Berkshire Hathaway Holds 22% of Its Portfolio in Apple, Amounting to $65.95 Billion
As of September 30, 2026, Berkshire Hathaway reported a portfolio of $299.3 billion, with Apple accounting for 22% ($65.95 billion). The top 10 holdings make up 86% of the total, led by American Express and Alphabet.
Warren Buffett employs a value investing approach, focusing on businesses with sustainable competitive advantages, strong management, and the ability to generate consistent cash flows. This strategy involves purchasing stocks at prices below their intrinsic value and holding them long-term, sometimes for decades. Historically, the fund has delivered returns exceeding market averages, particularly through significant positions in consumer goods, financial services, and information technology sectors. The current portfolio reflects a preference for recognized brands, robust balance sheets, and stable cash flows.
Buffett's style combines elements of value investing with prudent sector selection. He avoids highly volatile or uncertain business models, which explains the presence of companies like Coca-Cola, American Express, and major oil firms. The fund does not engage in high-frequency trading or short positions, focusing exclusively on long-term equity positions reported in Form 13F.
Key New Positions and Strengthenings
The third-quarter 2026 filing does not explicitly signal new acquisitions compared to previous disclosures; it highlights the most significant positions as of September 30. Apple Inc. leads with a value of $65.95 billion (22.0% of the portfolio), representing 227,917,808 shares. American Express 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%). These three holdings account for nearly half of the portfolio, highlighting the fund's focus on technology and financial giants with high cash flow.
The remaining top-10 positions include Coca-Cola (9.9% of the portfolio), Bank of America (9.2%), Chevron (4.7%), Occidental Petroleum (4.3%), Chubb (3.9%), Moody's (3.7%), and Kraft Heinz (2.6%). In total, the top 10 holdings represent approximately 86% of the reported value, leaving 14% spread across 16 other positions totaling $26.8 billion.
These allocations suggest the fund continues to strengthen its positions in sectors deemed resilient against macroeconomic uncertainties, namely technology (Apple, Alphabet), financial services (American Express, Bank of America), and energy (Chevron, Occidental). The absence of new holdings in the filing indicates the manager preferred to consolidate existing positions rather than expand the investment horizon.
Reductions and Exits â What Buffett/Management is Leaving
The Form 13F does not detail divestments made during the quarter; it only reports holdings as of the closing date. Therefore, no exits or reductions can be confirmed from the provided data. The portfolio remains heavily concentrated on previously identified stocks, with no indication of sector disengagement.
Without additional data, it is notable that the fund did not declare major asset sales during the quarter, which may reflect ongoing confidence in the long-term performance of selected companies.
Limitations of the 13F: What This Filing DOES NOT Say
Required by the SEC, the Form 13F must be filed within 45 days after the end of the quarter. It only covers long equity positions in US-listed stocks and excludes holdings via options, futures, or non-US funds. Additionally, short positions, derivatives, and foreign assets are not included, which may obscure part of the fund's global strategy. Finally, the filing reflects assets on the last day of the quarter, without considering intermediate fluctuations that might have occurred during the same quarter.
For a comprehensive view, investors are encouraged to review the full filing available on the SEC website via the provided link.
