No Buffett: five stocks that could fall or rise after Berkshire meeting

Investment holding Berkshire Hathaway will hold its annual shareholder meeting on Saturday, Ma. 2. For the first time in decades, the event will not be headed by Warren Buffett - this year he left the post of CEO. Berkshire's performance report will be presented by new CEO Greg Abel. Later, he will answer investors' questions along with other top managers.

Predicting what will be said - and what will go unspoken - during the meeting is difficult, but one thing is clear: This Berkshire Hathaway meeting will be different from previous ones, Morningstar writes. Abel is very different from Buffett, says Gregory Warren, a senior analyst at the agency who has covered Berkshire since 2010. "He's an operations management person. And I think that's the kind of executive Berkshire needs at this stage of its life cycle," he said.

With the CEO change, investors may ask more questions about individual companies this year to see how Berkshire's business will change under new leadership, Morningstar notes. Warren estimates that Berkshire will shrink its equity portfolio in the coming months, in part because of the departure of Berkshire investment manager Todd Combs, who managed some of the investments.

Morningstar has selected five stocks from Berkshire Hathaway's portfolio that could be discussed at the meeting and whose price could rise or fall sharply afterward.

Share in Berkshire's portfolio: about 23%

Berkshire's share in the company's share capital: less than 2%

The iPhone maker remains Berkshire's largest asset despite Berkshire cutting its stake starting in 2023. In an interview with CNBC in March, Buffett said he started selling Apple stock too early. "I'm very excited about the fact that it's our largest asset," he said. - But I wasn't happy that it was as large as almost all the other assets combined."

If Abel hints at the shareholder meeting that Berkshire is no longer selling shares, it would be seen as a vote of confidence for Apple, which has faced market doubts over lagging in the artificial intelligence race, Morningstar writes.

Share in Berkshire's portfolio: about 3%, among the top 10 largest positions

Berkshire's share in the company's share capital: over 27%

Buffett has publicly called the investment in Kraft Heinz a disappointment. Berkshire withdrew its representatives from Kraft Heinz's board of directors in 2025, and earlier this year, Kraft Heinz said that Berkshire may "from time to time offer for sale" its securities. While a sale is not guaranteed, many on Wall Street expect Berkshire to do just that, Morningstar notes.

"Confidence in Kraft Heinz has been declining slowly over the years," said a Morningstar senior analyst. - I believe this is now one of the most likely positions to be reduced or closed in the near future."

If, however, Abel unexpectedly announces at the meeting that Berkshire is not going to sell Kraft Heinz shares anytime soon, the company's stock price will get a boost, Morningstar writes.

Share in Berkshire portfolio: less than 2%, among the top 10 largest positions

Berkshire's share in the company's share capital: well below 1%

Berkshire's decision to buy $4 billion worth of Alphabet stock in the third quarter of 2025 came as a surprise to many, not only because of the size of the deal, but also because Berkshire typically avoids the technology sector (Buffett considers Apple a consumer rather than technology company). However, Alphabet fits several criteria Berkshire is looking for in an investment. First, the company has a sustainable competitive advantage that protects its business. Second, Berkshire is adept at finding opportunities in companies around which the clouds are gathering: pessimists have argued that sweeping antitrust litigation will reduce Google's search dominance. Abel's positive comments about investing in Alphabet could boost the stock price, Morningstar writes.

Share in Berkshire's portfolio: just over 1%

Berkshire's share in the company's share capital: approximately 37%

Berkshire significantly increased its stake in the radio broadcaster, which is capitalized at just $9 billion in 2024 and 2025. Sirius XM fits into Berkshire's favorite pattern of investing in undervalued assets: its stock fell 55% from the beginning of 2024 to the end of 2025, when Berkshire invested in it.

Morningstar analysts see Sirius XM as a company with no competitive advantage, losing the battle to streaming services. However, other investors may view Sirius XM as a monopoly, since access to its channels is installed by default in most cars sold today, the agency notes.

Buffett hasn't commented on Berkshire's investment in Sirius XM, but perhaps his successor will at this year's shareholder meeting. Abel's positive comments will only spur a recovery in the stock in 2026, Morningstar writes.

Share in Berkshire Hathaway portfolio: less than 1%

Berkshire's share in the company's share capital: approximately 9%

Berkshire has owned shares of Domino's Pizza since 2024 and increased the position in the last quarter of 2025. Berkshire's stake remains below the 10% threshold above which the company has additional transaction disclosure requirements. Given Berkshire's current stake and the lack of public comment on the position, any signals that Berkshire may continue to buy Domino's Pizza shares would drive up their value after the shareholder meeting, Morningstar notes.

This article was AI-translated and verified by a human editor