Berkshire Hathaway Reports $299.3B in Assets, Apple Maintains Largest Position at $65.95B
Under Warren Buffett, Berkshire Hathaway reports a portfolio of $299.3 billion as of September 30, 2026. Apple accounts for 22% of the total, followed by American Express (17%) and Alphabet (13%).
Berkshire Hathaway, led by Warren Buffett, reported a market-valued portfolio of $299.3 billion as of September 30, 2026, spread across 26 positions.
Warren Buffett's Investment Philosophy at Berkshire Hathaway
Warren Buffett focuses on a value-oriented approach, seeking businesses with sustainable competitive advantages, high-quality management, and predictable cash flows. For decades, the fund has combined a "value" style with selective holdings in high-growth stocks within resilient sectors such as financial services, consumer goods, and energy. Historical performance demonstrates the ability to generate returns exceeding market benchmarks through the long-term holding of high-quality assets.
Key New Positions and Strengths
The third-quarter 2026 filing indicates that the top ten positions account for 99.6% of the reported portfolio, totaling $298.6 billion. Apple Inc. remains the largest holding at $65.95 billion (22.0% of the total), representing 227,917,808 shares. American Express Co. holds the second position with $51.28 billion (17.1% of the portfolio) and 151,610,700 shares. Alphabet Inc. ranks third, valued at $37.76 billion (12.6%) for 105,979,600 shares. The three aforementioned stocks all come from the technology or financial services sectors, areas Buffett views as possessing strong cash flow generation and margin protection.
The remaining top ten positions include Coca-Cola Co. ($32.51 billion, 10.9%), Bank of America Corp. ($27.54 billion, 9.2%), Chevron Corporation ($13.99 billion, 4.7%), Occidental Petroleum Corp. ($12.87 billion, 4.3%), Chubb Limited ($11.67 billion, 3.9%), Moody's Corp. ($11.17 billion, 3.7%), and Kraft Heinz Co. ($7.69 billion, 2.6%). No new investment or strengthening activity is indicated in the filing; the figures reflect the composition at the end of the quarter.
Cuts and Exits â What Buffett is Leaving Behind
The Form 13F filing does not indicate any full exits from the top ten positions. The remaining $26.8 billion across 16 additional unnamed positions are spread across the other 16 holdings. Without precise data on changes to these positions, it's impossible to quantify potential divestments.
Limitations of the 13F: What This Filing DOESN'T Say
The Form 13F, filed with the SEC within 45 days after the end of the quarter, only covers long U.S. listed equity positions. It excludes short positions, options, futures contracts, and off-market or foreign investments. Additionally, reporting is delayed by about one and a half months, meaning the figures reflect the position on the last day of the quarter, not necessarily the fund's current stance. Furthermore, the amounts indicated represent market value, without specifying purchase prices or latent gains.
For individual investors, it's important to note that the 13F filing does not provide insight into the short strategy, cash positions, or non-equity commitments. Therefore, analyzing this filing should be supplemented by reviewing annual reports, shareholder letters, and public interviews with Warren Buffett to fully grasp the investment logic.
