Berkshire Hathaway Top Holdings in 2026: What’s Inside Buffett’s Portfolio

Before we dive into stock tickers, let’s be clear on what we mean by Berkshire Hathaway’s top holdings in 2026.

Public stock positions are reported in a quarterly document called a 13F that big money managers file with the SEC. This only covers Berkshire’s U.S.-listed stocks held in the insurance and investment portfolio, not its fully owned private businesses like BNSF Railway or See’s Candies.

For this article, we’re looking at:

• The latest 13F filed for the quarter ended March 31, 2026 (filed in mid‑May 2026).
• The top 10 holdings by market value in that filing.
• How those stakes have changed versus late 2025.

A couple of other quirks matter:

• Some positions are marked as “Confidential treatment requested”, which means Berkshire has hidden them temporarily while building or exiting a stake.
• Berkshire also holds a lot of cash and T‑bills, plus foreign stocks that may not show up the same way as U.S. positions.

So this is not a full list of everything Berkshire owns, but it’s the best real‑time window into what Buffett and his team want the market to see. Think of it as peeking over their shoulder once a quarter rather than getting a live trading feed.

We’ll start with the big, long‑term “Buffett classics” and then get to the newer, likely Combs/Weschler ideas and the most recent moves you can see in the 2026 filings.

The latest 13F for Q1 2026 still shows Apple (AAPL), Bank of America (BAC), and Coca‑Cola (KO) as Berkshire’s three biggest stock positions by market value. These have been the “core” of the portfolio for a while, and 2026 hasn’t changed that.

Here’s how they stack up using prices from late May 2026:

- Apple (AAPL) – Berkshire owns roughly 905 million shares, after only tiny trims over the last couple of years. At around $190 per share in late May 2026, that’s about $172 billion in market value. Apple is still more than 40% of Berkshire’s disclosed stock portfolio.

- Bank of America (BAC) – Berkshire holds about 1.03 billion shares. With BAC trading near $39 in late May 2026, that’s around $40 billion. Buffett has called this his favorite big bank, and Berkshire actually added to BAC during earlier rate‑hike volatility and has mostly sat tight since.

- Coca‑Cola (KO) – Berkshire’s stake is roughly 400 million shares, virtually unchanged for years. At about $62 a share in late May 2026, that’s roughly $25 billion. This is a classic Buffett “forever” holding; he’s been in KO since the late 1980s.

What’s important for a retail investor isn’t just the size of these positions, but what they say about Berkshire’s style:

• Apple: a dominant consumer tech brand that throws off loads of cash and buys back shares.
• Bank of America: a scaled financial backbone of the U.S. economy.
• Coca‑Cola: a simple, global consumer brand with strong pricing power.

If you’re studying Berkshire to shape your own watchlist, these three are a crash course in Buffett’s favorite themes: durable brands, strong cash generation, and the ability to survive ugly economic cycles.

After the big three, the rest of Berkshire’s top 10 holdings in the latest 13F are a mix of energy, financials, and old‑school consumer names. Here’s a quick tour using late May 2026 prices and share counts from the Q1 2026 filing:

- American Express (AXP) – Berkshire owns about 152 million shares. With AXP trading near $230, that’s roughly $35 billion. Buffett has held AmEx for decades; the bet is on a premium brand and card network that benefits from both spending and lending.

- Chevron (CVX) – Berkshire’s Chevron stake is about 116 million shares after trims during 2023–2025. At roughly $160 per share, that’s about $19 billion. Berkshire has been adjusting its energy exposure as oil prices and policy headlines move around, but CVX remains a top‑tier holding.

- Occidental Petroleum (OXY) – Berkshire owns just over 248 million OXY shares, plus warrants, and has regulatory approval to go up to 50% of the company. At around $67 per share, that’s roughly $16–17 billion in common stock. Buffett has said on record he has no current plans to acquire all of OXY, but the continued buying has made this one of Berkshire’s most‑watched positions.

- Kraft Heinz (KHC) – Berkshire holds about 325 million shares. With KHC around $34, that’s roughly $11 billion. This is one of the more controversial Buffett deals, given past write‑downs, but the position size hasn’t changed much lately.

- Moody’s (MCO) – Berkshire owns about 24 million shares. At nearly $430 per share in late May 2026, that’s roughly $10 billion. Buffett likes “toll‑booth” style businesses, and Moody’s credit‑ratings franchise fits that idea.

Depending on small movements in prices, these names rotate around spots 4–10, but together they show:

• A clear tilt toward financials and energy.
• A continued willingness to hold concentrated positions.
• A mix of long‑term classics (AXP, MCO) and more actively traded energy bets (CVX, OXY).

For individual investors, this chunk of the portfolio is useful when you’re thinking about sectors: Berkshire’s biggest public bets are not in trendy high‑growth stocks but in mature businesses with strong balance sheets and cash flow.

Beyond the giants, some smaller but interesting holdings in the 2026 13F likely reflect the work of Todd Combs and Ted Weschler, Buffett’s two investment lieutenants. These positions are meaningful enough to show conviction, but not so large that they must be Buffett himself.

A few stand‑outs from the Q1 2026 filing:

- Snowflake (SNOW) – Berkshire still owns around 6.1 million shares of the data‑cloud company, a stake initiated at IPO time. With SNOW trading near $155 in late May 2026, that’s under $1 billion now after earlier price swings. This is widely believed to be a Combs/Weschler idea that Buffett approved.

- T‑Mobile US (TMUS) – Berkshire’s stake is roughly 5.2 million shares. At about $177, that’s just under $1 billion. This is more of an infrastructure and subscription business than a classic growth “story stock,” which fits the Berkshire mindset.

- HP Inc. (HPQ) – Berkshire has been gradually trimming this PC and printer name after building a big position earlier. Q1 2026 shows the stake down to around 85 million shares. At about $33, that’s close to $2.8 billion, but it has fallen out of the top 10 by value.

• Paramount Global (PARA) – Berkshire significantly reduced this position in 2025 after disappointing streaming results, and Q1 2026 shows the stake under 50 million shares, worth well under $1 billion at late‑May prices around $12.

These smaller positions matter to retail investors for two reasons:

1. They show how Berkshire’s next generation of stock pickers thinks: more tech, more telecom, more data. 2. They remind you that even at Berkshire, not every idea is a home run; some positions grow into top 10 holdings, others quietly shrink away over a few years.

If you like following “what the smart money is doing,” keep an eye on the section of the 13F that lists mid‑sized stakes rather than just the top line items – that’s where you’ll see the experimentation.

Berkshire doesn’t label each 13F position with a name tag, but you can make educated guesses about whether a holding is a Buffett pick or a Todd Combs/Ted Weschler idea. That helps you understand the different styles inside Berkshire.

A simple way to think about it:

- Buffett‑likely positions tend to be very large, long‑held, and in businesses he has talked about for years. Examples: AAPL, BAC, KO, AXP, MCO, KHC. These often date back to before Combs and Weschler were managing big sums at Berkshire.

- Combs/Weschler‑likely positions are usually smaller (often under $5–10 billion), more tilted toward tech, telecom, or niche financials, and often started in the last decade. Examples: SNOW, TMUS, and prior positions like Charter Communications (CHTR) and StoneCo (STNE) that appeared and evolved after they joined.

Size is a rough clue because Buffett has said publicly that he personally decides on the very largest allocations, especially where tens of billions of Berkshire’s capital are on the line. Combs and Weschler each manage a slice of the overall portfolio (together tens of billions), where they can move faster and take smaller swings.

Why this matters for you as a retail investor:

• If you’re trying to learn classic Buffett principles, focus on the long‑held blue‑chips.
• If you’re more curious about how Berkshire is adapting to a changing economy (cloud, wireless, payments), studying the mid‑sized Combs/Weschler bets can be just as useful.

You don’t need to copy any of these trades. But breaking the 13F into “likely Buffett” and “likely lieutenants” can help you see the difference between timeless Buffett philosophy and more modern, experimental ideas inside the same company.

Watching Berkshire Hathaway’s top holdings in 2026 can be helpful, but it’s not a cheat code. Here’s how to use this information without just blindly copying trades.

1. Use the 13F as a watchlist, not a shopping list. When you see a huge, long‑term position like AAPL, BAC, KO, AXP, CVX, OXY, MCO, KHC, add it to a personal watchlist and read the latest annual report and earnings calls for each company. Treat Berkshire’s interest as a reason to dig in, not a green light to act.

2. Study the holding period, not just the pick. Buffett’s best investments are usually held for 10+ years. Pull up a price chart for KO or AXP and you’ll see long stretches of flat or ugly performance mixed in with big multi‑year runs. That’s a reminder that patience is part of the strategy.

3. Notice the sectors Berkshire avoids. The 2026 13F has very little in highly speculative areas – no tiny biotech lottery tickets, no meme stocks. That’s a quiet lesson about staying within your circle of competence.

4. Compare Berkshire’s allocation to your own. If Berkshire has around 40% of its stock portfolio in Apple and heavy exposure to financials and energy, ask yourself whether your portfolio is too scattered across dozens of small positions. You don’t need to match Berkshire’s bets, but understanding concentration vs. diversification can make you more intentional.

5. Track changes over time. Set a reminder every quarter to skim Berkshire’s new 13F. Look for big percentage changes – large increases or cuts in names like OXY, CVX, HPQ, TMUS, SNOW – and then go read the news or earnings to see what might have triggered the move. Over a couple of years, you’ll start to see patterns in how Berkshire responds to macro events and company‑specific stuff.

Used this way, Berkshire’s filings become a learning tool rather than a shortcut – a way to sharpen your own thinking every quarter.