What does Berkshire Hathaway (BRK.A -0.49%)(BRK.B -0.18%) own? Shares in a surprisingly small number of companies, as it turns out. Warren Buffett's Nebraska-based holding company has $257 billion invested in only 41 publicly traded companies.
If you’re deciding whether Berkshire Hathaway is worth owning, the breakdown below shows where Berkshire’s money is concentrated, what it’s been trimming lately, and which positions matter most.
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 Hathaway has 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.
Company | Symbol | Holdings | Stake | Price | Value | Portfolio % |
|---|---|---|---|---|---|---|
Apple Inc | AAPL | 280,000,000 | 1.90% | $256.69 | $71,873,200,000 | 23.60% |
American Express Co | AXP | 151,610,700 | 21.80% | $331.99 | $50,333,236,293 | 16.50% |
Bank of America Corp | BAC | 605,267,375 | 8.20% | $50.39 | $30,499,423,026 | 10.00% |
Coca-Cola Co | KO | 400,000,000 | 9.30% | $66.10 | $26,440,000,000 | 8.70% |
Chevron Corp | CVX | 122,064,792 | 6.00% | $154.02 | $18,800,419,264 | 6.20% |
Occidental Petroleum Corp | OXY | 264,941,431 | 26.90% | $45.40 | $12,028,340,967 | 4.00% |
Moody’s Corp | MCO | 24,669,778 | 13.80% | $483.45 | $11,926,604,174 | 3.90% |
Mitsubishi Corp | 8058:TYO | 389,043,900 | 10.20% | $23.46 | $9,125,505,324 | 3.00% |
Kraft Heinz Co | KHC | 325,634,818 | 27.50% | $25.27 | $8,228,791,851 | 2.70% |
Chubb Ltd | CB | 27,033,784 | 6.80% | $286.39 | $7,742,205,400 | 2.50% |
Itochu Corporation | 8001:TYO | 135,246,800 | 8.50% | $56.11 | $7,588,162,097 | 2.50% |
Mitsui & Co | 8031:TYO | 285,401,400 | 9.80% | $24.68 | $7,043,783,736 | 2.30% |
Davita Inc | DVA | 32,160,579 | 45.00% | $128.14 | $4,121,056,593 | 1.40% |
Marubeni Corp | 8002:TYO | 154,474,700 | 9.30% | $25.72 | $3,972,786,394 | 1.30% |
Sumitomo Corp | 8053:TYO | 112,459,500 | 9.30% | $29.32 | $3,297,719,701 | 1.10% |
Kroger Co | KR | 50,000,000 | 7.50% | $64.80 | $3,240,000,000 | 1.10% |
Visa Inc | V | 8,297,460 | 0.40% | $349.28 | $2,898,136,829 | 1.00% |
Sirius XM Holdings Inc | SIRI | 124,807,117 | 37.10% | $22.74 | $2,838,113,841 | 0.90% |
VeriSign, Inc | VRSN | 8,989,880 | 9.60% | $270.78 | $2,434,279,706 | 0.80% |
Mastercard Inc | MA | 3,986,648 | 0.40% | $578.81 | $2,307,511,729 | 0.80% |
Amazon.com Inc | AMZN | 10,000,000 | 0.10% | $220.90 | $2,209,000,000 | 0.70% |
Constellation Brands Inc | STZ | 13,400,000 | 7.60% | $138.71 | $1,858,714,000 | 0.60% |
UnitedHealth Group Inc | UNH | 5,039,564 | 0.60% | $358.77 | $1,808,044,376 | 0.60% |
Capital One Financial Corp | COF | 7,150,000 | 1.10% | $213.85 | $1,529,027,500 | 0.50% |
Aon PLC | AON | 4,100,000 | 1.90% | $365.70 | $1,499,370,000 | 0.50% |
Ally Financial Inc | ALLY | 29,000,000 | 9.40% | $39.79 | $1,153,910,000 | 0.40% |
Domino’s Pizza Inc | DPZ | 2,633,868 | 7.80% | $422.91 | $1,113,889,116 | 0.40% |
Pool Corp | POOL | 3,458,885 | 9.30% | $307.29 | $1,062,880,772 | 0.30% |
Liberty Live Series C | LLYVK | 10,917,661 | 17.10% | $90.05 | $983,135,373 | 0.30% |
Nucor Corp | NUE | 6,614,112 | 2.90% | $135.59 | $896,807,446 | 0.30% |
Lennar Corp Class A | LEN | 7,048,993 | 3.00% | $126.39 | $890,922,225 | 0.30% |
Louisiana-Pacific Corp | LPX | 5,664,793 | 8.10% | $89.19 | $505,242,888 | 0.20% |
Liberty Live Series A | LLYVA | 4,986,588 | 19.50% | $87.28 | $435,229,401 | 0.10% |
Heico Corp Class A | HEI.A | 1,294,612 | 1.50% | $254.88 | $329,970,707 | 0.10% |
Liberty Formula One Series C | FWONK | 3,018,555 | 1.30% | $108.33 | $327,000,063 | 0.10% |
Charter Communications Inc | CHTR | 1,060,882 | 0.80% | $282.74 | $299,953,777 | 0.10% |
D. R. Horton | DHI | 1,485,350 | 0.50% | $171.53 | $254,782,086 | 0.10% |
Lamar Advertising Co | LAMR | 1,169,507 | 1.20% | $122.20 | $142,913,755 | 0.00% |
Allegion PLC | ALLE | 780,133 | 0.90% | $177.36 | $138,364,389 | 0.00% |
NVR Inc | NVR | 11,112 | 0.40% | $8,068.75 | $89,659,950 | 0.00% |
Jefferies Financial Group Inc | JEF | 433,558 | 0.20% | $61.18 | $26,525,078 | 0.00% |
Liberty Latin America Series A | LILA | 2,630,792 | 6.40% | $8.34 | $21,940,805 | 0.00% |
Lennar Corp Class B | LEN.B | 180,930 | 0.60% | $119.92 | $21,697,126 | 0.00% |
Diageo PLC | DEO | 227,750 | 0.00% | $94.38 | $21,495,045 | 0.00% |
Liberty Latin America Series C | LILAK | 1,284,020 | 0.80% | $8.50 | $10,914,170 | 0.00% |
Atlanta Braves Holdings Inc Series C | BATRK | 223,645 | 0.40% | $41.08 | $9,187,337 | 0.00% |
BYD Co. Ltd | BYDDF | 0 | 0.0% | $13.99 | $0 | 0.0% |
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 -1.34%) 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 +1.13%) 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 +0.29%) 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.
The bottom line
Past performance is no guarantee of future results. Even so, a 5,502,284% return over a lifetime of investment isn't something to dismiss. The vast majority of investors could do worse than following Buffett's example of investing in stable, well-run, established companies that focus on core businesses.
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