Berkshire Hathaway Reports $299.3 Billion Portfolio: Apple Remains Largest Position at $65.95 Billion
As of September 30, 2026, Berkshire Hathaway, led by Warren Buffett, reports a $299.3 billion portfolio across 26 holdings. Apple accounts for 22% ($65.95 billion), followed by American Express (17%) and Alphabet (13%).
Berkshire Hathaway, the investment conglomerate led by Warren Buffett, reported a listed portfolio of $299.3 billion as of September 30, 2026, across 26 holdings, according to the 13F-HR filing submitted on August 14, 2026, to the SEC's website.<\/p>
Warren Buffett employs a long-term value strategy, focusing on businesses with durable competitive advantages, strong cash reserves, and reliable management. This approach involves purchasing shares below their intrinsic value and holding them for extended periods to benefit from profit and dividend growth. Over the decades, the fund has delivered average returns exceeding those of the S&P 500, driven by rigorous stock selection and concentrated sector exposure in consumer goods, financial services, and energy.<\/p>
Key New Positions and Strengths<\/h2>
The filing does not detail changes from the previous quarter; it only lists holdings as of the quarter's end. Nevertheless, the top ten positions account for 92.6% of the portfolio, totaling $277.5 billion, with Apple leading at $65.95 billion (22% of the portfolio). American Express ($51.28 billion, 17.1%) and Alphabet ($37.76 billion, 12.6%) round out the top three, highlighting Berkshire's appetite for high-margin brands and recurring cash flows. Positions in Coca-Cola, Bank of America, Chevron, Occidental, Chubb, Moodyâs, and Kraft Heinz reinforce the focus on consumer goods, financial services, and energy sectorsâhistorically favored by Buffett for their resilience and regular dividends.<\/p>
Cuts and Exits - What Buffett is Leaving Behind<\/h2>
Based on available information, the 13F form does not indicate any full exits or substantial reductions in positions during the quarter; it merely lists the holdings as of the closing date. Without a comparison to the previous filing, it's impossible to quantify potential divestments.<\/p>
Limitations of the 13F: What This Filing DOESN'T Say<\/h2>
The 13F form, required by the SEC, must be filed within 45 days after the end of the quarter and only includes long equity positions in U.S. stocks. It excludes short positions, options, futures contracts, as well as shares held through offshore vehicles or non-U.S. funds. Consequently, Berkshire's actual portfolio may include assets not reflected in the filing, such as private investments, bonds, or real estate holdings. The filing delay also means the data may already be outdated by the time it's released.<\/p>
Macro Portfolio Direction<\/h2>
The high concentration in technology stocks (Apple, Alphabet) and financial services (American Express, Bank of America) reflects confidence in these sectors' ability to sustain profit growth despite an uncertain economic environment. The notable presence of energy assets (Chevron, Occidental) underscores exposure to commodities, while consumer goods (Coca-Cola, Kraft Heinz) provide stability through consistent demand. This allocation suggests Buffett is betting on the combination of recurring revenues, robust margins, and predictable cash flows to navigate macroeconomic fluctuations.<\/p>
