Warren Buffett, widely regarded as one of the greatest investors in history, officially stepped down as chairman and CEO of Berkshire Hathaway in December 2025. With Greg Abel taking over leadership of the Omaha-based conglomerate, he has emphasized a commitment to maintaining the company’s decentralized operational structure and has indicated that he does not plan to make significant changes to Berkshire’s key equity holdings. This includes powerhouse investments in companies such as American Express and Coca-Cola, as well as promising stakes in Chevron, Domino’s Pizza, and DaVita, all of which boast strong long-term potential.
Berkshire Hathaway holds a noteworthy 6.5% stake in Chevron, valued at approximately $24.7 billion based on current prices. The stock has recently experienced a surge of nearly 25%, driven primarily by rising energy prices. Despite earlier signs of a stagnant crude oil market, Chevron’s strategy of increasing production while simultaneously lowering operational costs has set the stage for a substantial earnings rebound. The ongoing geopolitical tensions in the Middle East are expected to further elevate oil prices, which could amplify Chevron’s financial recovery and future gains.
Meanwhile, Domino’s Pizza is commanding attention as it currently trades at around 21 times forward earnings—on the higher end of valuations within the fast-food sector. Recent analysis from BTIG’s Peter Selah reaffirmed a “buy” rating, pointing out that Domino’s is demonstrating positive same-store sales growth, unlike competitors such as Pizza Hut and Papa John’s, which have faced declines. If this trend persists, Domino’s could achieve a greater valuation, comparable to industry giants like Yum! Brands and McDonald’s, which have forward multiples in the mid-20s. This potential for a valuation increase, combined with steady earnings growth, positions Domino’s as a potential long-term growth stock.
DaVita, on the other hand, is often overlooked among Berkshire Hathaway’s investments, despite its significance. The company operates kidney dialysis centers and has faced challenges, including flat customer volumes and rising operational costs. Last year, DaVita’s full-year earnings declined by 11.7%. However, a recovery may be on the horizon, as the company’s fourth-quarter results exceeded Wall Street expectations, and management has provided optimistic guidance for 2026, projecting adjusted earnings between $13.60 and $15 per share. This optimistic outlook suggests that DaVita could be trading at a low forward earnings multiple in the current market, and if a sustained earnings rebound occurs or if the company successfully diversifies its kidney care services, it could experience significant growth and revaluation in the future.
By opting to retain the long-established strategies of Berkshire Hathaway, Abel’s approach mirrors Buffett’s own investment principles, focusing on long-term value rather than quick gains. The future of these notable stocks, including Chevron, Domino’s, and DaVita, remains a focal point for investors as the company navigates this new leadership era.
