Buffett's Successor Is Ready To Pass The Ketchup — Berkshire's Kraft Heinz Losses Are Bigger Than You Think

Benzinga_recent_news01-22

Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) shares underperformed the S&P 500 in 2025, marking a rare miss in the final year under Warren Buffett‘s leadership. With Buffett gone from the CEO role, ...

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Buffett's successor looks ready to move on.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","BK4559":"巴菲特持仓","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","BRK.B":"伯克希尔B","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU0971096721.USD":"富达环球金融服务 A","BK4588":"碎股","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4550":"红杉资本持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0306806265.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0225771236.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","KHC":"卡夫亨氏","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","BK4581":"高盛持仓","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","BK4534":"瑞士信贷持仓","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","BK4585":"ETF&股票定投概念","LU0225284248.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0251142724.SGD":"Fidelity America A-SGD","BK4176":"多领域控股","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","BK4558":"双十一","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","BK4212":"包装食品与肉类","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","BK4504":"桥水持仓"},"translate_title":"巴菲特接班人准备传递番茄酱——波克夏卡夫亨氏损失比你想象的要大","themeId":"84b6cf9e1377e85be3ba64041e4dfe8f","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KHC":1.94,"BRK.B":1.96},"content_text":"Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) shares underperformed the S&P 500 in 2025, marking a rare miss in the final year under Warren Buffett‘s leadership. \nWith Buffett gone from the CEO role, his successor could have his eye on changing some of the long-standing stock picks.\nKraft Heinz Co (NASDAQ:KHC) shares fell Tuesday after hours with the company filing plans to sell up to 325,442,152 shares on behalf of shareholder Berkshire Hathaway. The shares can now be sold at any time.\nThe position represents around 27.5% of the entire food company and is part of a stake that came to Berkshire Hathaway after the conglomerate helped fund the purchase of H.J. Heinz with 3G Capital in 2013 and later helped fund the merger of Kraft and Heinz in 2015.\nKraft Heinz shares hit a new 52-week low of $22.35 on Wednesday, trading down 32% over the past five years.\nShares opened for trading at $30.95 in 2025 before ending the year down 21.6% at $24.25. Based on the count of 325,442,152 shares, Berkshire's position was down $2.18 billion in 2025 alone.\nHowever, things get even worse when the curtain is pulled back to the time of the 2015 merger.\nKraft Heinz shares traded at $73.73 on July 7, 2015, shortly after the merger was approved. This was the furthest date Yahoo Finance would go back for the stock.\nIf Berkshire Hathaway had the full 325,442,152 share stake on that date, there position would have been worth $23.99 billion. Today, the position is worth only $7.89 billion and down more than $16.10 billion.\nThat may not tell the whole story as Kraft Heinz shares paid out a high dividend yield each year, which was collected by shareholders, including Berkshire Hathaway. However, Berkshire Hathaway also helped provide $10 billion in funding back in 2015 to pay out special dividends to Kraft shareholders to complete the merger.\nIn total, Berkshire Hathaway saw a significant loss on their investment in Kraft Heinz, a deal that Buffett was once passionate about. The legendary investor believed that consumers had preferences for brand names owned by the combined company, but over time, the thesis may have proved incorrect with consumers buying store-label brands and trading down for lower-priced options.\nWhile Buffett may have been waiting for a turnaround or better time to sell the stock, his successor Greg Abel could be making his first big move as CEO of the conglomerate. The move could also signal that Abel is willing to make a review of the portfolio and sell positions that have been held for decades.\nThe potential sale of Berkshire's stake comes ahead of Kraft Heinz's plan to separate the business into two separate units.\nKraft Heinz plans to separate into Global Tase Elevation Co and North American Grocery Co, in a tax-free spinoff expected to close in the second half of 2026.\nLast year, Buffett spoke out against the separation saying it wouldn't solve the struggles of the company. Buffett said he was \"disappointed\" in the idea of the spinoff.\nBuffett admitted that the Kraft and Heinz merger didn't end up being the brilliant idea he thought it would be. He cautioned that taking the company apart wouldn't solve the problem.\nThe investor also said at the time that Abel was disappointed in Kraft Heinz, which may have foreshadowed this week's news of the potential sale of the stake.\n3G Capital exited their position in Kraft Heinz in 2023, after years of slowing trimming its stake.\nImage: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605487930","isCrawlerRequest":true}