BERKSHIRE ASSET MANAGEMENT LLC/PA
Long book
$2.33B
Q1 2026
Positions
263
Top-10 weight
30%
concentration
Last quarter
+11.6%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsBERKSHIRE ASSET MANAGEMENT LLC/PA is an institutional manager, running a $2.33B US long book across 263 positions.
The portfolio is moderately concentrated (top 10 ≈ 30% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: JPMORGAN CHASE & CO, ABBVIE INC, CHEVRON CORP, APPLE INC, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.0%
Q2 2024
+7.2%
Q3 2024
-0.8%
Q4 2024
+1.9%
Q1 2025
+5.5%
Q2 2025
+7.1%
Q3 2025
+1.5%
Q4 2025
+1.8%
Q1 2026
+11.6%
Sector allocation
Industrials 19%
Financials 19%
Technology 17%
Healthcare 12%
Consumer discretionary 10%
Energy 7%
Utilities 7%
Consumer staples 6%
Long book by quarter
What does BERKSHIRE ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| JPM JPMORGAN CHASE & CO | Financials | 346.3K | $101.9M | 4.4% | -0.6% |
| ABBV ABBVIE INC | Healthcare | 380.9K | $82.8M | 3.6% | +1.0% |
| CVX CHEVRON CORP | Energy | 393.8K | $81.5M | 3.5% | +0.4% |
| AAPL APPLE INC | Technology | 281.8K | $71.5M | 3.1% | +3.0% |
| MSFT MICROSOFT CORP | Technology | 190.4K | $70.5M | 3.0% | +3.6% |
| CSCO CISCO SYSTEMS INC | Technology | 861.7K | $66.9M | 2.9% | -0.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 249.7K | $61.0M | 2.6% | -0.6% |
| NUE NUCOR CORP | Industrials | 360.1K | $60.9M | 2.6% | +0.4% |
| BAC BANK OF AMERICA CORP | Financials | 1.2M | $57.2M | 2.5% | +0.2% |
| WM WASTE MANAGEMENT INC | Utilities | 238.7K | $54.8M | 2.4% | +1.4% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 250.6K | $52.4M | 2.2% | -0.1% |
| LMT LOCKHEED MARTIN CORP | Industrials | 86.0K | $52.0M | 2.2% | +3.1% |
| DELL DELL TECHNOLOGIES -C | Technology | 311.6K | $51.1M | 2.2% | +0.7% |
| MTB M & T BANK CORP | Financials | 244.3K | $50.5M | 2.2% | +1.4% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 216.0K | $48.8M | 2.1% | +3.9% |
| WMT WALMART INC | Consumer discretionary | 384.2K | $47.8M | 2.0% | -1.7% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 155.7K | $44.7M | 1.9% | -0.8% |
| PPL PPL CORP | Utilities | 1.2M | $44.0M | 1.9% | +1.5% |
| CB CHUBB LTD | Financials | 128.7K | $41.9M | 1.8% | +0.2% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 199.3K | $41.5M | 1.8% | +0.1% |
| EMR EMERSON ELECTRIC CO | Industrials | 316.1K | $41.4M | 1.8% | -0.1% |
| KMI KINDER MORGAN INC | Utilities | 1.2M | $41.0M | 1.8% | +0.4% |
| EOG EOG RESOURCES INC | Energy | 282.6K | $40.9M | 1.8% | +6.4% |
| DE DEERE & CO | Industrials | 72.1K | $40.6M | 1.7% | +0.8% |
| MCD MCDONALD'S CORP | Consumer discretionary | 127.9K | $39.7M | 1.7% | -0.5% |
| QCOM QUALCOMM INC | Technology | 301.1K | $38.8M | 1.7% | +0.5% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 406.7K | $38.2M | 1.6% | +0.3% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 593.9K | $36.0M | 1.5% | +1.9% |
| LOW LOWE'S COS INC | Consumer discretionary | 151.4K | $35.8M | 1.5% | +0.2% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 596.0K | $34.4M | 1.5% | +5.7% |
| PG PROCTER & GAMBLE CO/THE | Other | 231.4K | $33.4M | 1.4% | +2.3% |
| ABT ABBOTT LABORATORIES | Healthcare | 306.7K | $31.5M | 1.4% | +1.9% |
| HSY HERSHEY CO/THE | Consumer staples | 147.3K | $30.6M | 1.3% | +0.8% |
| PEP PEPSICO INC | Consumer staples | 176.9K | $27.5M | 1.2% | +1.6% |
| LEN LENNAR CORP-A | Industrials | 314.5K | $27.3M | 1.2% | +4.0% |
| AOS SMITH (A.O.) CORP | Industrials | 397.4K | $26.2M | 1.1% | +2.2% |
| WFC WELLS FARGO & CO | Financials | 237.1K | $18.9M | 0.8% | -0.1% |
| PHM PULTEGROUP INC | Industrials | 135.0K | $15.9M | 0.7% | -0.8% |
| GIS GENERAL MILLS INC | Consumer staples | 425.6K | $15.8M | 0.7% | +6.5% |
| COP CONOCOPHILLIPS | Energy | 100.6K | $13.3M | 0.6% | -0.5% |
| KO COCA-COLA CO/THE | Consumer staples | 149.2K | $11.3M | 0.5% | +8.8% |
| AMGN AMGEN INC | Healthcare | 26.7K | $9.4M | 0.4% | -1.8% |
| C CITIGROUP INC | Financials | 78.6K | $8.9M | 0.4% | 0.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 42.3K | $8.8M | 0.4% | +13.9% |
| DIS WALT DISNEY CO/THE | Services media | 85.9K | $8.3M | 0.4% | -1.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 16.1K | $7.7M | 0.3% | -6.7% |
| AVGO BROADCOM INC | Technology | 20.8K | $6.4M | 0.3% | -2.1% |
| GE GENERAL ELECTRIC | Industrials | 21.9K | $6.2M | 0.3% | -0.1% |
| GOOGL ALPHABET INC-CL A | Technology | 20.7K | $6.0M | 0.3% | +14.7% |
| GOOG ALPHABET INC-CL C | Technology | 20.2K | $5.8M | 0.2% | -5.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 265 | $2.33B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 262 | $2.28B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 297 | $2.35B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 285 | $2.21B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 282 | $2.09B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 280 | $2.11B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 284 | $1.97B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 288 | $2.01B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 234 | $1.89B | canonical | SEC ↗ |
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