What Does Berkshire Hathaway Own?

What does Berkshire Hathaway own?

Berkshire Hathaway is known for its outstanding return on investments. If you'd bought Berkshire Class A stock when Buffett took over the company in the mid-1960s, your return through 2024 would have been about 5,502,284%.

The return is even more impressive when you consider that Berkshire Hathawayhas accomplished it with relatively few investments. Instead, Buffett focused on a long-term buy-and-hold strategy, buying stocks in well-managed companies with a good chance of succeeding and holding them over the long term.

The company has been trimming its holdings in recent years, reducing both its number of stock holdings and its total amount invested. Meanwhile, its cash holdings have grown to $344.1 billion in the second quarter of 2025.

The increasing amount of cash held by Berkshire, however, doesn't mean it's getting out of the stock-picking business. Around 70% of the company's portfolio is invested in just six stocks.

Other Berkshire holdings

The six stocks above make up nearly 70% of Berkshire's total holdings -- but there's more. In mid-2025, Berkshire held billion-dollar stakes in another 22 companies, ranging from consumer staples to technology stocks. Here are some smaller holdings:

• Kraft Heinz (KHC +0.44%): Buffett admits that the purchase of Kraft Heinz stock initially didn't quite work out as hoped. The company's stock fell 9% in 2023 and another 18% in 2024, even as the S&P 500 rose.
  
  Still, Berkshire hasn't walked away from the company that provides staples ranging from Kraft Mac and Cheese to Maxwell House, and there's hope for the future. It's overhauling its logistics structure to save $2.5 billion by the end of 2027 and had already identified about $1 billion in potential savings.
• Moody's (MCO +0.08%): Best known as a ratings agency, Moody's has been a part of Berkshire's portfolio for almost a quarter century. The company has little major competition outside of S&P Global and Fitch Ratings, giving it a huge advantage and immense pricing power.
  
  Moody's has everything that Buffett searches for in an investment: a competitive edge, strong management, a leading position, excellent profitability, strong recurring revenue, and a high free cash flow.
• Mitsubishi (MSBHF -1.37%): On the surface, a Japanese trading house might not be one of the first investments you think about when you consider options for Berkshire Hathaway. But it's a big component of Buffett's portfolio, which now holds more than 10% of the conglomerate.
  
  Why? Easy. Like other large Berkshire holdings, Mitsubishi has been in business for a long time (since 1870), indicating stability. It's a bargain, with shares currently trading at $24. And finally, it's incredibly diversified, owning almost 1,700 companies in 10 industries, spreading risk better than most exchange-traded funds (ETFs).
• Mitsui & Co. (MITSF +1.52%): Buffett increased his holdings in Japan's five biggest trading houses in 2023, with Mitsui becoming his 10th-largest holding. It's one of five sogo shosha (trading houses) Buffett first bought in 2020.
  
  Like Mitsubishi, Mitsui is a diversified giant that owns companies involved in chemicals, steelmaking, life insurance, construction, banking, engineering, and even brewing. Berkshire's stake is 9.8% of the company, just shy of the country's 10% approval threshold for foreign investment.

What companies could Buffett buy in the future?

It's hard to predict which stocks Berkshire Hathaway might add since Buffett favors very long-term buy-and-hold positions. The Oracle of Omaha tends to favor companies that have been around for a very long time -- like a century, in the cases of American Express and Coca-Cola.

Having said that, there may be a few options in areas where Buffett has focused, such as finance, energy, and consumer staples:

• U.S. Bancorp (USB -0.41%) is one-quarter the size of Bank of America. It has $74.3 billion in market capitalization, making it one of the largest U.S. banks. Unlike its larger siblings in the banking industry, it was relatively unscathed by the 2007-09 financial crisis. It has a decent dividend yield of 4.36% and trades at 11.42 times this year's expected earnings.
• Buffett values stable companies with predictable revenue, which means Enbridge (ENB -0.72%) might be a good fit if he decides to add to Berkshire's energy holdings. The Canadian pipeline and utility company has reported that 98% of its earnings come from cost-of-service arrangements and long-term contracts, which means it's not affected by oil and gas prices.
• If Buffett is searching for an established, well-run company with a lengthy history, he might consider adding IBM (IBM +0.97%) shares to the Berkshire portfolio. True, Big Blue struggled over much of the last decade, selling off low-margin units for cash that it then spent on buybacks rather than business improvements. The company appears to be rebounding, though, buoyed by investments in AI that helped its shares climb nearly 32% in 2025.

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