economy
January 24, 2026
New Berkshire CEO Abel quickly signals troubled Kraft Heinz stake could be toast
With Greg Abel as Berkshire Hathaway's new CEO of Berkshire Hathaway, the company is apparently preparing to sell some or all of its Kraft Heinz shares.
TL;DR
- Berkshire Hathaway, the largest shareholder in Kraft Heinz with a 27.5% stake, has filed to sell "up to" almost all its shares.
- The Kraft Heinz merger in 2015, championed by Warren Buffett, is described as a disappointment, with Berkshire having an estimated $2.3 billion loss on the investment.
- Warren Buffett has publicly stated that Berkshire "paid too much" for the Kraft side of the merger, citing increased power of retailers over brands.
- Kraft Heinz is planning to split into two companies, a move Buffett has criticized, suggesting it won't fix the underlying issues.
- The potential share sale by Berkshire could free up cash for the company's substantial reserves, currently over $350 billion.
- Kraft Heinz stock (KHC) fell approximately 7% following the SEC filing.
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