Berkshire Hathaway BRK.A BRK.B holds its annual meeting on May 2. This will be the first shareholder meeting in decades not led by Warren Buffett, who stepped down as CEO at the end of 2025. New CEO Greg Abel will take the stage to provide a business update and will then be joined by Ajit Jain and other Berkshire executives for Q&A sessions thereafter.
It’s tough to predict what will be said—and left unsaid—during the meeting. But one thing’s for certain: The meeting will be different. Morningstar senior analyst Greggory Warren, who has been covering Berkshire Hathaway since 2010, points out that Abel is very different from Buffett. “He’s an operations guy. And I think at this point in Berkshire’s lifecycle, they need an operations guy,” he notes. “There are definitely places within the organization where I think they would benefit from having somebody who’s more operations-focused helping to improve things.”
Given the CEO change, this year’s meeting may include more questions about individual companies than it has in the recent past, as shareholders wonder how the complexion of the company’s businesses may change under new leadership. In fact, Morningstar’s Warren expects Berkshire to pare back its public stock portfolio in the months ahead, given that Todd Combs (who managed a slice of the public portfolio) left last year and Abel may be looking for a smaller roster of public companies to oversee.
Here are a handful of stocks in Berkshire Hathaway’s public portfolio that might be discussed during the meeting for one reason or another—and they could experience a stock price pop or drop thereafter.
5 Stocks That Could Pop (or Drop) After Berkshire’s Annual Meeting
Here’s why we think each of these companies could be talked about during next weekend’s meeting, ranked in order of their weighting in Berkshire’s portfolio as of Dec. 31, 2025 (all returns in this article are measured on a US dollar basis).
Stock Number One: Apple
Weighting in Berkshire’s public portfolio: Top holding, just under 23%
% of outstanding shares owned by Berkshire: Less than 2%
Why Apple’s stock price could pop (or drop): Even though Berkshire has been peeling back its stake in Apple since the fall of 2023, it remains Berkshire’s top holding. Earlier this year, in an interview with CNBC, Buffett said that he began selling Apple stock too soon. “I’m very happy to have it be our largest holding,” Buffett said. “I was not happy to have it be as large as almost everything else combined.” If Abel suggests during the meeting that Berkshire is no longer selling the stock, that could provide a vote of confidence that Apple could use today, given the market’s perception that the company is falling behind in the artificial intelligence race as CEO Tim Cook plans to step down in the fall.
Read Morningstar’s full report on Apple.
Stock Number Two: Kraft Heinz
Weighting in Berkshire’s public portfolio: Top-10 holding, about 3%
% of outstanding shares owned by Berkshire: More than 27%
Why Kraft Heinz’s stock price could pop (or drop): Buffett has said publicly—more than once—that Berkshire’s involvement in Kraft Heinz has been a disappointment. Berkshire pulled its representatives from Kraft Heinz’s board in 2025, and earlier this year, Kraft Heinz filed a Form 424(b)(7), disclosing that Berkshire is looking to sell “from time to time” up to 325,442,152 shares of its common stock. While there’s no guarantee that Berkshire will sell, many, including Morningstar’s Warren, expect Berkshire to do just that. “Confidence in Kraft Heinz has been slowly deteriorating over the years,” he says. “I think at this point, it would probably be one of the highest likely stocks to be trimmed or sold in the near term.” Now, if Abel surprises and indicates at the meeting that Berkshire will not be offloading the stock anytime soon, that could help the struggling stock.
Read Morningstar’s full report on Kraft Heinz.
Stock Number Three: Alphabet
Weighting in Berkshire’s public portfolio: Top-10 holding, less than 2%
% of outstanding shares owned by Berkshire: Well below 1%
Why Alphabet’s stock price could pop (or drop): Berkshire’s $4 billion new money purchase of Alphabet stock during the third quarter of 2025 surprised some, both for its size and for what may seem like a tech bet from someone who has typically eschewed the sector. (Buffett considers Apple to be more of a consumer company than a tech one.) Yet Alphabet does tick a few boxes when it comes to qualities that Berkshire looks for in its companies. For one, it possesses a wide economic moat that stems from four of our five moat sources (intangible assets, network effect, cost advantage, and consumer switching costs), which is rare. Plus, Berkshire has a knack for buying companies clouded in controversy, and remember that, in 2025, bears argued that lingering antitrust cases would eventually reduce Google’s search dominance. Positive commentary from Abel about the Alphabet stake could boost the stock.
Read Morningstar’s full report on Alphabet.
Stock Number Four: Sirius XM
Weighting in Berkshire’s public portfolio: Just over 1%
% of outstanding shares owned by Berkshire: About 37%
Why Sirius XM’s stock price could pop (or drop): Berkshire significantly added to its position in Sirius XM in 2024 and 2025 and now owns more than one-third of the company’s stock. Sirius XM fits the mold as a blood-in-the-streets investment that Berkshire Hathaway typically likes: The stock was down 55% between the start of 2024 and the end of 2025, when Berkshire piled in. While Morningstar sees Sirius XM as a no-moat company that’s in a losing battle against streaming music providers offering a better value proposition, others may consider Sirius XM a monopoly, given that access to the service is standard in most new vehicles being sold today. Buffett hasn’t commented on Berkshire’s Sirius XM stake, but perhaps Abel will at this year’s meeting. And if he does in a positive way, that may only feed this small-cap stock’s comeback in 2026.
Read Morningstar’s full report on Sirius XM.
Stock Number Five: Domino’s Pizza
Weighting in Berkshire’s public portfolio: Less than 1%
% of outstanding shares owned by Berkshire: About 9%
Why Domino’s Pizza’s stock price could pop (or drop): Berkshire began building a position in Domino’s Pizza during the third quarter of 2024 and added to the position as recently as the fourth quarter of 2025. Berkshire’s current ownership stake rests just below the 10% threshold that would require the firm to report its purchases and sales of the stock. Given Berkshire’s current ownership stake—and given Berkshire’s lack of public commentary around the position—anything suggesting that Berkshire might continue to buy more of Domino’s Pizza stock could lead to a price pop for this small-cap stock after the meeting.
