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Berkshire Hathaway recently added positions in the New York Times, Chevron, Chubb and Domino’s Pizza, signaling continued traction in media, energy, insurance and consumer stocks.
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These additions show that Berkshire still sees value in durable cash-generating businesses with lasting competitive advantages.
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Some of Berkshire’s recent purchases continue to look attractive today despite strong performance in some areas of the broader market.
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Berkshire Hathaway rarely adds to a position unless management sees meaningful growth potential ahead, which is why investors tend to closely watch its every move.
Recent filings show Berkshire strengthening its positions on the New York Times, Chevron, Chubb and Domino’s Pizza, signaling growing confidence in four very different businesses across media, energy, insurance and consumer spending.
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Perhaps more importantly for investors, some of these stocks remain attractively positioned today, providing insight into where one of the world’s most successful investment firms may continue to see value despite a market trading near historic highs.
The move that attracted the most attention was Berkshire’s first stake in the company New York Times (NYSE:NYT). The company disclosed ownership of 5,065,744 shares worth about $351.7 million at the end of 2025, marking Berkshire’s return to investing in media after exiting the newspaper portfolio in 2020.
What Berkshire seems to like is that The New York Times has transformed into a modern subscription-oriented digital business rather than a traditional newspaper operator. The company ends 2025 with 12.78 million digital subscribers after adding about 450,000 net digital subscribers in the fourth quarter alone.
Growth in subscriber numbers is directly driving better financial results. Digital-only subscription revenue increased 13.9% YoY to $381.5 million in Q4, while digital advertising increased 24.9% to $147.2 million. Full-year free cash flow increased 44.4% to $550.5 million.
CEO Meredith Kopit Levien 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 buyback suggests the company believes the market may still be underestimating the long-term viability of the business. Shares are up 67% in the past year.
Chevron (NYSE:CVX) has long been one of Berkshire’s strongest energy stocks, and the company added to that position again in the fourth quarter of 2025. Berkshire increased its stake from 122.1 million shares to 130.2 million shares during the quarter, showing continued confidence despite growing concerns about oil prices and energy sector volatility.
Operationally, Chevron continues to perform well. Full-year production reached a record 3,723 MBOED, up 12% from the previous year, while the Permian Basin exceeded its target of 1 million barrels of oil equivalent per day. The company also generated a record operating cash flow of $33.9 billion in 2025 and returned $27.1 billion to shareholders through dividends and buybacks.
Chevron’s dividend was recently increased 4% to $1.78 per quarter, marking the company’s 39th consecutive annual dividend increase. The stock currently yields 3.59%, and management continues to target structural cost savings of $3 billion to $4 billion by the end of 2026. Chevron shares are up 46% over the past year.
Berkshire also strengthened its position in chubb (NYSE:CB), increased ownership from 31.3 million shares to 34.3 million shares in Q4. The move adds to Berkshire’s already significant insurance exposure and gives the conglomerate a larger stake in one of the highest quality property and casualty insurers in the public markets.
Chubb’s recent performance helps explain Berkshire’s growing interest. The company posted a record combined property and casualty ratio of 81.2% in the fourth quarter of 2025, improving from 85.7% a year earlier and signaling elite underwriting discipline. Net premiums increased 8.9% to $13.13 billion, while quarterly net income increased 24.7% year-over-year to $3.21 billion. Core operating EPS came in at $7.52, well above analyst expectations of $6.78.
Chief Executive Officer Evan Greenberg said he expects “outstanding” results in 2026, including strong operating earnings growth and double-digit growth in both EPS and tangible book value. Despite that performance, Chubb trades at just 13 times trailing earnings and 12 times forward earnings, a relatively modest valuation for a business generating this level of profitability. Shares are up 17.65% over the past year.
Berkshire also increased its position in Domino’s Pizza (NASDAQ:DPZ), increasing the number of shares held to about 3.4 million shares. The move has attracted the attention of retail investors as Berkshire appears to be buying into recent weakness. Domino’s remains the only stock among Berkshire’s recent major purchases trading below its reported reserve price.
Fundamentally, the business continues to perform well. Domino’s generated free cash flow of $671.5 million in fiscal 2025, up 31.2% year over year. U.S. same-store sales accelerated to 3.7% growth in Q4, up sharply from 0.4% in the year-ago period, and the company added 776 new stores globally during the year. Management also increased the quarterly dividend 15% to $1.99 per share, continuing Domino’s long track record of returning capital to shareholders.
The stock trades at about 18 times forward earnings, while the analyst consensus target implies an increase to $475.74 from the current price near $363.63. After falling 17.87% over the past year, Berkshire could see Domino’s as a temporary discount compounder with improving momentum.
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