The Morning Filter Berkshire Hathaway After Warren Buffett: An Early Read on What Investors Can Expect
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Mar 5, 2026 Gregg Warren, Morningstar senior analyst who has long covered Berkshire Hathaway, walks through life after Buffett with sharp, concise analysis. He breaks down what new CEO Greg Abel might prioritize. He previews likely sales like Kraft Heinz and Apple, outlines potential portfolio trims, and explains why dividends remain off the table.
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Kraft Heinz Remains A Problem Investment
- Warren explains Berkshire still owns about 28% of Kraft Heinz, acquired via the 2013 Heinz buyout and 2015 Kraft merger.
- He notes 3G's cost-cutting and industry shifts left Kraft Heinz structurally challenged and frequently written down.
Berkshire Likely To Trim Or Sell Kraft Heinz
- Gregg Warren expects Berkshire to sell Kraft Heinz, calling it a slow-motion separation after years of diminishing confidence.
- He points to Berkshire pulling off the board after the proposed split and recent SEC filings as signals they're sellers.
Portfolio Streamlining Will Continue
- Warren predicts more portfolio streamlining beyond Kraft Heinz because Berkshire's public portfolio is huge and they've already trimmed Apple and BofA.
- He adds Todd Combs' departure increases likelihood they'll sell holdings he sourced, like Visa and Mastercard.