Warren Buffett might be easing back on stock purchases, but that doesn’t mean he’s walking away from the market. As Berkshire Hathaway’s CEO transition approaches, the legendary investor is keeping his grip on select holdings that he believes still have plenty of room to run.
Amazon Keeps Its Grip Despite Cloud Jitters
Amazon’s share price has stumbled lately, but Buffett’s faith in the tech giant appears unchanged. The company’s AWS unit — often considered the backbone of its profitability — grew sales by 17.5% year-over-year in Q2 2025, even as some analysts questioned its position in the AI race.
Yes, rivals like Microsoft’s Azure and Google Cloud have been grabbing headlines. Still, AWS remains the market leader. The growth rate might not be breakneck, but it’s steady, and that’s something Buffett has always valued.
Tariffs have emerged as another talking point. CEO Andy Jassy admitted there’s uncertainty in the air, but so far, consumer behavior hasn’t shifted dramatically. Shoppers are still finding competitive prices on Amazon, and that keeps the wheel turning.
Many on Wall Street expect AWS to maintain its top spot in cloud services while riding the AI wave. Buffett’s long-term lens means he’s betting on the company’s ability to adapt and keep scaling, trade headwinds or not.
Domino’s Pizza Serves Up Resilience
Buffett’s team picked up Domino’s Pizza shares in recent quarters, giving Berkshire a 7.7% slice of the pie. For a man who prizes businesses that can thrive in lean times, Domino’s fits like a glove.
Economic indicators are starting to flash yellow, with inflation ticking higher and job growth cooling. In such climates, people often cut back on restaurant spending — but ordering pizza is the kind of affordable indulgence that tends to survive budget tightening.
The company’s domestic supply chain also buffers it from trade-related shocks. Even if ingredient costs inch up, Domino’s can maintain value pricing without losing customers.
And when it comes to competing on convenience and reach, Domino’s is still tough to beat. Its delivery network and digital ordering system keep it ahead in a crowded food service space.
Mitsubishi: Berkshire’s Japanese Twin
Buffett has called Mitsubishi a long-term keeper, a rare distinction that says more than any quarterly buy or sell decision. With a forward P/E of 14, the stock is cheaper than Berkshire itself, and yet it shares a similar multi-industry, conglomerate-style structure.
This is not a high-flying tech play or a speculative turnaround story. Mitsubishi owns more than 1,200 businesses — from energy to food to materials — making it feel almost like an ETF wrapped in a corporate shell.
The market’s recognition of its value is evident. Shares are up more than 20% year-to-date, and that’s without the kind of volatility-driven swings you’d see in growth stocks.
Buffett likes businesses that throw off steady cash and have strong internal capital allocation. Mitsubishi checks both boxes, while offering exposure to Japan’s industrial and consumer markets.
