Great investors · Warren Buffett · Q2 2025
What Warren Buffett bought and sold in Q2 2025
Berkshire Hathaway 13F portfolio as of Jun 30, 2025: 41 positions worth $258 bn. Largest: AAPL, AXP, BAC, KO. Filed with the SEC on Aug 14, 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 Q2 2025
- NewUnitedHealth GroupUNH+0.6 pp
Sells in Q2 2025
- ReducedAppleAAPL−1.6 pp
2 companies with material moves, out of 17 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 Q2 2025 13F lists 41 lines of US-listed securities worth $258 bn; the largest is AAPL at 22.3% of the portfolio. It was accepted by the SEC on Aug 14, 2025 at 4:05 PM ET.
Against the previous quarter, it opened 3 positions (UNH, LAMR and ALLE), closed 1 (TMUS), added to 7 (LEN, POOL, CVX and STZ and 3 more) and trimmed 6 (AAPL, BAC, CHTR and DVA and 2 more). 25 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Apple AAPL | 280.0 M | $57.4 bn | 22.3% | −6.7% |
| 2 | American Express AXP | 151.6 M | $48.4 bn | 18.8% | no change |
| 3 | Bank of America BAC | 605.3 M | $28.6 bn | 11.1% | −4.2% |
| 4 | Coca-Cola KO | 400.0 M | $28.3 bn | 11.0% | no change |
| 5 | Chevron CVX | 122.1 M | $17.5 bn | 6.79% | +2.9% |
| 6 | Moody's MCO | 24.7 M | $12.4 bn | 4.81% | no change |
| 7 | Occidental Petroleum OXY | 264.9 M | $11.1 bn | 4.32% | no change |
| 8 | Kraft Heinz KHC | 325.6 M | $8.4 bn | 3.26% | no change |
| 9 | Chubb CB | 27.0 M | $7.8 bn | 3.04% | no change |
| 10 | Davita DVA | 33.8 M | $4.8 bn | 1.87% | −3.8% |
| 11 | Verisign VRSN | 13.3 M | $3.8 bn | 1.49% | no change |
| 12 | Kroger KR | 50.0 M | $3.6 bn | 1.39% | no change |
| 13 | Visa V | 8.3 M | $2.9 bn | 1.14% | no change |
| 14 | Sirius XM Holdings SIRI | 119.8 M | $2.8 bn | 1.07% | no change |
| 15 | Mastercard MA | 4.0 M | $2.2 bn | 0.87% | no change |
| 16 | Amazon.com AMZN | 10.0 M | $2.2 bn | 0.85% | no change |
| 17 | Constellation Brands STZ | 13.4 M | $2.2 bn | 0.85% | +12% |
| 18 | UnitedHealth Group UNH | 5.0 M | $1.6 bn | 0.61% | new |
| 19 | Capital One Financial COF | 7.2 M | $1.5 bn | 0.59% | no change |
| 20 | Aon AON | 4.1 M | $1.5 bn | 0.57% | no change |
| 21 | Domino’s Pizza DPZ | 2.6 M | $1.2 bn | 0.46% | no change |
| 22 | Ally Financial ALLY | 29.0 M | $1.1 bn | 0.44% | no change |
| 23 | POOL POOL | 3.5 M | $1.0 bn | 0.39% | +136% |
| 24 | Liberty Media | 10.9 M | $886M | 0.34% | no change |
| 25 | Nucor NUE | 6.6 M | $857M | 0.33% | +15% |
| 26 | Lennar LEN | 7.0 M | $780M | 0.30% | +265% |
| 27 | Louisiana-pacific LPX | 5.7 M | $487M | 0.19% | no change |
| 28 | Charter Communications CHTR | 1.1 M | $434M | 0.17% | −47% |
| 29 | Liberty Media | 5.0 M | $396M | 0.15% | no change |
| 30 | Heico HEI/A | 1.3 M | $335M | 0.13% | +11% |
| 31 | Liberty | 3.0 M | $315M | 0.12% | −14% |
| 32 | D.R. Horton DHI | 1.5 M | $191M | 0.07% | −1.8% |
| 33 | Lamar Advertising LAMR | 1.2 M | $142M | 0.06% | new |
| 34 | Allegion ALLE | 780,133 | $112M | 0.04% | new |
| 35 | NVR NVR | 11,112 | $82.1M | 0.03% | no change |
| 36 | Jefferies Financial Group JEF | 433,558 | $23.7M | 0.01% | no change |
| 37 | Diageo DEO | 227,750 | $23.0M | 0.01% | no change |
| 38 | Lennar LEN/B | 180,930 | $19.0M | 0.01% | +18% |
| 39 | Liberty Latin America LILA | 2.6 M | $16.0M | 0.01% | no change |
| 40 | Atlanta Braves Holdings BATRK | 223,645 | $10.5M | 0.00% | no change |
| 41 | Liberty Latin America LILAK | 1.3 M | $8.0M | 0.00% | no change |
Positions it closed (1)
- T-mobile US TMUSwas 0.40% · 3.9 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.