Berkshire Hathaway — Warren Buffett's Fund Profile & 13F Portfolio
Complete profile of Berkshire Hathaway — Warren Buffett's value investing strategy, current 13F holdings (Apple, Bank of America, Coca-Cola), performance history, and succession plans.
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Berkshire Hathaway — The Oracle of Omaha's Investment Empire
Berkshire Hathaway isn't just a fund — it's an institution. Under Warren Buffett's stewardship since 1965 — and with Greg Abel as CEO since January 2026, Buffett staying on as chairman — the company transformed from a failing textile mill into one of the most valuable conglomerates in history.
Quick Answer
Berkshire Hathaway is the Omaha-based investment empire led by Warren Buffett since 1965, applying a value-investing philosophy of buying wonderful businesses at fair prices and holding them, ideally, forever. Its disclosed 13F portfolio is worth $299.3B across just 29 positions (Q2 2026) and is remarkably concentrated, with the top five (Apple, American Express, Alphabet, Coca-Cola, Bank of America) around 70% of value and Apple alone about 22%. After the 2024-25 selling spree built a record cash pile (peaking at ~$397B in Q1 2026, ~$365B mid-2026), Berkshire turned net buyer in 2026, adding ~$17B of Alphabet in Q2 alone. The handover is complete: Greg Abel is CEO since 1 January 2026, with Todd Combs and Ted Weschler on investments. 13F holdings are public, lagged filings, useful as a signal of institutional positioning, not investment advice.
Key Facts
| Parameter | Value |
|---|---|
| Chairman / CEO | Warren Buffett (chairman) / Greg Abel (CEO since Jan 2026) |
| Investment Style | Value investing |
| 13F Portfolio Value (Q2 2026) | ~$299.3B |
| Number of 13F Positions | 29 |
| Cash & T-bills | ~$365B (30 Jun 2026) |
| Headquarters | Omaha, Nebraska, USA |
| Latest 13F Filing | August 2026 (period 30 June 2026) |
Investment Philosophy
Buffett's approach is deceptively simple:
- Buy wonderful companies at a fair price — not fair companies at a wonderful price
- Stay within your circle of competence — only invest in what you understand
- Think like an owner — Buffett doesn't buy stocks, he buys businesses
- Be patient — "Our favorite holding period is forever"
- Be greedy when others are fearful — contrarian investing at its finest
Savings in one bank, investments in another? See it all in one place — and how many months it could carry you.
See your Freedom Runway — freeTop 13F Holdings (Q2 2026)
Berkshire's portfolio is remarkably concentrated — the top 5 positions account for around 70% of value (SEC EDGAR, filed 14 August 2026):
| Position | Sector | Value | Portfolio Weight |
|---|---|---|---|
| Apple (AAPL) | Technology | $66.0B | ~22% |
| American Express (AXP) | Financials | $51.3B | ~17% |
| Alphabet (GOOGL) | Technology | $37.8B | ~13% |
| Coca-Cola (KO) | Consumer Staples | $32.5B | ~11% |
| Bank of America (BAC) | Financials | $27.5B | ~9% |
The big 2026 story: Berkshire added roughly $17B of Alphabet in Q2 2026 (48.1M shares, to 106.0M), exited Constellation Brands, added Delta Air Lines, and kept trimming Bank of America and Chevron.
Apple — The Biggest Bet
Buffett began buying Apple in 2016, famously saying it was "probably the best business in the world." Despite decades of avoiding tech stocks, Apple became Berkshire's largest position by far. The tech giant's ecosystem, brand loyalty, and massive cash generation aligned perfectly with Buffett's philosophy.
Track Record
- 1965–2025: ~20% compound annual return (vs ~10% for S&P 500)
- $1,000 invested in 1965 would be worth over $35 million today
- 2008 Financial Crisis: Invested $5B in Goldman Sachs at premium terms
- COVID 2020: Sold all airline positions — "I made a mistake"
- 2024-2025: Massive selling spree; cash peaked at a record ~$397B (Q1 2026)
- 2026: Turned net buyer (~$20B in Q2) — the ~$17B Alphabet ramp under new CEO Greg Abel
The Cash Pile
Through 2024-2025, Berkshire aggressively sold stocks (including a significant portion of Apple) and accumulated cash, which peaked at a record ~$397B in Q1 2026. By mid-2026 the pile stood at $365B — still enormous, but shrinking, as Berkshire turned net buyer ($20B of equities in Q2 2026) and resumed buybacks ($4.5B in the quarter). Market observers read the pile as:
- Preparing for a massive acquisition
- Signaling the market is overvalued
- Building a cushion for the succession transition
Succession: Done
The long-planned handover happened: Greg Abel became CEO on 1 January 2026, with Buffett (now 96) remaining chairman. Todd Combs and Ted Weschler continue to manage portions of the equity portfolio — one reason attributing any single 13F trade to "Buffett" personally is increasingly imprecise.
What It Means for Individual Investors
Berkshire's 13F filing is essentially a masterclass in value investing. But keep in mind:
- 45-day delay — 13F reports show positions from 45 days ago
- Not the full picture — private businesses (BNSF, GEICO, See's Candies) aren't in the 13F
- Scale matters — Buffett's moves make sense at billions; your portfolio is different
Track Berkshire's portfolio alongside other legendary funds in real-time with Freenance — the Smart Money feature lets you analyze 13F changes from the world's top investors.
FAQ
How can I track Warren Buffett's portfolio?
Berkshire Hathaway's 13F filings are publicly available on the SEC's EDGAR database. Each quarterly filing reveals US equity positions above $100M. In Freenance, you can browse this data in the Smart Money section.
Should I copy Buffett's portfolio?
Use it as inspiration, not a copy-paste strategy. The 13F is published with a 45-day delay, and Buffett operates at a completely different scale. Understanding his philosophy matters more than mimicking his positions.
Why doesn't Berkshire pay a dividend?
Buffett believes reinvesting profits generates better returns than paying dividends. His 60-year track record supports this — Berkshire's book value has compounded at roughly 20% annually.
How much cash does Berkshire have?
Roughly $365B in cash and T-bills as of 30 June 2026, down from the record ~$397B in Q1 2026 as Berkshire turned net buyer of equities. Many analysts still read the pile as a valuation signal.
Who will replace Warren Buffett?
It already happened: Greg Abel took over as CEO on 1 January 2026, with Buffett staying on as chairman. Todd Combs and Ted Weschler manage growing slices of the investment portfolio.