Great investors · Warren Buffett · Q1 2025
What Warren Buffett bought and sold in Q1 2025
Berkshire Hathaway 13F portfolio as of Mar 31, 2025: 39 positions worth $260 bn. Largest: AAPL, AXP, KO, BAC. Filed with the SEC on May 15, 2025.
The 13F is filed by Berkshire Hathaway, not by Warren Buffett personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q1 2025
No purchase of 0.5 points of the portfolio or more this quarter.
Sells in Q1 2025
- ReducedBank of AmericaBAC−0.8 pp
1 company with a material move, out of 15 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Berkshire Hathaway's Q1 2025 13F lists 39 lines of US-listed securities worth $260 bn; the largest is AAPL at 25.6% of the portfolio. It was accepted by the SEC on May 15, 2025 at 4:06 PM ET.
Against the previous quarter, it opened 3 positions (NUE, LEN and DHI), closed 2 (C and NU), added to 5 (STZ, POOL, DPZ and SIRI and 1 more) and trimmed 5 (BAC, Liberty, DVA and TMUS and 1 more). 26 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Apple AAPL | 300.0 M | $66.6 bn | 25.6% | no change |
| 2 | American Express AXP | 151.6 M | $40.8 bn | 15.7% | no change |
| 3 | Coca-Cola KO | 400.0 M | $28.6 bn | 11.0% | no change |
| 4 | Bank of America BAC | 631.6 M | $26.4 bn | 10.1% | −7.2% |
| 5 | Chevron CVX | 118.6 M | $19.8 bn | 7.64% | no change |
| 6 | Occidental Petroleum OXY | 264.9 M | $13.1 bn | 5.03% | no change |
| 7 | Moody's MCO | 24.7 M | $11.5 bn | 4.42% | no change |
| 8 | Kraft Heinz KHC | 325.6 M | $9.9 bn | 3.81% | no change |
| 9 | Chubb CB | 27.0 M | $8.2 bn | 3.14% | no change |
| 10 | Davita DVA | 35.1 M | $5.4 bn | 2.07% | −2.6% |
| 11 | Kroger KR | 50.0 M | $3.4 bn | 1.30% | no change |
| 12 | Verisign VRSN | 13.3 M | $3.4 bn | 1.30% | no change |
| 13 | Visa V | 8.3 M | $2.9 bn | 1.12% | no change |
| 14 | Sirius XM Holdings SIRI | 119.8 M | $2.7 bn | 1.04% | +2% |
| 15 | Constellation Brands STZ | 12.0 M | $2.2 bn | 0.85% | +114% |
| 16 | Mastercard MA | 4.0 M | $2.2 bn | 0.84% | no change |
| 17 | Amazon.com AMZN | 10.0 M | $1.9 bn | 0.73% | no change |
| 18 | Aon AON | 4.1 M | $1.6 bn | 0.63% | no change |
| 19 | Capital One Financial COF | 7.2 M | $1.3 bn | 0.49% | −4% |
| 20 | Domino’s Pizza DPZ | 2.6 M | $1.2 bn | 0.46% | +10% |
| 21 | Ally Financial ALLY | 29.0 M | $1.1 bn | 0.41% | no change |
| 22 | T-mobile US TMUS | 3.9 M | $1.0 bn | 0.40% | −11% |
| 23 | Liberty Media | 10.9 M | $744M | 0.29% | no change |
| 24 | Charter Communications CHTR | 2.0 M | $731M | 0.28% | no change |
| 25 | Nucor NUE | 5.8 M | $693M | 0.27% | new |
| 26 | Louisiana-pacific LPX | 5.7 M | $521M | 0.20% | no change |
| 27 | POOL POOL | 1.5 M | $466M | 0.18% | +145% |
| 28 | Liberty Media | 5.0 M | $335M | 0.13% | no change |
| 29 | Liberty | 3.5 M | $316M | 0.12% | −48% |
| 30 | Heico HEI/A | 1.2 M | $245M | 0.09% | +11% |
| 31 | Lennar LEN | 1.9 M | $222M | 0.09% | new |
| 32 | D.R. Horton DHI | 1.5 M | $192M | 0.07% | new |
| 33 | NVR NVR | 11,112 | $80.5M | 0.03% | no change |
| 34 | Diageo DEO | 227,750 | $23.9M | 0.01% | no change |
| 35 | Jefferies Financial Group JEF | 433,558 | $23.2M | 0.01% | no change |
| 36 | Lennar LEN/B | 152,774 | $16.7M | 0.01% | no change |
| 37 | Liberty Latin America LILA | 2.6 M | $16.7M | 0.01% | no change |
| 38 | Atlanta Braves Holdings BATRK | 223,645 | $8.9M | 0.00% | no change |
| 39 | Liberty Latin America LILAK | 1.3 M | $8.0M | 0.00% | no change |
Positions it closed (2)
- Citigroup Cwas 0.39% · 14.6 M shares
- Nu Holdings NUwas 0.16% · 40.2 M shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Berkshire Hathaway's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.