Warren Buffett's Portfolio: Every Stock Berkshire Hathaway Owns
26 companies, $299 billion, and five names that make up 72% of it. The full list from Berkshire's latest SEC filing, what changed, what the filing hides, and what it means for your own money.
Short answer: The Warren Buffett portfolio of US stocks was worth $299.3 billion on June 30, 20261. It holds 26 companies (29 lines, because three companies appear twice as different share classes)1. The top five are Apple (22.0%), American Express (17.1%), Alphabet (12.6%), Coca-Cola (10.9%) and Bank of America (9.2%)1. Those five alone are 72% of the money. Berkshire also sits on about $365 billion in cash and Treasury bills, which is more than the whole stock list2.
This is the latest list. Berkshire files it with the SEC every quarter on a form called a 13F. A 13F is a report big investors must file, listing the US stocks they own. The next one, for the quarter ending September 30, 2026, is due by Monday, November 16, 2026 (day 45 falls on a Saturday)3. We will update this page when it lands.
One more thing has changed. Warren Buffett is no longer the CEO. Greg Abel took over on January 1, 20264. Buffett stays on as Chairman, "in the office five days a week," as Abel put it in his first letter5. So when people say "Buffett's portfolio" today, they mean Berkshire's portfolio, now run by Abel and his team.
Every stock in the Warren Buffett portfolio (Q2 2026)
Here is the full Berkshire Hathaway holdings list. We built it from our own 13F database and checked every line against Berkshire's filing on sec.gov. The totals match to the dollar: $299,253,556,246 across 29 lines1.
"What changed" compares share counts with the prior quarter (March 31, 2026)6.
| # | Company | Ticker | Value | % of portfolio | What changed last quarter |
|---|---|---|---|---|---|
| 1 | Apple | AAPL | $65.95B | 22.04% | No change |
| 2 | American Express | AXP | $51.28B | 17.14% | No change |
| 3 | Alphabet (two share classes) | GOOGL, GOOG | $37.76B | 12.62% | Bought more: +83% shares |
| 4 | Coca-Cola | KO | $32.51B | 10.86% | No change |
| 5 | Bank of America | BAC | $27.54B | 9.20% | Sold 6% |
| 6 | Chevron | CVX | $13.99B | 4.67% | No change |
| 7 | Occidental Petroleum | OXY | $12.87B | 4.30% | No change |
| 8 | Chubb | CB | $11.67B | 3.90% | No change |
| 9 | Moody's | MCO | $11.17B | 3.73% | No change |
| 10 | Kraft Heinz | KHC | $7.69B | 2.57% | No change |
| 11 | DaVita | DVA | $6.43B | 2.15% | Sold 4% |
| 12 | Delta Air Lines | DAL | $5.37B | 1.79% | Bought more: +44% |
| 13 | Sirius XM | SIRI | $3.69B | 1.23% | No change |
| 14 | VeriSign | VRSN | $2.26B | 0.76% | No change |
| 15 | Kroger | KR | $2.17B | 0.72% | Sold 22% |
| 16 | Liberty Live (two share classes) | LLYVK, LLYVA | $1.62B | 0.54% | No change |
| 17 | Ally Financial | ALLY | $1.24B | 0.41% | Sold 7% |
| 18 | Lennar (two share classes) | LEN, LEN.B | $1.21B | 0.41% | Bought more: +30% |
| 19 | New York Times | NYT | $1.10B | 0.37% | Bought more: +4% |
| 20 | Capital One | COF | $0.60B | 0.20% | Sold 58% |
| 21 | Louisiana-Pacific | LPX | $0.45B | 0.15% | No change |
| 22 | Nucor | NUE | $0.41B | 0.14% | Sold 52% |
| 23 | Macy's | M | $0.17B | 0.06% | Bought more: +142% |
| 24 | NVR | NVR | $0.08B | 0.03% | No change |
| 25 | Jefferies | JEF | $0.02B | 0.01% | No change |
| 26 | D.R. Horton | DHI | $0.6M | under 0.01% | New (3,564 shares) |
| – | Constellation Brands | STZ | $0 | 0% | Sold everything |
Source: value-investor.io 13F database, cross-checked against Berkshire's Form 13F-HR for June 30, 20261 and March 31, 20266. Values are as of June 30, 2026, not today's prices.
Want sortable columns, share counts and five quarters of history? See the full live list on our Berkshire Hathaway fund page.
The five stocks that are 72% of the money
Most people imagine a big investor owns hundreds of stocks. The Warren Buffett portfolio does the opposite. The top five holdings are 71.9% of the 13F list. The top ten are 91.0%1.
Here is each top-five name in one line:
- Apple (22.0%). Still the biggest single bet: 227.9 million shares, untouched last quarter1.
- American Express (17.1%). Berkshire owns 22.5% of the whole company2. That is up from 22.1% at the end of 20255, with the same 151.6 million shares. AmEx shrank its share count; Berkshire's slice grew without buying.
- Alphabet (12.6%). Google's parent. The newest giant. Berkshire went from 57.8 million shares to 106.0 million in one quarter61.
- Coca-Cola (10.9%). Exactly 400 million shares, unchanged last quarter1.
- Bank of America (9.2%). Still big, but shrinking. Berkshire sold another 30.2 million shares last quarter61. We cover the full bank story in why Warren Buffett sells bank stocks.
Berkshire's own 10-Q (its quarterly report to the SEC) names the same top five. It says they were 66% of all its stock investments, including ones the 13F leaves out2.
What Berkshire bought and sold last quarter
The Warren Buffett portfolio rose in value from $263.1 billion to $299.3 billion between March and June 202661. Part of that was rising prices. A big part was one purchase: Alphabet.
Bought:
- Alphabet: the big one. About 48 million more shares across both classes61.
- Delta Air Lines: up from 39.8 million to 57.3 million shares61. That is 8.7% of the airline7.
- Lennar (homebuilder): up 30%1.
- Macy's, New York Times: small adds.
- D.R. Horton (homebuilder): a tiny new stake worth about $580,0001. That is a rounding error for Berkshire, so treat it as noise, not a signal.
Sold:
- Capital One: cut 58%, from 7.15 million to 3.0 million shares61.
- Nucor (steel): cut 52%.
- Kroger: cut 22%, from 50 million to 39 million shares.
- Bank of America, Ally, DaVita: small trims.
- Constellation Brands (Corona beer): fully sold61.
Moves since June 30 (from newer filings)
The 13F is old news by the time it comes out. But Berkshire must report some trades within two business days on a Form 48. That is the form big insiders file when they buy or sell. These show two things since June:
- More Lennar. Berkshire kept buying in September and October. It held 28.4 million Class A shares by October 2, 20269. That is more than double the 13.1 million on June 30. It now owns 12.5% of Lennar's Class A stock10.
- Less DaVita. Small sales continued. The stake was 28.3 million shares after an October 27 sale11.
Add Berkshire's $6.8 billion purchase of homebuilder Taylor Morrison, closed July 24, 20262. Plus Lennar, NVR and D.R. Horton in the 13F. The pattern is clear: Berkshire is building a big bet on American housing.
What the 13F does not show
This is where most "Warren Buffett portfolio" pages stop. They should not. The 13F covers only US-listed stocks. It misses most of what Berkshire actually owns.
Original table: where Berkshire's money really sits
| Bucket | Size | In the 13F? |
|---|---|---|
| US stocks | $299.3B (June 30, 2026)1 | Yes |
| Cash and US Treasury bills | About $365.5B (June 30, 2026)2 | No |
| Five Japanese trading houses | $35.4B (Dec 31, 2025)5 | No |
| Wholly owned companies (BNSF, GEICO, BHE and more) | Not priced by the market | No |
We built this table from three filings. The cash line adds three 10-Q items. Those are the insurance group's cash ($35.1B) and T-bills ($324.9B), plus the railroad and energy group's cash ($5.5B)2.
The cash pile
Treasury bills are short-term loans to the US government. They are about as safe as money gets, and they pay interest. Berkshire holds more cash and T-bills than stocks. Abel wrote that part of this money protects the insurance business. The rest is "dry powder": money waiting for a good deal5.
Some of it is now being spent. Berkshire bought OxyChem, Occidental's chemicals arm, for about $9.4 billion in January 20262. It also bought back $4.8 billion of its own shares in the first half of 20262. Most of that came in the second quarter. Berkshire only buys back stock when its CEO thinks the price is below what the business is worth2.
The Japanese trading houses
Berkshire owns about 10% each of five big Japanese companies. These are giant trading firms that deal in everything from metals to food. Because they trade in Tokyo, they never appear in the US 13F, so most Warren Buffett portfolio trackers leave them out. At the end of 2025 they were worth5:
| Company | % Berkshire owns | Market value (Dec 31, 2025) |
|---|---|---|
| Mitsubishi | 10.8% | $9.21B |
| ITOCHU | 10.1% | $8.89B |
| Mitsui & Co. | 10.4% | $8.79B |
| Marubeni | 9.8% | $4.47B |
| Sumitomo | 9.7% | $4.02B |
| Total | $35.37B |
Abel called them "comparable to our major U.S. holdings in importance"5. Together they are worth more than Berkshire's whole Coca-Cola stake.
The companies Berkshire owns outright
Berkshire also owns whole companies. These are not "stocks" in the portfolio, so the 13F skips them. The biggest:
- BNSF: one of the six major freight railroads in North America. In 2025 it sent $4.4 billion in dividends back to Berkshire5.
- GEICO: the third-largest US car insurer, with about 11.6% of the market4.
- Berkshire Hathaway Energy (BHE): power and gas utilities. It produced $8.4 billion of operating cash flow in 20255.
All told, Berkshire and its companies employed about 387,800 people at the end of 20254. The stock list is only one piece of the machine.
What the Warren Buffett portfolio tells a regular investor
Here is our verdict. The Warren Buffett portfolio is not a shopping list. It is a lesson in behavior. Four lessons stand out:
- Own a few things you understand. Five companies are 72% of the stock list. Berkshire does not spread thin. Abel wrote that "this concentrated approach will continue"5.
- Hold for a long time. Apple, American Express and Coca-Cola did not change by a single share last quarter61. Low trading means low taxes and low fees.
- Cash is a choice, not a failure. Holding more cash than stocks says Berkshire finds few bargains at today's prices. It does not mean a crash is coming.
- Big changes are rare and slow. The Alphabet buy and the housing bet happened over many months. You have time to think.
What this means for you
- Do not copy the 13F trade by trade. It comes out up to 45 days after the quarter ends3. By the time you read it, prices have moved.
- Small positions are often noise. A $580,000 stake in a $299 billion portfolio tells you nothing. Watch the big dollar moves, like Alphabet.
- The simplest way to own the whole Warren Buffett portfolio is to buy Berkshire stock (BRK.B). One share gets you the stocks, the cash, the Japanese stakes and the railroad, all at once.
- If you want a Buffett-style stock of your own, check the price first. A great company bought at a silly price is a bad investment. Our undervalued stocks list shows US companies trading below our fair-value estimate.
Questions
What stocks does Warren Buffett own?
Berkshire Hathaway owns 26 US companies, per its 13F for June 30, 20261. The biggest are Apple, American Express, Alphabet, Coca-Cola and Bank of America. It also owns about 10% each of five Japanese trading houses5, plus whole companies like BNSF and GEICO.
How much is Warren Buffett's portfolio worth?
The Warren Buffett portfolio of US stocks was worth $299.3 billion on June 30, 20261. Berkshire also held about $365.5 billion in cash and Treasury bills at the same date2.
Is Warren Buffett still running Berkshire Hathaway?
No. Greg Abel became CEO on January 1, 2026, and is responsible for major investment decisions4. Buffett remains Chairman5.
When is the next update on Berkshire Hathaway holdings?
The 13F for September 30, 2026 is due by Monday, November 16, 2026. We will update the table on this page when it is filed. Our fund page updates automatically.
Why does Berkshire hold so much cash?
Part of it backs the insurance business, which must be able to pay big claims. The rest is "dry powder" for deals when prices make sense5. Berkshire will not let cash and T-bills drop below $30 billion2.
Should I just buy what Buffett buys?
Not blindly. The filing is weeks old, and Buffett-style investors buy at a price, not just a name. Check whether a stock is cheap today before you buy. Or buy Berkshire itself and get the whole package.
Related reading
For why banks keep shrinking inside the Warren Buffett portfolio, read why Warren Buffett sells bank stocks. To learn the price check Buffett uses before buying, see the margin of safety formula and what is intrinsic value. For the "moat" idea behind Coca-Cola and American Express, see economic moat. To find cheap stocks yourself, browse our undervalued stocks list.
Berkshire Hathaway Inc., Form 13F-HR for the quarter ended June 30, 2026, filed with the SEC on August 14, 2026. Table value total $299,253,556,246 across 89 entries and 29 distinct securities (CUSIPs). Alphabet (Class A and Class C), Lennar (Class A and Class B) and Liberty Live (two series) appear as two securities each, giving 26 companies. All values, weights and share counts in the holdings table come from this filing, as mirrored in the value-investor.io 13F database (live list); the two matched line by line. ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩
Berkshire Hathaway Inc., Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 10, 2026. Balance sheet: Insurance and Other cash and cash equivalents $35,096M and short-term US Treasury Bills $324,905M; Railroad, Utilities and Energy cash $5,513M (sum $365.5B, our calculation; the 10-Q's MD&A gives $359.2B for insurance and other, net of payables). Equity securities $323,779M. American Express stake 22.5%. Five largest holdings (Alphabet, American Express, Apple, Bank of America, Coca-Cola) at 66% of equity securities. OxyChem acquired January 2, 2026 for about $9.4B; Taylor Morrison acquired July 24, 2026 for about $6.8B. Treasury stock acquired: $4.8B in the first six months of 2026. Buyback floor of $30B in cash, cash equivalents and T-bills. ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩
U.S. Securities and Exchange Commission, Frequently Asked Questions About Form 13F. Form 13F is due within 45 days after the end of each calendar quarter; for the quarter ended September 30, 2026 that is November 14, 2026. ↩ ↩
Berkshire Hathaway Inc., Form 10-K for the year ended December 31, 2025, filed with the SEC on March 2, 2026. Risk factors: "In May 2025, Berkshire's Board of Directors appointed Mr. Gregory E. Abel to succeed Mr. Warren E. Buffett as Chief Executive Officer effective January 1, 2026. Major capital allocation and investment decisions are the responsibility of Mr. Abel." GEICO market share of about 11.6% (A.M. Best 2024 data). About 387,800 employees at year-end 2025. ↩ ↩ ↩ ↩
Gregory E. Abel, Berkshire Hathaway 2025 letter to shareholders, February 28, 2026. Japanese trading-house stakes and market values at December 31, 2025 (total $35,368M); BNSF dividends of $4.4B to Berkshire in 2025; BHE operating cash flow of $8.4B in 2025; quotes on concentration, "dry powder" and Buffett's role as Chairman. ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩
Berkshire Hathaway Inc., Form 13F-HR for the quarter ended March 31, 2026, filed with the SEC on May 15, 2026. Table value total $263,095,703,570 across 29 securities. Prior-quarter share counts used for "what changed": Alphabet 54,249,798 Class A + 3,585,215 Class C; Bank of America 513,624,165; Delta 39,809,456; Capital One 7,150,000; Kroger 50,000,000; Lennar Class A 10,099,642; Constellation Brands 632,890. ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩ ↩
Berkshire Hathaway Inc. and Warren E. Buffett, Schedule 13G for Delta Air Lines, filed August 14, 2026, reporting 8.7% of Delta's common stock as of June 30, 2026. ↩
U.S. Securities and Exchange Commission, Forms 3, 4, 5 (investor guide): "Form 4 must be filed within two business days following the transaction date." Berkshire files Form 4s because it owns more than 10% of certain companies. ↩
Berkshire Hathaway Inc., Form 4 for Lennar Corporation, filed October 5, 2026. Purchases on October 1-2, 2026; Class A shares held after the last reported trade: 28,438,045. Earlier Form 4 filings in September 2026 show the buying run that started September 17. ↩
Berkshire Hathaway Inc. and Warren E. Buffett, Schedule 13G/A for Lennar Corporation, filed October 7, 2026, reporting 26,034,436 Class A shares (12.5% of the class) as of September 30, 2026. ↩
Berkshire Hathaway Inc., Form 4 for DaVita Inc., filed October 29, 2026. Sale of 382,563 shares on October 27, 2026; 28,314,666 shares held afterward. ↩
