Alcohol producer Constellation Brands secured a nod from the the Oracle of Omaha. "It's a positive for Constellation Brands ... it's a big vote of confidence," CFRA analyst Garrett Nelson said. Other investors follow Berkshire Hathaway's moves quite often "given [its] track record of success going back many decades.

Berkshire entered a new holding in Constellation Brands during the fourth quarter of 2024. Buffett's firm also trimmed its position in Bank of America.

Fast forward half a century, Bill Ackman, the billionaire hedge fund manager behind Pershing Square Capital Management, is looking to replicate Buffett’s success by creating a “modern-day Berkshire Hathaway.