Learn · Last updated September 8, 2026
Berkshire Hathaway 13F Portfolio: Q2 2026 Holdings and Changes
Berkshire Hathaway's 13F reports the U.S. equity portfolio directed by Warren Buffett with investment managers Todd Combs and Ted Weschler. It is the most-watched filing in the world and the archetype of a concentrated, long-holding conviction book: positions here are often held for a decade or more.
As of Q2 2026, the portfolio held $299.3B across 29 positions. The filing shows minimal turnover and a handful of strategic adjustments to existing stakes.
Top holdings (Q2 2026)
| Issuer | Value | Shares | % of portfolio |
|---|---|---|---|
| Apple Inc | $66.0B | 227,917,808 | 22% |
| American Express Co | $51.3B | 151,610,700 | 17.1% |
| Coca Cola Co | $32.5B | 400,000,000 | 10.9% |
| Alphabet Inc | $28.2B | 78,791,167 | 9.4% |
| Bank Of Amer Corp | $27.5B | 483,394,015 | 9.2% |
| Chevron Corporation | $14.0B | 84,375,856 | 4.7% |
| Occidental Pete Corp | $12.9B | 264,941,431 | 4.3% |
| Chubb Limited | $11.7B | 34,249,183 | 3.9% |
| Moodys Corp | $11.2B | 24,669,778 | 3.7% |
| Alphabet Inc | $9.6B | 27,188,433 | 3.2% |
Berkshire Hathaway on Whale's Nest
Full filing history, every position change, and AI summaries. Free.
What changed in Q2 2026
Berkshire opened 1 new position, exited 1, increased 7 existing stakes, and trimmed 6.
New: D R Horton Inc appeared as a minor holding at $0.6M across 3,564 shares.
Exited: Constellation Brands Inc was sold completely; the position had been $94.9M in 632,890 shares last quarter.
Increased: The largest additions by share count were concentrated in Alphabet. The Class C stake grew by 658.3%, from 3,585,215 shares to 27,188,433. The Class A position rose 45.2%, from 54,249,798 shares to 78,791,167. Delta Air Lines Inc also saw a meaningful increase of 44%, from 39,809,456 shares to 57,320,000. Smaller builds included Macys Inc (up 141.8% to 7,347,426 shares), Lennar Corp (up 29.8% to 13,111,741 shares), and New York Times Co Mtn Be (up 3.7% to 15,700,000 shares).
Trimmed: Capital One Finl Corp saw the largest percentage reduction, down 58% from 7,150,000 shares to 3,000,000. Nucor Corp fell 52.5%, from 3,907,075 shares to 1,857,752. Kroger Co was reduced by 22%, from 50,000,000 shares to 39,000,000. Bank Of Amer Corp dropped 5.9% to 483,394,015 shares. Smaller cuts hit Ally Finl Inc (down 6.9%) and Davita Inc (down 4.1%).
The shape of the portfolio
The top 10 holdings account for 88.5% of disclosed equity value. This is extreme concentration, even by the standards of a focused manager. The filing is dominated by a handful of long-duration positions: Apple, American Express, and Coca Cola Co alone make up half the portfolio. Berkshire's 13F is not a catalogue of ideas; it is a tight roster of multi-decade commitments with occasional small adjustments at the margin.
How to read Berkshire's 13F
13F filings land 45 days after quarter-end. The Q2 2026 report shows holdings as of 2026-06-30; the world has moved on. Changes visible here may already be reversed or extended. For context on the lag, see are 13F filings useless after 45 days.
The filing excludes non-U.S. equities, cash, fixed income, and privately held securities. Berkshire's operating subsidiaries (the insurance companies, BNSF, Berkshire Hathaway Energy) do not appear. The 13F captures only publicly traded U.S. stock positions; the full picture is much larger. For a comprehensive view of the gaps, see what 13F filings don't show.
Given the portfolio's low turnover and multi-year holding periods, quarterly changes are typically incremental. Most quarters show position sizing rather than new thesis construction. For more on interpreting the format, see how to read a 13F filing.
FAQ
What is Berkshire Hathaway's biggest holding?
Apple Inc at $66.0B and 227,917,808 shares, representing 22% of the disclosed portfolio.
What was the most notable change this quarter?
The Alphabet Inc Class C position expanded by 658.3%, from 3,585,215 shares to 27,188,433 shares, now worth $9.6B.
How many positions does Berkshire Hathaway hold?
29 disclosed U.S. equity positions as of Q2 2026.
Data from the Q2 2026 Form 13F filed with the SEC. Methodology at /learn/how-we-source-13f-data. Nothing here is investment advice.
