Berkshire Hathaway, under the leadership of Warren Buffett, recently revealed its 13F filing for the fourth quarter of 2025. This document provides a snapshot of the company’s public equity portfolio at the time of Buffett’s retirement that same year.
Key Insights from Berkshire Hathaway’s Q4 2025 13F
- Berkshire starts a new chapter with The New York Times Company.
- Buffett continues to trim down on significant holdings like Apple and Bank of America.
- Berkshire has also reduced its investment in Amazon.com.
The latest 13F outlines all the stocks acquired and sold, alongside four of Berkshire Hathaway’s holdings, which Morningstar analysts currently find appealing.
What Stocks Did Berkshire Hathaway Sell?
In the latest quarter, Berkshire made further cuts to its stakes in Apple and Bank of America. According to Greg Warren, a senior analyst at Morningstar, the company has been selling off Apple since early September 2023 and Bank of America since early July 2024. Even with these reductions, Apple holds the title of Berkshire’s largest investment for now, though it seems its dominance could be shifting, especially since investing in American Express, the second-largest holding, continues to grow.
Buffett has also decreased the company’s investment in other significant stocks, particularly shedding over 75% of the Amazon position and scaling down involvement with Constellation Brands, which had received additional investments earlier in 2025.
What Stocks Did Berkshire Hathaway Buy?
In the last quarter of 2025, Berkshire picked up a new stake in The New York Times Company, acquiring over 5 million shares, positioning itself as one of the major shareholders alongside firms such as Vanguard, BlackRock, and T. Rowe Price. The stock experienced a noteworthy rise of 35% over 2025, yet Morningstar’s analysts caution that it currently seems overvalued.
Berkshire also increased its positions in several companies including Chevron, Chubb, Domino’s Pizza, and Lamar Advertising, all of which were added in previous quarters.
4 Warren Buffett Stocks to Buy
Morningstar analysts believe that many stocks in Berkshire Hathaway’s portfolio are now either highly valued or overvalued. Here’s a brief on four stocks that seem to have potential as of February 16, 2026:
- Diageo
- Domino’s Pizza
- Lennar
- Moody’s
Let’s delve into each of these stocks a little more.
Diageo
- Morningstar Rating: 4 stars
- Morningstar Economic Moat Rating: Wide
- Morningstar Capital Allocation Rating: Standard
- Industry: Beverage – Wineries and Distilleries
Berkshire’s stake in Diageo is relatively minor, having first invested in 2023. The company faced challenges recently due to a decline in alcohol consumption, yet the stock has risen about 15% in 2026. Analysts believe Diageo maintains a robust economic moat, boasting major brands like Guinness and Captain Morgan. With new leadership strategies, the stock is currently 16% under the fair value estimation of $118.
Domino’s Pizza
- Morningstar Rating: 4 stars
- Morningstar Economic Moat Rating: Wide
- Morningstar Capital Allocation Rating: Exemplary
- Industry: Restaurant
Berkshire started investing in Domino’s Pizza in late 2024 and is thought to own nearly 10% of the company. Analysts note that Domino’s is the largest pizza operator and has built a considerable economic moat, especially as consumers favor its value-oriented menu options in a competitive restaurant market. The stock appears to be undervalued by 14% in comparison to the fair value estimate of $436.
Lennar
- Morningstar Rating: 4 stars
- Morningstar Economic Moat Rating: None
- Morningstar Capital Allocation Rating: Standard
- Industry: Housing Construction
Lennar represents another smaller yet undervalued position in Berkshire’s portfolio. As the second-largest home builder, it faced challenges from a tough housing market. Despite anticipated slow growth, optimism remains for long-term prospects, with expectations of gross margins returning to historical levels by 2028. The stock has risen 19% this year, yet trades 23% below its fair value estimate of $159.
Moody’s
- Morningstar Rating: 4 stars
- Morningstar Economic Moat Rating: Wide
- Morningstar Capital Allocation Rating: Exemplary
- Industry: Financial Data and Stock Exchanges
Moody’s remains a substantial position in Berkshire’s portfolio, currently trading at a 22% discount to its fair value estimate of $550. There are concerns about the impact of generative AI on its business, yet analysts argue these fears are overblown due to the company’s strong data practices. At present prices, Moody’s is considered a potentially strong buy.
