Berkshire Hathaway's Q4 2025 13F, filed February 17, showed Buffett adding to Chevron, Chubb, and Domino's, while also starting a new position in The New York Times. Three months later, three of those four adds are up. Domino's is the only one still trading below its Q4 close of $414.73.
Here's how the scorecard looks as of April 8, 2026 since 2025 Q4 close
CVX (Chevron): +27.8%
NYT (New York Times): +22.7%
CB (Chubb): +6.9%
DPZ (Domino's): -9.3% from $414.73 to $376.24
Every stock he trimmed in the same filing is down.
AAPL -4.7%.
AMZN -4.1%.
BAC -5.1%.
That is what makes DPZ interesting.
Domino's is not some fragile consumer story. It is one of the cleanest franchise models in fast food. More than 98% of stores are franchised, which means franchisees carry most of the store level operating burden while Domino's collects royalties and supply-chain economics at scale. It is a recurring cash-flow machine disguised as a pizza chain.
The stock is down even though the latest quarter was not bad. U.S. same-store sales rose 3.7%, ahead of the 2.5% analysts were expecting. International same-store sales slowed to 0.7%, and adjusted EPS came in at $5.35 versus $5.39 expected. In other words: not a disaster, just not clean enough for the market.
That leaves Domino's as the only Buffett Q4 add that has not worked yet.
Maybe Buffett is wrong on this one. Or maybe this is simply the laggard in a basket where the rest of his Q4 positioning has already been validated.
When Buffett's only unloved Q4 add is still trading below his disclosed entry, it deserves a closer look.
Not financial advice.
Source: SEC 13F Filing, Berkshire Hathaway (filed Feb 17, 2026). All prices via Yahoo Finance as of April 8, 2026.