Berkshire Hathaway Holds $299.3 Billion Across 26 Positions in Q3 2026
Under Warren Buffett’s leadership, Berkshire Hathaway reported a portfolio of $299.3 billion at the end of Q3 2026, spread across 26 equity positions. Apple, American Express, and Alphabet alone account for over 50% of the total value.
Berkshire Hathaway, the conglomerate led by Warren Buffett, reported a marketable portfolio of $299.3 billion at the end of Q3 2026, consisting of 26 distinct positions.
Warren Buffett's Investment Philosophy at Berkshire Hathaway
Warren Buffett employs a "value investing" approach, focusing on acquiring companies with sustainable competitive advantages and the ability to generate stable cash flows. This strategy relies on in-depth fundamental analysis, seeking safety margins and long-term holding.
For over six decades, the fund has delivered returns exceeding market averages through rigorous selection and patient management. Buffett historically favors sectors with strong brand loyalty, customer retention, and resilience to economic cycles, including consumer staples, financial services, and traditional energy.
The investment style is characterized by low portfolio turnover, concentrated exposure to the most attractive stocks, and a preference for avoiding complex derivatives. This discipline enhances transparency in regulatory filings, such as Form 13F.
Key New Positions and Strengths
The Form 13F filing reveals that the largest position is Apple Inc., valued at $65.95 billion (22.0% of the portfolio), with 227,917,808 shares held. This reflects Buffett's confidence in Apple's ability to maintain high margins through its integrated ecosystem.
American Express Co. ranks second at $51.28 billion (17.1% of the portfolio), representing 151,610,700 shares. The manager appreciates the brand strength and transaction fee business model.
Alphabet Inc. holds third place, valued at $37.76 billion (12.6% of the portfolio), with 105,979,600 shares. The presence in technology demonstrates prudent diversification into online search and advertising services.
Coca-Cola Co. is held at $32.51 billion (10.9% of the portfolio), with 400,000,000 shares. This reflects Buffett's focus on durable consumer brands and consistent cash flow generation.
Bank of America Corp. represents $27.54 billion (9.2% of the portfolio), with 483,394,015 shares. This position highlights the fund's interest in financial institutions poised to benefit from credit recovery and rising interest rates.
Chevron Corporation and Occidental Petroleum Corp. are valued at $13.99 billion (4.7%) and $12.87 billion (4.3%), respectively. Together, these positions total $26.86 billion, reflecting exposure to traditional hydrocarbons, a sector Buffett views as resilient despite energy transition.
Chubb Limited, Moody’s Corp., and Kraft Heinz Co. round out the top 10 with respective values of $11.67 billion (3.9%), $11.17 billion (3.7%), and $7.69 billion (2.6%). These positions reinforce the fund's presence in insurance, credit rating services, and packaged food products.
The remaining 16 undetailed positions total $26.8 billion (approximately 9% of the portfolio). They span various sectors, but no additional information is provided in the filing.
Cuts and Exits – What Buffett/Legendre Abandoned
The Form 13F does not explicitly mention divestments during the quarter. Without comparing to the previous filing, it's impossible to identify reduced or liquidated positions. The document only reflects holdings on the last day of the quarter, limiting exit analysis.
Limitations of the 13F: What This Filing DOES NOT Say
The Form 13F must be filed within 45 days after the quarter's end, meaning the data reflects the quarter-end status but may be outdated at publication. The filing only lists long positions, excluding short sales, options, futures, and foreign holdings. Additionally, indirect stakes through mutual funds or investment vehicles are not detailed.
