Warren Buffett's Berkshire Hathaway Holds $299.3 Billion in 26 Stocks at Q3 2026 Close
Berkshire Hathaway, led by Warren Buffett, reports a $299.3 billion portfolio at the close of Q3 2026. Apple accounts for 22%, followed by American Express at 17.1% and Alphabet at 12.6%.
Berkshire Hathaway, led by Warren Buffett, reported a $299.3 billion equity portfolio for Q3 2026, spread across 26 positions as disclosed in the 13F filing with the SEC.
Warren Buffett's Investment Philosophy at Berkshire Hathaway
Warren Buffett employs a "value" investing approach, seeking businesses with sustainable competitive advantages, strong cash flow, and management capable of creating long-term value. This strategy focuses on securities where market price is deemed below estimated intrinsic value, while avoiding cyclical sectors or complex business models. Historically, Berkshire's portfolio has been dominated by U.S. listed equities, with a focus on consumer staples, financial services, and mature technology sectors. The investment style combines patience, concentration on a limited number of positions, and reinvestment of dividends, which has generated superior market-average returns over decades.
Key New Positions and Strengthenings
The 13F filing shows that Berkshire's largest position remains Apple Inc., valued at $65.95 billion (22.0% of the total portfolio). This allocation reflects Buffett's confidence in Apple's ability to maintain its ecosystem and generate consistent cash flow. The second position, American Express Co., totals $51.28 billion (17.1% of the portfolio), highlighting the fund's focus on high-margin financial services and customer loyalty. Alphabet Inc. holds $37.76 billion (12.6%), showing interest in stable advertising revenues and AI initiatives. Coca-Cola Co. at $32.51 billion (10.9%) confirms Buffett's historical preference for strong consumer brands with predictable cash flow. Bank of America Corp., valued at $27.54 billion (9.2%), underscores the fund's exposure to U.S. banks benefiting from resilient net interest margins. Energy sector positions â Chevron Corporation ($13.99 billion, 4.7%) and Occidental Petroleum Corp. ($12.87 billion, 4.3%) â indicate diversification into hydrocarbons while taking advantage of attractive dividend yields. Additionally, the fund holds insurance (Chubb Limited, $11.67 billion, 3.9%), credit rating (Moody's Corp., $11.17 billion, 3.7%), and food sector (Kraft Heinz Co., $7.69 billion, 2.6%) stocks. The remaining 16 positions total $26.8 billion, or approximately 9% of the portfolio, with details not provided in the summary.
Cuts and Exits â What Buffett is Leaving Behind
The 13F filing does not explicitly indicate any divestments or position reductions during the quarter. Without comparison to the prior quarter's filing, it's impossible to determine which securities may have been sold or reduced. The document only reveals positions held at the quarter's end, leaving prior movements undocumented in this filing.
Limitations of the 13F: What This Filing Doesn't Say
The 13F form discloses long U.S. equity holdings as of the quarter's close but is filed within 45 days afterward, introducing a reporting lag. Short positions, options, futures contracts, and interests in non-U.S. or foreign private companies are not included. Additionally, the filing does not specify purchase prices, acquisition dates, or future holding intentions, limiting interpretation of timing or hedging strategies. Finally, the reported values correspond to market value at quarter close, without adjustments for intraday fluctuations or subsequent accounting changes.
