Berkshire Hathaway Holds $299.3 Billion in Equities: Apple, American Express, and Alphabet Remain Cornerstones of Q3 2026 Portfolio
Berkshire Hathaway, led by Warren Buffett, reports a $299.3 billion portfolio across 26 positions. Apple accounts for 22% of the total, followed by American Express (17%) and Alphabet (13%).
Berkshire Hathaway, the conglomerate led by Warren Buffett, reported a market portfolio of $299.3 billion at the close of the third quarter 2026, spread across 26 positions.
Warren Buffett employs a so-called "value investing" approach: he seeks businesses with strong cash-flow generation capabilities, sustainable competitive advantages, and shares trading below their intrinsic value. The Berkshire portfolio reflects this logic, with a heavy concentration on established brands and sectors deemed resilient, including consumer technology, financial services, consumer goods, and energy. For decades, the fund has achieved an average annual return exceeding 20% by combining selectivity with long-term holding, underscoring the success of Buffett's strategy.
Major New Positions and Strengthenings
According to available information, the 13F filing does not specify variations from the previous quarter, making it impossible to identify new positions or increases with certainty. However, the filing does indicate the top ten positions as of September 30, 2026, totaling $226.1 billion (75.6% of the reported portfolio). Apple Inc. represents $65.95 billion (22.0% of the portfolio) with 227,917,808 shares, followed by American Express ($51.28 billion, 17.1%) and Alphabet ($37.76 billion, 12.6%). These holdings remain the pillars of the portfolio, suggesting continued confidence from the manager in their growth prospects and ability to generate recurring cash flow.
Cuts and Exits â What Buffett/Manager is Leaving Behind
The 13F filing does not provide details on divestments or sales made during the quarter, preventing identification of exited positions or reductions. Without this information, it's impossible to determine which sectors or companies have been divested. The list of positions does indicate, however, that the remaining 16 positions, outside the top-10, total $26.8 billion (8.9% of the portfolio), but no indication is given regarding their recent evolution.
Limitations of the 13F: What This Filing DOES NOT Say
The 13F form, required by the SEC, only lists long equity positions in U.S. securities valued over $100 million, with a 45-day lag after the end of the quarter. It excludes short positions, options, futures contracts, unlisted securities, and foreign investments. Consequently, the published table does not reflect the entirety of the assets managed by Berkshire, including private equity stakes, bonds, derivatives, or liquidity. Investors should keep in mind that the table only provides a partial view of the fund's overall strategy.
