On August 14, 2026, Berkshire Hathaway, the conglomerate led by Warren Buffett, filed its Form 13F with the SEC, revealing a $299.3 billion portfolio spread across 26 positions. This quarterly filing requirement reflects holdings as of the last day of the quarter, June 30, 2026. The portfolio remains heavily concentrated in a few large U.S. companies, with a strong focus on technology, finance, and consumer sectors.
Warren Buffett, the legend of value investing, favors companies with sustainable competitive advantages, competent management, and reasonable valuation. His exceptional track record over decades has made Berkshire Hathaway a benchmark for investors worldwide. The current portfolio reflects this approach: companies like Apple, American Express, and Coca-Cola are dominant brands with predictable cash flows. Buffett has consistently shown a preference for sectors he understands well, such as finance, consumption, and energy, and he often holds his positions for the long term, sometimes for decades.
Key New Positions and Strengths
The Q3 2026 13F filing shows stability in major positions but some notable adjustments. The largest position remains Apple Inc., with 227,917,808 shares valued at $65.95 billion, or 22.0% of the portfolio. American Express follows with 151,610,700 shares at $51.28 billion (17.1%). Alphabet Inc., the parent company of Google, represents 105,979,600 shares for $37.76 billion (12.6%). Coca-Cola, with 400,000,000 shares, weighs in at $32.51 billion (10.9%). Bank of America is the fifth position with 483,394,015 shares at $27.54 billion (9.2%).
Among other significant positions, Chevron stands with 84,375,856 shares at $13.99 billion, Occidental Petroleum with 264,941,431 shares at $12.87 billion, Chubb Limited with 34,249,183 shares at $11.67 billion, Moody's with 24,669,778 shares at $11.17 billion, and Kraft Heinz with 325,634,818 shares at $7.69 billion. These ten positions represent the vast majority of the portfolio, with the remaining 16 totaling $26.8 billion.
The filing does not provide details on net purchases or sales compared to the previous quarter, but the current composition shows continued confidence in technology and financial sectors. It is possible that Berkshire may have strengthened certain positions, but without Q2 2026 comparative data, we cannot confirm this with certainty. Based on available information, the portfolio appears stable, with a slight potential shift toward defensive stocks.
Reductions and Exits: What Buffett/Management Is Leaving
The Form 13F lists only the long positions held at the end of the quarter; it does not explicitly show reductions or complete exits. However, by comparing with previous filings, some movements can be inferred. For example, if a position that appeared in the previous quarter no longer appears, it indicates a full sale. In this case, the portfolio includes 26 positions, and the provided data does not mention specific exits. It is possible that some smaller positions were liquidated or reduced, but without the complete 13F filing, we cannot identify these changes. The available data shows that the major positions remain unchanged, suggesting that Buffett maintains his convictions.
The Limits of the 13F: What This Filing Does NOT Say
The Form 13F is a valuable tool for investors but has its limitations. It only reports equity securities exceeding 5% of a portfolio and does not include holdings in investment-grade bonds, derivative positions, or other financial instruments. Additionally, it does not reveal the exact timing of purchases or sales, nor does it provide insight into the rationale behind changes in positions. Furthermore, the filing does not disclose any put or call positions, which could be significant for understanding the company's strategies. Lastly, the 13F reflects only a single point in time and does not capture the entire investment strategy or decisions made throughout the quarter.
