager previously responsible for managing the Amazon position, left in January 2026 to join JPMorgan Chase. This move is considered a typical institutional manager change liquidation, unrelated to Amazon's fundamentals. Former Berkshire CEO Warren Buffett sold 77% of the shares in Q4 2025, and new CEO Greg Abel cleared the remaining 2.276 million shares in Q1 2026.