Berkshire Hathaway Reports $299.3B in Portfolio for Q3 2026, Apple Still Leading
Berkshire Hathaway, led by Warren Buffett, holds $299.3 billion in stocks for Q3 2026. Apple makes up 22% of the portfolio, followed by American Express and Alphabet.
Berkshire Hathaway, led by Warren Buffett, filed its Form 13F with the SEC for the third quarter of 2026, revealing a total stock portfolio valued at $299.3 billion. The fund holds 26 positions, with the top ten representing nearly 90% of the total value. The filing, made on August 14, 2026, reflects the positions held as of June 30, 2026.
Warren Buffett, the legendary value investor, has led Berkshire Hathaway since 1965. His approach focuses on acquiring high-quality companies at reasonable prices with a long-term perspective. He prioritizes businesses with sustainable competitive advantages, capable management, and stable cash flows. Historically, Buffett has generated an annualized return of approximately 20% over decades, outpacing the S&P 500. His style is often described as "value investing," but he has adapted by investing in technology companies like Apple, viewing it as a consumer brand. Berkshire Hathaway is known for its concentration: the top ten positions account for 88.4% of the portfolio, a typical feature of its management.
Key New Positions and Strengthens
Berkshire Hathaway's Q3 2026 portfolio shows stability in its major positions. No new positions were created, but existing holdings were strengthened. The largest position is Apple Inc., with 227.9 million shares, representing $65.95 billion, or 22.0% of the portfolio. American Express Co. follows with 151.6 million shares, totaling $51.28 billion (17.1%). Alphabet Inc. is third with 105.98 million shares, amounting to $37.76 billion (12.6%). Coca-Cola Co. is fourth with 400 million shares, valued at $32.51 billion (10.9%). Bank of America Corp. is fifth with 483.39 million shares, worth $27.54 billion (9.2%). These five positions alone account for 71.8% of the portfolio. The fund also holds stakes in Chevron (84.38 million shares, $13.99 billion), Occidental Petroleum (264.94 million shares, $12.87 billion), Chubb Limited (34.25 million shares, $11.67 billion), Moody's Corp. (24.67 million shares, $11.17 billion), and Kraft Heinz (325.63 million shares, $7.69 billion). These strengthenings reflect strong conviction in these companies, primarily in the technology, finance, and consumer sectors.
Cuts and Exits - What Buffett is Leaving Behind
The 13F filing shows no full exit from any position, but some positions were reduced. According to available information, Berkshire Hathaway reduced its stake in Bank of America, cutting shares from 1.032 billion in the previous quarter to 483.39 million, a decrease of over 53%. This reduction lowered the position's value from $58.8 billion to $27.54 billion. Similarly, the Apple position was reduced: shares dropped from 400 million to 227.9 million, a 43% decline. This cut reduced the value from $115.4 billion to $65.95 billion. These moves indicate profit-taking, possibly to fund other opportunities or reduce concentration risk. However, these reductions did not change the hierarchy of positions, with Apple remaining the largest. No other significant reductions are noted in the provided data.
The Limits of the 13F: What This Filing DOESN'T Say
The Form 13F is a required filing for institutional investors managing more than $100 million in listed stocks. It must be filed within 4
