Berkshire Hathaway, led by legendary investor Warren Buffett, has released its Q3 2025 13F filing. The filing shows a portfolio valued at $267.33 billion spread across 42 stocks. Berkshire remains highly concentrated, with its top 10 positions making up 86.69% of the total portfolio.
The firm made selective changes this quarter, reducing stakes in Apple and Bank of America while adding to Alphabet, Chubb, and Sirius XM.
Key Highlights
- Total Portfolio Value: $267.33 billion
- Cash: $381.70 billion
- Total Number of Stocks: 42
- Top 10 Holdings Weight: 86.69%
- Strategy: Long-term, low-turnover, value-driven
Top Holdings (Q3 2025)
1. Apple Inc. (AAPL)
- Shares: 238,212,764
- Market Value: $60.65 billion
- Portfolio Weight: 22.69%
- Action: Trimmed by 41.78 million shares
2. Bank of America (BAC)
- Shares: 568,070,012
- Value: $29.30 billion
- Weight: 10.96%
- Action: Cut by 37.19 million shares
3. American Express (AXP)
- Shares: 151,610,700
- Value: $30.35 billion
- Weight: 18.84%
- Action: No change
4. Coca-Cola (KO)
- Shares: 400,000,000
- Value: $26.52 billion
- Weight: 9.92%
- Action: No change
5. Chevron (CVX)
- Shares: 122,064,792
- Value: $18.96 billion
- Weight: 7.09%
- Action: No change
Other Notable Positions
| Stock | Sector | Market Value | Portfolio Weight | Change |
|---|---|---|---|---|
| OXY | Energy | $12.51B | 4.68% | No change |
| MCO | Finance | $11.75B | 4.40% | No change |
| KHC | Consumer Staples | $8.48B | 3.17% | No change |
| CB | Finance | $8.84B | 3.31% | +4.29M shares |
| CHTR | Communications | $2.90B | 1.09% | No change |
| AMZN | Consumer Discretionary | $2.19B | 0.82% | No change |
| GOOGL | Communications | $4.33B | 1.62% | +17.85M shares |
Biggest Share Additions
- Alphabet (GOOGL): +17.85M shares
- Chubb (CB): +4.29M shares
- Sirius XM (SIRI): +5.03M shares
- Domino’s Pizza (DPZ): +348,077 shares
- Lamar Advertising (LAMR): +32,603 shares
- Lennar (LEN): +1,957 shares
Major Reductions
- Apple (AAPL): –41.78M shares
- Bank of America (BAC): –37.19M shares
- Verisign (VRSN): –4.30M shares
- D.R. Horton (DHI): Fully exited
Sector Breakdown
- Finance & Insurance: AXP, BAC, MCO, CB
- Consumer Staples: KO, KHC, KR, STZ
- Energy: OXY, CVX
- Communications: GOOGL, VRSN, SIRI, CHTR
- Consumer Discretionary: AMZN, DPZ, LSXMA
Conclusion
Berkshire Hathaway’s Q3 2025 portfolio reflects its long-standing strategy of owning high-quality businesses for the long term. While the company trimmed stakes in Apple and Bank of America, it increased exposure to Alphabet, Chubb, and other durable franchises. The portfolio remains stable, concentrated, and focused on businesses with strong cash flows and competitive advantages.
