Berkshire Hathaway, led by legendary investor Warren Buffett, reported a $299.3 billion equity portfolio as of Q3 2026, comprising 26 distinct positions according to the SEC-form filed on August 14, 2026. Berkshire Hathaway: Warren Buffett's Investment Philosophy Warren Buffett employs a value investing approach, seeking businesses where the market price is below his estimate of intrinsic value. This method relies on fundamental analysis, margin of safety, and preference for companies with durable competitive advantages (or "moats"). The fund favors long-term positions, typically holding securities for extended periods, and avoids short-term trading strategies. Historically favored sectors include financial services, consumer staples, information technology, and energy, reflecting Buffett's belief that cash flow quality and stability are the best indicators of long-term value creation. (Source: SEC EDGAR 13F-HR). Major New Positions and Strengths The Q3 2026 13F filing reveals Berkshire Hathaway's top ten positions, accounting for 92% of the reported portfolio value. Apple Inc. leads with $65.95 billion (22.0% of the portfolio), representing 227,917,808 shares. American Express Co. follows with $51.28 billion (17.1% of the portfolio) and 151,610,700 shares. Alphabet Inc. ranks third at $37.76 billion (12.6%) with 105,979,600 shares. Coca-Cola Co. holds $32.51 billion (10.9%) across 400 million shares, while Bank of America Corp. represents $27.54 billion (9.2%) and 483,394,015 shares. Significant energy sector positions include Chevron Corporation ($13.99 billion, 4.7%) and Occidental Petroleum Corp. ($12.87 billion, 4.3%). The insurance sector appears with Chubb Limited ($11.67 billion, 3.9%). Moody’s Corp. ($11.17 billion, 3.7%) and Kraft Heinz Co. ($7.69 billion, 2.6%) complete the top ten. The remaining 16 positions total $26.8 billion (approximately 9% of the portfolio), but their specific titles are not detailed in the provided summary. No additional figures regarding recent purchases or stake increases are indicated, as the filing only specifies values as of the quarter's end. Reductions and Exits – What Buffett/The Manager is Exiting The 13F form does not include a separate column indicating divestments or reductions compared to previous quarters. Without direct comparison to the prior quarter's filing, it's impossible to identify from the Q3 2026 filing alone which positions have been partially or fully liquidated. The filing limits itself to the state of holdings as of the quarter's closing date, with no explicit exits mentioned in the provided data. Limitations of the 13F: What This Filing DOES NOT Say The 13F form, mandatory for managers holding over $100 million in U.S. equities, presents several methodological constraints. First, it is filed within 45 days following the end of the quarter, introducing a publication delay that can slightly misalign the information with current market movements. Second, the 13F only lists long equity positions in U.S. stocks; short positions, option contracts, debt securities, and foreign holdings are excluded from the filing. Finally, the form does not reveal hedging strategies, indirect exposures through mutual funds or alternative investment vehicles, or future intentions of the manager. For a comprehensive view, investors should consult the complete filing available on the SEC EDGAR website. To review the full filing and verify each line of the table, visit the official SEC EDGAR deposit: https://www.sec.gov/Archives/edgar/data/1067983/000119312526352200/0001193125-26-352200-index.htm.