Oct 6, 2026, 11:15 AMFund Management
Heartland Manager Looks Past AI Hype to Berkshire, HVAC and Fire Themes
Heartland Advisors' co-portfolio manager looks past Wall Street's AI hype toward lower-cost adopters, with fires, HVAC and Berkshire Hathaway in focus.
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Summary
A Heartland Advisors co-portfolio manager is urging investors to ignore Wall Street’s artificial intelligence hype and seek companies positioned to use AI as the technology becomes less expensive, according to a MarketWatch feed published October 6, 2026.
The headline identifies fires, HVAC and Berkshire Hathaway as areas of interest, but the limited feed summary does not name the manager, fund, fire or HVAC companies, holdings, valuations, performance figures or planned transactions. No next steps or investment timetable were provided.
Positives
- Falling AI costs could expand the pool of companies able to deploy the technology profitably.
- Heartland Advisors is focusing on companies using AI rather than businesses valued primarily on AI enthusiasm.
- Berkshire Hathaway is specifically identified among the manager’s areas of interest.
Risks & concerns
- Wall Street’s AI hype may be obscuring valuations and opportunities outside prominent technology names.
- The source provides no fund performance, position sizes, valuation measures or evidence supporting the strategy.
- The unnamed fire and HVAC companies cannot be evaluated from the limited feed summary.
Primary sourceMarketWatch.com - Top Storieshttps://www.marketwatch.com/story/wall-street-is-hyping-ai-this-fund-manager-is-betting-instead-on-fires-hvac-and-berkshire-hathaway-1b70fbea?mod=mw_rss_topstories
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