-
Berkshire Hathaway recently added to positions in The New York Times, Chevron, Chubb, and Domino’s Pizza, signaling continued confidence in media, energy, insurance, and consumer stocks.
-
The additions suggest that Berkshire still sees value in durable cash-generating businesses with long-term competitive advantages.
-
Many of Berkshire’s recent purchases look attractive today, despite the strong performance in some parts of the broader market.
-
An analyst who called NVIDIA in 2010 recently named his top 10 AI stocks. Get them for free here.
Berkshire Hathaway rarely adds to the position unless management sees meaningful upside ahead, so investors closely watch every move the group makes.
Recent filings show Berkshire’s growing positions in the New York Times, Chevron, Chubb and Domino’s Pizza, indicating growing confidence in four very different businesses in media, energy, insurance, and consumer spending.
Read: Analyst Calling NVIDIA in 2010 Recently named his top 10 AI stocks
Perhaps more importantly for investors, many of these stocks still look attractive today, providing insight into how the world’s most successful investment firms can continue to see value despite the market trading near historic highs.
The most attention-grabbing move was Berkshire’s first-time bet The New York Times (NYSE: NYT). The firm disclosed ownership of 5,065,744 shares worth about $351.7 million at the end of 2025, indicating Berkshire’s return to media investments after exiting its newspaper portfolio in 2020.
What Berkshire likes is that The New York Times has transformed into a modern subscription-driven digital business rather than a legacy newspaper operator. The company ended up with 12.78 million digital-only subscribers in the fourth quarter of 2025, adding only about 450,000 pure digital subscribers.
That customer growth is directly translating into stronger financial results. Digital-only subscription revenue rose 13.9% year over year to $381.5 million in Q4, while digital advertising jumped 24.9% to $147.2 million. Full-year free cash flow rose 44.4% to $550.5 million.
CEO Meredith Kopit Levin recently said management expects “another year of healthy growth in subscribers, revenue and profits,” reinforcing the view that the company’s momentum remains intact. The stock isn’t cheap, trading at about 38 times trailing earnings and 29 times forward earnings, but Berkshire’s purchase of the firm suggests the market may still be underestimating the long-term sustainability of the business. Shares have increased by 67 percent compared to last year.
Chevron (NYSE:CVX) has long been one of Berkshire’s highest-trust energy holdings, and the company added to that position again in Q4 2025. Berkshire increased its stake from 122.1 million shares to 130.2 million shares during the quarter, indicating continued confidence despite oil prices and broader energy sector concerns.
Operationally, Chevron continues to execute well. Full-year production hit a record 3,723 MBOED, up 12% year-over-year, while the Permian Basin surpassed its target of 1 million barrels of oil equivalent per day. The company also generated record operating cash flow of $33.9 billion in 2025 and returned $27.1 billion to shareholders through dividends and buybacks.
Chevron’s dividend recently rose 4% to $1.78 per quarter, marking the company’s 39th consecutive annual dividend increase. Shares currently yield 3.59%, and management maintains a target of $3 billion to $4 billion in structural cost savings by the end of 2026. Chevron stock has jumped 46% in the past year.
Berkshire also deepened its position chub (NYSE:CB), increasing its stake to 34.3 million shares from 31.3 million shares in Q4. The move adds to Berkshire’s already significant insurance exposure and gives the group a larger stake in one of the top quality property and casualty insurers on the public markets.
Chubb’s recent operating performance helps explain Berkshire’s growing interest. The company posted a record asset and casualty combined ratio of 81.2% in Q4 2025, an improvement from 85.7% a year ago and indicating elite underwriting discipline. Net premiums written rose 8.9% to $13.13 billion, while quarterly net income rose 24.7% year-over-year to $3.21 billion. Core operating EPS came in at $7.52, above analyst expectations of $6.78.
CEO Evan Greenberg said he expects “excellent” results in 2026, including strong operating income growth and double-digit expansion in both EPS and tangible book value. Despite that performance, Chubb trades at 13 times trailing earnings and 12 times forward earnings, relatively modest valuations for a business producing this level of profitability. Shares are up 17.65% year over year.
Berkshire also increased its position Domino’s Pizza (NASDAQ: DPZ ), bringing its stake to nearly 3.4 million shares. The move caught the attention of retail investors as Berkshire appears to be buying into recent weakness. Domino’s remains one of Berkshire’s only major recent acquisitions below its reported entry price.
Fundamentally, the business continues to perform well. Domino’s generated $671.5 million in free cash flow during fiscal 2025, a 31.2% year-over-year increase. U.S. same-store sales rose 3.7% in Q4, up sharply from 0.4% in the year-ago period, while the company added 776 net new stores globally during the year. Management also increased the quarterly dividend by 15% to $1.99 per share, continuing Domino’s long track record of returning capital to shareholders.
Shares trade at about 18 times forward earnings, while analyst consensus targets point to upside of $475.74, compared to the current price of $363.63. After falling 17.87% last year, Berkshire can view Domino’s as a temporarily discounted compounder with improving momentum.
Wall Street is pouring billions into AI, but many investors are buying the wrong stocks. The analyst who first identified NVIDIA as a bear back in 2010 — before its 28,000% run — recently pinpointed 10 new AI companies that he believes could deliver outsized returns from here on out. One dominates the $100 billion device market. Another is solving the single biggest obstacle holding AI data centers back. The third is a pure-play quadruple set in the optical networking market. Most investors haven’t heard of half of these names. Get a free list of all 10 stocks here.
