Warren Buffett
Berkshire Hathaway
2026Q1 brief
Berkshire Hathaway's $263.1B equity book underwent its most dramatic reshaping in years, with Buffett exiting six positions—V (1.1%), MA (0.8%), UNH (0.6%), DPZ (0.5%), AON (0.5%), and POOL (0.3%)—while tripling down on GOOGL, which surged to 5.9% of the portfolio (+204% in share count) and now sits as the #7 holding. The simultaneous addition of GOOG (0.4%) as a new position confirms a decisive, concentrated bet on Alphabet that adds roughly $15B in combined exposure. The payment-network exits (V and MA together were ~$5B) are striking given Berkshire's historical affinity for toll-road businesses, possibly signaling valuation discipline or a preference for Alphabet's broader moat. New stakes in DAL (1.0%) revisit airline territory Buffett famously fled in 2020, while a small M (0.02%) position is more curiosity than thesis. CVX was trimmed 35% and STZ nearly eliminated, reducing consumer staples/energy drift. Watch the next filing to see whether the Alphabet position continues to grow toward a top-three weight and whether the airline re-entry into DAL gets meaningfully sized up.
AI-generated. Not investment advice.
Holdings (29) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | AAPL | 22.0% | $57.84B | |||
| 2 | AXP | 17.4% | $45.86B | |||
| 3 | KO | 11.6% | $30.42B | |||
| 4 | BAC | 9.5% | $25.04B | |||
| 5 | CVX | 6.6% | $17.46B | |||
| 6 | OXY | 6.5% | $17.22B | |||
| 7 | GOOGL | 5.9% | $15.60B | |||
| 8 | CB | 4.2% | $11.16B | |||
| 9 | MCO | 4.1% | $10.76B | |||
| 10 | KHC | 2.8% | $7.32B | |||
| 11 | DVA | 1.8% | $4.63B | |||
| 12 | KR | 1.4% | $3.62B | |||
| 13 | SIRI | 1.1% | $2.88B | |||
| 14 | DAL | 1.0% | $2.65B | |||
| 15 | VRSN | 0.8% | $2.23B | |||
| 16 | COF | 0.5% | $1.30B | |||
| 17 | NYT | 0.5% | $1.27B | |||
| 18 | ALLY | 0.4% | $1.14B | |||
| 19 | GOOG | 0.4% | $1.03B | |||
| 20 | LLYVK | 0.4% | $996M | |||
| 21 | LEN | 0.3% | $877M | |||
| 22 | NUE | 0.3% | $661M | |||
| 23 | LLYVA | 0.2% | $457M | |||
| 24 | LPX | 0.2% | $412M | |||
| 25 | STZ | <0.1% | $95M | |||
| 26 | NVR | <0.1% | $73M | |||
| 27 | M | <0.1% | $55M | |||
| 28 | LEN/B | <0.1% | $20M | |||
| 29 | JEF | <0.1% | $18M |
- 1AAPL22.0%$57.84BApple Incthis Q hold·40q
- 2AXP17.4%$45.86BAmerican Express COthis Q hold·40q
- 3KO11.6%$30.42BCoca-cola Co/thethis Q hold·40q
- 4BAC9.5%$25.04BBank OF America Corpthis Q hold·35q
- 5CVX6.6%$17.46BChevron Corpthis Q -35%·23q
- 6OXY6.5%$17.22BOccidental Petroleum Corpthis Q hold·20q
- 7GOOGL5.9%$15.60BAlphabet Inc-cl Athis Q +204%·3q
- 8CB4.2%$11.16BChubb Ltd Switzthis Q hold·11q
- 9MCO4.1%$10.76BMoody's Corpthis Q hold·40q
- 10KHC2.8%$7.32BKraft Heinz Co/thethis Q hold·40q
- 11DVA1.8%$4.63BDavita Incthis Q hold·40q
- 12KR1.4%$3.62BKroger COthis Q hold·26q
- 13SIRI1.1%$2.88BSirius XM Holdings Incthis Q hold·7q
- 14DAL1.0%$2.65BDelta Air Lines Incthis Q New·16q
- 15VRSN0.8%$2.23BVerisign Incthis Q hold·40q
- 16COF0.5%$1.30BCapital One Financial Corpthis Q hold·13q
- 17NYT0.5%$1.27BNew York Times Co-athis Q +199%·2q
- 18ALLY0.4%$1.14BAlly Financial Incthis Q hold·17q
- 19GOOG0.4%$1.03BAlphabet Inc-cl Cthis Q New·—1q
- 20LLYVK0.4%$996MLiberty Live Holdings-cthis Q hold·2q
- 21LEN0.3%$877MLennar Corp-athis Q +43%·5q
- 22NUE0.3%$661MNucor Corpthis Q -39%·5q
- 23LLYVA0.2%$457MLiberty Live Holdings-athis Q hold·2q
- 24LPX0.2%$412MLouisiana-pacific Corpthis Q hold·15q
- 25STZ<0.1%$95MConstellation Brands Inc-athis Q -95%·6q
- 26NVR<0.1%$73MNvr Incthis Q hold·12q
- 27M<0.1%$55MMacy's Incthis Q New·—1q
- 28LEN/B<0.1%$20MLennar Corp - B Shsthis Q +31%·12q
- 29JEF<0.1%$18MJefferies Financial Group INthis Q hold·15q
All activity (2026Q1)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| CVX | Chevron Corp | TRIM | 6.6% | -35% | $17.46B |
| GOOGL | Alphabet Inc-cl A | ADD | 5.9% | +204% | $15.60B |
| V | Visa Inc-class A Shares | EXIT | 1.1% | -100% | $0 |
| DAL | Delta Air Lines Inc | NEW | 1.0% | +100% | $2.65B |
| MA | Mastercard Inc - A | EXIT | 0.8% | -100% | $0 |
| STZ | Constellation Brands Inc-a | TRIM | <0.1% | -95% | $95M |
| UNH | Unitedhealth Group Inc | EXIT | 0.6% | -100% | $0 |
| DPZ | Domino's Pizza Inc | EXIT | 0.5% | -100% | $0 |
| NYT | New York Times Co-a | ADD | 0.5% | +199% | $1.27B |
| AON | Aon Plc | EXIT | 0.5% | -100% | $0 |
| GOOG | Alphabet Inc-cl C | NEW | 0.4% | +100% | $1.03B |
| NUE | Nucor Corp | TRIM | 0.3% | -39% | $661M |
| LEN | Lennar Corp-a | ADD | 0.3% | +43% | $877M |
| POOL | Pool Corp | EXIT | 0.3% | -100% | $0 |
| AMZN | Amazon.com Inc | EXIT | 0.2% | -100% | $0 |
| HEI/A | Heico Corp-class A | EXIT | 0.1% | -100% | $0 |
| FWONK | Liberty Media Corp-formula-c | EXIT | 0.1% | -100% | $0 |
| CHTR | Charter Communications Inc-a | EXIT | 0.1% | -100% | $0 |
| LAMR | Lamar Advertising Co-a | EXIT | 0.1% | -100% | $0 |
| G0176J109 | Allegion Plc | EXIT | <0.1% | -100% | $0 |
| M | Macy's Inc | NEW | <0.1% | +100% | $55M |
| LEN/B | Lennar Corp - B Shs | ADD | <0.1% | +31% | $20M |
| DEO | Diageo Plc-sponsored Adr | EXIT | <0.1% | -100% | $0 |
| G9001E102 | Liberty Latin America Ltd | EXIT | <0.1% | -100% | $0 |
| G9001E128 | Liberty Latin America Ltd | EXIT | <0.1% | -100% | $0 |
| BATRK | Atlanta Braves Holdings In-c | EXIT | <0.1% | -100% | $0 |
- TRIMCVX6.6%Chevron CorpΔ -35%·$17.46B
- ADDGOOGL5.9%Alphabet Inc-cl AΔ +204%·$15.60B
- EXITV1.1%Visa Inc-class A SharesΔ -100%·$0
- NEWDAL1.0%Delta Air Lines IncΔ +100%·$2.65B
- EXITMA0.8%Mastercard Inc - AΔ -100%·$0
- TRIMSTZ<0.1%Constellation Brands Inc-aΔ -95%·$95M
- EXITUNH0.6%Unitedhealth Group IncΔ -100%·$0
- EXITDPZ0.5%Domino's Pizza IncΔ -100%·$0
- ADDNYT0.5%New York Times Co-aΔ +199%·$1.27B
- EXITAON0.5%Aon PlcΔ -100%·$0
- NEWGOOG0.4%Alphabet Inc-cl CΔ +100%·$1.03B
- TRIMNUE0.3%Nucor CorpΔ -39%·$661M
- ADDLEN0.3%Lennar Corp-aΔ +43%·$877M
- EXITPOOL0.3%Pool CorpΔ -100%·$0
- EXITAMZN0.2%Amazon.com IncΔ -100%·$0
- EXITHEI/A0.1%Heico Corp-class AΔ -100%·$0
- EXITFWONK0.1%Liberty Media Corp-formula-cΔ -100%·$0
- EXITCHTR0.1%Charter Communications Inc-aΔ -100%·$0
- EXITLAMR0.1%Lamar Advertising Co-aΔ -100%·$0
- EXITG0176J109<0.1%Allegion PlcΔ -100%·$0
- NEWM<0.1%Macy's IncΔ +100%·$55M
- ADDLEN/B<0.1%Lennar Corp - B ShsΔ +31%·$20M
- EXITDEO<0.1%Diageo Plc-sponsored AdrΔ -100%·$0
- EXITG9001E102<0.1%Liberty Latin America LtdΔ -100%·$0
- EXITG9001E128<0.1%Liberty Latin America LtdΔ -100%·$0
- EXITBATRK<0.1%Atlanta Braves Holdings In-cΔ -100%·$0
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001067983). Not investment advice.