We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Berkshire remains heavily overweight financials despite trimming Bank of America exposure.
Technology allocation declines as Berkshire steadily reduces its outsized Apple position.
Energy and consumer staples stay key bets, supported by Chevron, Occidental and Coca-Cola holdings.
Berkshire Hathaway’s (BRK.A - Free Report) , (BRK.B - Free Report) fourth-quarter 13F filing was released after market close on Feb. 17, offering investors a quarterly snapshot of portfolio activity led by Warren Buffett, Greg Abel, and investment managers Todd Combs and Ted Weschler, per Forbes.
Let’s delve deeper into Buffett’s company, Berkshire Hathaway’s quarterly Form 13-F filed with the Securities and Exchange Commission, and analyze his investing pattern.
The five largest holdings are: Apple (AAPL), American Express (AXP), Bank of America (BAC), Coca-Cola (KO) and Chevron (CVX).
These top five positions account for 70.9% of the overall portfolio. Overall, the top ten holdings represent roughly 88% of total invested assets, per the Forbes article.
Portfolio Allocation by Sectors: Heavy on Financials; Weak on Technology
Berkshire made no changes to its Apple position in the first quarter but trimmed the stake during the second, third, and fourth quarters. Prior to the 2024 reductions, Apple represented more than half of Berkshire’s publicly traded portfolio. Despite ongoing sales, it remains the largest holding at nearly 23%.
Due to these reductions, technology exposure — once heavily overweight due to Apple — has shifted to an underweight position relative to broader market benchmarks, per the above-mentioned Forbes article. The move puts focus on iShares U.S. Technology ETF (IYW - Free Report) , where Apple is heavily invested.
The financial sector continues to be Berkshire’s largest overweight, making up about 40% of assets, even after cutting exposure to Bank of America shares during the quarter. With this move, one can bet on financials ETFs like Invesco KBW Bank ETF (KBWB - Free Report) .
Berkshire now holds 26.9% of the outstanding shares in Occidental (OXY - Free Report) , which, combined with Chevron, leads to a strong position in the energy sector, per Forbes. Occidental has about 8% weight in Texas Capital Texas Oil Index ETF (OILT - Free Report) . The fund is an economic-value weighted index providing exposure to companies that extract oil and gas within Texas.
Due to holdings in the likes of Coca-Cola and Kraft Heinz, the portfolio also remains significantly overweight in consumer staples. In this regard, First Trust Nasdaq Food & Beverage ETF (FTXG - Free Report) and iShares U.S. Consumer Staples ETF (IYK - Free Report) appear to be good bets.
Investments in Japan
Because 13F filings exclude non-U.S. equities, Berkshire’s sizable investments in Japanese trading companies are not reflected in the report.
Berkshire has stakes in five Japanese trading houses including Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co. Ltd. And Sumitomo Corp (read: Buffett Boosts Stakes in Japan: ETFs to Play).
By October 2025, Berkshire’s ownership in these firms had risen to between 8.5% and 10.2%. In Buffett’s 2024 annual letter, he noted that the companies agreed to relax a prior 10% ownership cap, per Forbes.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Follow Berkshire Hathaway With These ETF Areas
Key Takeaways
Berkshire Hathaway’s (BRK.A - Free Report) , (BRK.B - Free Report) fourth-quarter 13F filing was released after market close on Feb. 17, offering investors a quarterly snapshot of portfolio activity led by Warren Buffett, Greg Abel, and investment managers Todd Combs and Ted Weschler, per Forbes.
Let’s delve deeper into Buffett’s company, Berkshire Hathaway’s quarterly Form 13-F filed with the Securities and Exchange Commission, and analyze his investing pattern.
Berkshire Hathaway’s Top Holdings
Berkshire’s investment portfolio totaled $274.2 billion at quarter-end, spanning 42 companies.
The five largest holdings are: Apple (AAPL), American Express (AXP), Bank of America (BAC), Coca-Cola (KO) and Chevron (CVX).
These top five positions account for 70.9% of the overall portfolio. Overall, the top ten holdings represent roughly 88% of total invested assets, per the Forbes article.
Portfolio Allocation by Sectors: Heavy on Financials; Weak on Technology
Berkshire made no changes to its Apple position in the first quarter but trimmed the stake during the second, third, and fourth quarters. Prior to the 2024 reductions, Apple represented more than half of Berkshire’s publicly traded portfolio. Despite ongoing sales, it remains the largest holding at nearly 23%.
Due to these reductions, technology exposure — once heavily overweight due to Apple — has shifted to an underweight position relative to broader market benchmarks, per the above-mentioned Forbes article. The move puts focus on iShares U.S. Technology ETF (IYW - Free Report) , where Apple is heavily invested.
The financial sector continues to be Berkshire’s largest overweight, making up about 40% of assets, even after cutting exposure to Bank of America shares during the quarter. With this move, one can bet on financials ETFs like Invesco KBW Bank ETF (KBWB - Free Report) .
Berkshire now holds 26.9% of the outstanding shares in Occidental (OXY - Free Report) , which, combined with Chevron, leads to a strong position in the energy sector, per Forbes. Occidental has about 8% weight in Texas Capital Texas Oil Index ETF (OILT - Free Report) . The fund is an economic-value weighted index providing exposure to companies that extract oil and gas within Texas.
Due to holdings in the likes of Coca-Cola and Kraft Heinz, the portfolio also remains significantly overweight in consumer staples. In this regard, First Trust Nasdaq Food & Beverage ETF (FTXG - Free Report) and iShares U.S. Consumer Staples ETF (IYK - Free Report) appear to be good bets.
Investments in Japan
Because 13F filings exclude non-U.S. equities, Berkshire’s sizable investments in Japanese trading companies are not reflected in the report.
Berkshire has stakes in five Japanese trading houses including Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co. Ltd. And Sumitomo Corp (read: Buffett Boosts Stakes in Japan: ETFs to Play).
By October 2025, Berkshire’s ownership in these firms had risen to between 8.5% and 10.2%. In Buffett’s 2024 annual letter, he noted that the companies agreed to relax a prior 10% ownership cap, per Forbes.