Berkshire Hathaway Inc

Value conviction ★Highest signal CIK 1067983
League rank
#9
in Value conviction · #2608 overall
Long book
$263.10B
Q1 2026
Positions
29
Top-10 weight
91%
concentration
Last quarter
+13.0%
SPY +14.8%
Turnover
42%
of book per quarter

Strategy in plain words

auto-generated from filings

Berkshire Hathaway Inc is a high-conviction value investor, running a $263.10B US long book across 29 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: APPLE INC, AMERICAN EXPRESS CO, COCA-COLA CO/THE, BANK OF AMERICA CORP, CHEVRON CORP.

Over the last 9 quarters its long book ran on average 0.4pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+10.1%
Q2 2024
+7.6%
Q3 2024
+3.1%
Q4 2024
-1.9%
Q1 2025
+0.7%
Q2 2025
+7.5%
Q3 2025
+5.0%
Q4 2025
-0.9%
Q1 2026
+13.0%

Sector allocation

Financials
32%
Technology
29%
Consumer staples
14%
Energy
13%
Services media
5%
Healthcare
2%
Industrials
2%
Consumer discretionary
1%

Long book by quarter

$331.68B
Q1 2024
$279.97B
Q2 2024
$266.38B
Q3 2024
$267.18B
Q4 2024
$259.81B
Q1 2025
$257.52B
Q2 2025
$267.33B
Q3 2025
$274.16B
Q4 2025
$263.10B
Q1 2026

What does Berkshire Hathaway own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology227.9M$57.84B22.0%Held
AXP AMERICAN EXPRESS COFinancials151.6M$45.86B17.4%Held
KO COCA-COLA CO/THEConsumer staples400.0M$30.42B11.6%Held
BAC BANK OF AMERICA CORPFinancials513.6M$25.04B9.5%-0.7%
CVX CHEVRON CORPEnergy84.4M$17.46B6.6%-35.2%
OXY OCCIDENTAL PETROLEUM CORPEnergy264.9M$17.22B6.5%Held
GOOGL ALPHABET INC-CL ATechnology54.2M$15.60B5.9%+204.0%
CB CHUBB LTDFinancials34.2M$11.16B4.2%Held
MCO MOODY'S CORPServices media24.7M$10.76B4.1%Held
KHC KRAFT HEINZ CO/THEConsumer staples325.6M$7.32B2.8%Held
DVA DAVITA INCHealthcare30.1M$4.63B1.8%-5.2%
KR KROGER COConsumer discretionary50.0M$3.62B1.4%Held
SIRI SIRIUS XM HOLDINGS INCCommunications124.8M$2.88B1.1%Held
DAL DELTA AIR LINES INCIndustrials39.8M$2.65B1.0%New
VRSN VERISIGN INCTechnology9.0M$2.23B0.8%Held
COF CAPITAL ONE FINANCIAL CORPFinancials7.2M$1.30B0.5%Held
NYT NEW YORK TIMES CO-AOther15.1M$1.27B0.5%+199.0%
ALLY ALLY FINANCIAL INCFinancials29.0M$1.14B0.4%Held
GOOG ALPHABET INC-CL CTechnology3.6M$1.03B0.4%New
LLYVK LIBERTY LIVE HOLDINGS-CServices media10.6M$996.4M0.4%-3.0%
LEN LENNAR CORP-AIndustrials10.1M$877.1M0.3%+43.2%
NUE NUCOR CORPIndustrials3.9M$660.7M0.3%-39.0%
LLYVA LIBERTY LIVE HOLDINGS-AServices media5.0M$457.0M0.2%Held
LPX LOUISIANA-PACIFIC CORPOther5.7M$412.1M0.2%Held
STZ CONSTELLATION BRANDS INC-AConsumer staples632.9K$94.9M0.0%-95.1%
NVR NVR INCIndustrials11.1K$73.2M0.0%Held
M MACY'S INCConsumer discretionary3.0M$55.0M0.0%New
LEN/B LENNAR CORP - B SHSIndustrials237.7K$20.0M0.0%+31.3%
JEF JEFFERIES FINANCIAL GROUP INFinancials433.6K$17.9M0.0%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202690$263.10B canonicalSEC ↗
Q4 202513F-HRFeb 17, 2026110$274.16B canonicalSEC ↗
Q3 202513F-HRNov 14, 2025115$267.33B canonicalSEC ↗
Q2 202513F-HRAug 14, 2025114$257.52B canonicalSEC ↗
Q1 202513F-HR/ANEW HOLDINGSAug 14, 20254$1.11B canonicalSEC ↗
Q1 202513F-HRMay 15, 2025110$258.70Bconfidential canonicalSEC ↗
Q4 202413F-HRFeb 14, 2025112$267.18B canonicalSEC ↗
Q3 202413F-HRNov 14, 2024121$266.38B canonicalSEC ↗
Q2 202413F-HRAug 14, 2024129$279.97B canonicalSEC ↗
Q1 202413F-HRMay 15, 2024133$331.68B canonicalSEC ↗