What Brands Does Berkshire Hathaway Own? Warren Buffett's Consumer Empire

The World's Most Unusual Conglomerate

Berkshire Hathaway (NYSE: BRK.A, BRK.B) is not a typical corporation. It is a holding company run by Warren Buffett, widely considered the most successful investor in history. With a market capitalization exceeding $1 trillion and cash reserves of approximately $340 billion (as of mid-2025), Berkshire is one of the most powerful financial entities in the world.

What makes Berkshire unusual is the diversity and apparent randomness of its brand portfolio. The same company that insures your car (GEICO) also powers your remote control (Duracell), serves you ice cream (Dairy Queen), makes your underwear (Fruit of the Loom), and paints your walls (Benjamin Moore). There is no category focus. The only common thread is that each business generates strong, predictable cash flows.

Wholly Owned Consumer Brands

These brands are 100% owned by Berkshire Hathaway:

Insurance

GEICO (Government Employees Insurance Company) is one of Berkshire's most valuable assets. The brand's gecko mascot is one of the most recognized advertising characters in America. GEICO generates approximately $40+ billion in annual premiums.

Consumer Products

Duracell was acquired from Procter & Gamble in 2016 in a stock-swap transaction. Every time you buy Duracell batteries, the profits flow to Berkshire Hathaway's shareholders.

Fruit of the Loom was acquired out of bankruptcy for $835 million in 2002, a classic Buffett move: buying a strong brand at a distressed price. The company also owns Russell Athletic and Spalding sports equipment brands.

Food and Restaurant

Dairy Queen operates over 7,000 locations globally. See's Candies, acquired for just $25 million in 1972, has generated over $2 billion in cumulative profits, making it one of the best investments in business history by return on capital.

Berkshire owns approximately 26.7% of Kraft Heinz (NYSE: KHC), making it the largest shareholder. However, Buffett has acknowledged that Berkshire overpaid for its Kraft Heinz stake, which has declined significantly from the original investment value.

Home and Industrial

Benjamin Moore is one of the most respected paint brands in America, sold exclusively through independent paint retailers (not Home Depot or Lowe's). This selective distribution strategy maintains the brand's premium positioning.

Transportation and Energy

BNSF Railway, acquired for $34 billion in 2010, moves approximately 15% of all US intercity freight. Buffett called it a bet on the American economy.

Pilot Flying J operates over 750 travel centers across North America. Berkshire acquired a majority stake in 2023.

Automotive

Retail and Services

Major Stock Portfolio Holdings

Beyond wholly owned brands, Berkshire Hathaway holds significant stakes in publicly traded companies:

Berkshire's Apple stake alone is worth more than most S&P 500 companies. Buffett has called Apple "probably the best business I know in the world."

The Coca-Cola stake, held since 1988, is one of Buffett's most famous investments. Berkshire's original ~$1.3 billion investment is now worth over $24 billion, and the annual dividend income alone exceeds $700 million.

The Buffett Philosophy

Buffett's brand acquisition strategy differs fundamentally from most conglomerates:

1. Buy and hold forever. Buffett says his favorite holding period is "forever." Berkshire almost never sells an acquired business, even underperforming ones.

2. Hands-off management. Subsidiary managers run their businesses with minimal corporate interference. Dairy Queen's CEO does not report to the same person as GEICO's CEO. Each business operates independently.

3. Cash flow over growth. Buffett values predictable cash flow over rapid growth. Boring businesses that generate steady profits (paint, batteries, underwear, insurance) are preferred over exciting but unpredictable ventures.

4. Brand moats. Buffett looks for businesses with "economic moats," competitive advantages that protect profits. Brand recognition is one of the strongest moats: consumers will pay more for Duracell than a generic battery, for GEICO over an unknown insurer, for See's Candies over an anonymous chocolate box.

The Post-Buffett Question

Warren Buffett turned 95 in August 2025. The question of Berkshire's future leadership and strategy looms over the company:

Designated successor: Greg Abel (Vice Chairman of non-insurance operations) has been named as Buffett's successor as CEO.

Investment successor: Todd Combs and Ted Weschler manage portions of Berkshire's stock portfolio and are expected to take on larger roles.

Will the philosophy continue? Buffett's hands-off, forever-hold approach is unusual and deeply personal. Whether Abel and future leaders maintain this philosophy or shift toward more active management will determine how Berkshire's brands are managed for decades to come.

Frequently Asked Questions

Is Berkshire Hathaway a brand you can buy?

You cannot buy "Berkshire Hathaway" branded products in a store. Berkshire is a holding company that owns other brands. You interact with Berkshire through its subsidiaries: GEICO insurance, Duracell batteries, Dairy Queen restaurants, Fruit of the Loom underwear, etc.

Does Warren Buffett own Coca-Cola?

Berkshire Hathaway owns approximately 9.3% of The Coca-Cola Company, making it one of Coca-Cola's largest shareholders. Buffett does not personally own Coca-Cola; the investment is held through Berkshire.

How much cash does Berkshire Hathaway have?

As of mid-2025, Berkshire had approximately $340 billion in cash and short-term US Treasury holdings. This enormous cash reserve could fund one of the largest acquisitions in corporate history if Buffett finds the right opportunity.

What is Berkshire Hathaway's most valuable brand?

GEICO is likely Berkshire's most valuable consumer brand, generating over $40 billion in annual premiums. Apple, while not wholly owned, is by far the most valuable position in Berkshire's stock portfolio.

The Bottom Line

Berkshire Hathaway is the world's most eclectic brand portfolio. Batteries, ice cream, underwear, insurance, paint, private jets, truck stops, and railroad freight have nothing in common except that they all generate the predictable cash flows that Warren Buffett values above all else. Understanding Berkshire's ownership reveals how a single investment philosophy, applied consistently over 60+ years, built one of the most valuable companies in history.

Explore Berkshire Hathaway's brand portfolio on WhoBrands or browse all companies.

Sources

1. Berkshire Hathaway. Annual Report 2024. berkshirehathaway.com 2. SEC. Berkshire Hathaway 13F Filing. Q3 2025. 3. Motley Fool. "Berkshire Portfolio Analysis." January 2026. 4. Capital.com. "Warren Buffett's 2025 Portfolio."

All brand ownership data verified through WhoBrands.com's research methodology. Last updated: January 23, 2026.