Berkshire Hathaway Holds $299.3B in Securities in Q3 2026, Apple Leading

Berkshire Hathaway, the conglomerate led by Warren Buffett, filed its 13F form with the SEC for the third quarter of 2026. The total value of listed securities amounts to $299.3 billion, spread across 26 positions. The portfolio remains dominated by Apple, which represents 22.0% of the total, followed by American Express (17.1%) and Alphabet (12.6%). These figures reflect holdings as of the last day of the quarter.

Berkshire Hathaway: Warren Buffett's Investment Philosophy

Warren Buffett, at the helm of Berkshire Hathaway since 1965, is one of the world's most renowned investors. His philosophy centers on value investing: he seeks high-quality businesses with sustainable competitive advantages, capable management, and reasonable pricing. This approach favors defensive sectors such as consumer goods, finance, and energy. The current portfolio reflects this strategy: Coca-Cola, American Express, Bank of America, and Chevron are well-established companies with predictable cash flows. Buffett often holds these stocks for decades, as evidenced by his stake in Coca-Cola, purchased in 1988.

Key New Positions and Strengthens

The 13F filing indicates that Berkshire Hathaway increased its position in Alphabet, now third largest with $37.76 billion (12.6% of the portfolio). The number of shares held is 105,979,600. This increase suggests growing confidence in the technology giant, whose advertising and cloud businesses generate massive revenues. Among other significant positions, there's an increase in Occidental Petroleum, valued at $12.87 billion (4.3% of the portfolio), with 264,941,431 shares. Buffett has historically shown interest in the energy sector, and Occidental is a company he has financially supported. The portfolio also includes stable positions in Chubb Limited ($11.67 billion) and Moody's ($11.17 billion), which have not been significantly modified according to available data.

Cuts and Exits - What Buffett is Leaving Behind

The filing does not provide explicit details on sales, but comparing with previous quarters would be necessary to identify reductions. However, the current portfolio shows that Berkshire Hathaway has reduced its reliance on Apple, which previously represented a larger share. Indeed, while Apple remains the largest position at $65.95 billion, its stake now stands at 22.0%, which could indicate sales or relative underperformance. Similarly, the position in Bank of America has been reduced to $27.54 billion (9.2% of the portfolio), down from higher levels in the past. These moves might reflect profit-taking or reallocation to other assets, but the 13F data does not reveal Buffett's intentions.

Limitations of the 13F: What This Filing Doesn't Say

The 13F filing is a mandatory report for institutional investors managing over $100 million. It must be filed within 45 days after the end of the quarter, meaning the data is several weeks old. Additionally, it only covers long equity positions in the United States (and certain options). Short positions, international investments outside the U.S., and transactions in options are not included. Therefore, this document provides only a partial view of Berkshire Hathaway's strategy. For a comprehensive analysis, one would need to consult annual reports and Buffett's statements, which provide more detailed information on