What stocks does Berkshire Hathaway own?

Twenty-nine holdings, about $299bn, and five companies accounting for roughly 72% of it. Here is the current list, what changed in Greg Abel's second quarter in charge, and why the concentration matters more than the names.

By Nathan Wickham-Hurd · Founder, Oak Growth · First-class Economics & Finance, MBA · Last reviewed September 2026

The short answer

As of its most recent filing with the US regulator, covering the three months to the end of June 2026, Berkshire Hathaway held 29 stocks worth about $299bn. Apple is the largest at roughly 22% of the portfolio, followed by American Express at 17.1%, Coca-Cola at 10.9%, Alphabet at 9.4% and Bank of America at 9.2%. Counting both Alphabet share classes together, the five largest positions are about 72% of the whole portfolio.

Where these figures come from. Institutional managers of a certain size must file a Form 13F with the SEC within 45 days of each quarter end, listing US-listed equity holdings. The numbers below are from Berkshire's filing for the quarter ended 30 June 2026. A 13F is a snapshot at quarter end, published weeks later, and it excludes foreign-listed holdings, bonds and the wholly-owned operating businesses — which for Berkshire is a very large omission.

The top ten

Apple — 22.0%. Still the largest position by a wide margin, and still the single biggest determinant of the portfolio's quarterly moves.

American Express — 17.1%. Held since the 1990s. Berkshire has never trimmed it meaningfully.

Coca-Cola — 10.9%. The oldest of the core holdings and the standard example of the buy-and-never-sell approach.

Alphabet Class A — 9.4%, with a further 3.2% in Class C. Berkshire added to Alphabet during the quarter, one of the few positions it increased.

Bank of America — 9.2%. Trimmed during the quarter, continuing a pattern of gradual reduction.

Chevron 4.7%, Occidental Petroleum 4.3%, Chubb 3.9%, Moody's 3.7%. The energy pair together are around 9% — a meaningful commodity exposure that is easy to miss when the conversation is about Apple.

What changed in the quarter

Not much, and that is the point. Only 6% of the portfolio changed hands. Every one of the ten largest positions was left untouched, and the portfolio's 13.7% increase in value came from prices rising rather than from buying and selling.

The activity that did happen was at the edges. Berkshire increased its stakes in Alphabet, Delta Air Lines, Lennar, Macy's and the New York Times. It trimmed Bank of America, DaVita, Kroger, Ally Financial and Capital One, in most cases harvesting gains. It opened a token position in D.R. Horton of about $580,000 — small enough that it reads as a placeholder rather than a thesis. And it exited Constellation Brands entirely.

The concentration is the lesson, not the list

Five companies account for roughly 72% of a $299bn portfolio. That is the opposite of what most retail investors are told to do, and it is deliberate. The reasoning is that genuine conviction is rare: if you have done enough work to be confident about a business, spreading the money thinly across fifty others dilutes the conclusion you actually reached.

Two caveats worth holding onto. First, this concentration sits on top of a vast collection of wholly-owned operating businesses — insurance, railways, energy, manufacturing — that never appear in the 13F. The equity portfolio is concentrated; Berkshire as a whole is not. Second, that concentration took decades to build at prices nobody can access now. Copying the list is not the same as copying the method.

What to do with this

Following a 13F into the market has an obvious problem: the filing is up to 45 days old when you read it, and Berkshire has been holding these names for years or decades. You are seeing the destination, not the entry price. The more useful exercise is to ask why each of these businesses qualified in the first place, then apply the same test to companies trading at prices you can actually get.

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Common questions

What is Berkshire Hathaway's biggest holding?

Apple, at roughly 22% of the equity portfolio as of the second-quarter 2026 filing. It has been the largest position for several years and remains the biggest single influence on the portfolio's quarterly performance.

How many stocks does Berkshire Hathaway own?

29 disclosed US-listed equity holdings as of 30 June 2026, worth about $299bn in total. That figure excludes foreign-listed holdings, bonds, cash and the wholly-owned operating businesses such as BNSF and Berkshire Hathaway Energy.

Did Greg Abel change the portfolio after taking over?

Barely. Turnover in the second quarter of 2026 was 6% and all ten largest positions were unchanged. He increased Alphabet, Delta, Lennar, Macy's and the New York Times, trimmed Bank of America and four others, and exited Constellation Brands.

Should I buy the same stocks Berkshire owns?

A 13F filing is published up to 45 days after the quarter ends, and most of these positions were built years or decades ago at prices no longer available. It tells you what a portfolio holds, not what it paid or why. Understanding the selection criteria is more transferable than copying the list.

Also see: Is Buffett still running Berkshire? → · How many stocks should you own? → · Warren Buffett's investment strategy →