Great investors · Warren Buffett · Q3 2025
What Warren Buffett bought and sold in Q3 2025
Berkshire Hathaway 13F portfolio as of Sep 30, 2025: 41 positions worth $267 bn. Largest: AAPL, AXP, BAC, KO. Filed with the SEC on Nov 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 Q3 2025
- NewAlphabetGOOGL+1.6 pp
Sells in Q3 2025
- ReducedAppleAAPL−4.0 pp
- ReducedBank of AmericaBAC−0.7 pp
3 companies with material moves, out of 11 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 Q3 2025 13F lists 41 lines of US-listed securities worth $267 bn; the largest is AAPL at 22.7% of the portfolio. It was accepted by the SEC on Nov 14, 2025 at 4:05 PM ET.
Against the previous quarter, it opened 1 position (GOOGL), closed 1 (DHI), added to 4 (CB, DPZ, SIRI and LAMR) and trimmed 5 (AAPL, BAC, VRSN and DVA and 1 more). 31 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Apple AAPL | 238.2 M | $60.7 bn | 22.7% | −15% |
| 2 | American Express AXP | 151.6 M | $50.4 bn | 18.8% | no change |
| 3 | Bank of America BAC | 568.1 M | $29.3 bn | 11.0% | −6.1% |
| 4 | Coca-Cola KO | 400.0 M | $26.5 bn | 9.92% | no change |
| 5 | Chevron CVX | 122.1 M | $19.0 bn | 7.09% | no change |
| 6 | Occidental Petroleum OXY | 264.9 M | $12.5 bn | 4.68% | no change |
| 7 | Moody's MCO | 24.7 M | $11.8 bn | 4.40% | no change |
| 8 | Chubb CB | 31.3 M | $8.8 bn | 3.31% | +16% |
| 9 | Kraft Heinz KHC | 325.6 M | $8.5 bn | 3.17% | no change |
| 10 | Alphabet GOOGL | 17.8 M | $4.3 bn | 1.62% | new |
| 11 | Davita DVA | 32.2 M | $4.3 bn | 1.60% | −4.8% |
| 12 | Kroger KR | 50.0 M | $3.4 bn | 1.26% | no change |
| 13 | Sirius XM Holdings SIRI | 124.8 M | $2.9 bn | 1.09% | +4.2% |
| 14 | Visa V | 8.3 M | $2.8 bn | 1.06% | no change |
| 15 | Verisign VRSN | 9.0 M | $2.5 bn | 0.94% | −32% |
| 16 | Mastercard MA | 4.0 M | $2.3 bn | 0.85% | no change |
| 17 | Amazon.com AMZN | 10.0 M | $2.2 bn | 0.82% | no change |
| 18 | Constellation Brands STZ | 13.4 M | $1.8 bn | 0.68% | no change |
| 19 | UnitedHealth Group UNH | 5.0 M | $1.7 bn | 0.65% | no change |
| 20 | Capital One Financial COF | 7.2 M | $1.5 bn | 0.57% | no change |
| 21 | Aon AON | 4.1 M | $1.5 bn | 0.55% | no change |
| 22 | Domino’s Pizza DPZ | 3.0 M | $1.3 bn | 0.48% | +13% |
| 23 | Ally Financial ALLY | 29.0 M | $1.1 bn | 0.43% | no change |
| 24 | POOL POOL | 3.5 M | $1.1 bn | 0.40% | no change |
| 25 | Liberty Media | 10.9 M | $1.1 bn | 0.40% | no change |
| 26 | Lennar LEN | 7.1 M | $889M | 0.33% | no change |
| 27 | Nucor NUE | 6.4 M | $868M | 0.32% | −3.1% |
| 28 | Louisiana-pacific LPX | 5.7 M | $503M | 0.19% | no change |
| 29 | Liberty Media | 5.0 M | $470M | 0.18% | no change |
| 30 | Heico HEI/A | 1.3 M | $329M | 0.12% | no change |
| 31 | Liberty | 3.0 M | $315M | 0.12% | no change |
| 32 | Charter Communications CHTR | 1.1 M | $292M | 0.11% | no change |
| 33 | Lamar Advertising LAMR | 1.2 M | $147M | 0.06% | +2.8% |
| 34 | Allegion ALLE | 780,133 | $138M | 0.05% | no change |
| 35 | NVR NVR | 11,112 | $89.3M | 0.03% | no change |
| 36 | Jefferies Financial Group JEF | 433,558 | $28.4M | 0.01% | no change |
| 37 | Liberty Latin America LILA | 2.6 M | $21.8M | 0.01% | no change |
| 38 | Diageo DEO | 227,750 | $21.7M | 0.01% | no change |
| 39 | Lennar LEN/B | 180,980 | $21.7M | 0.01% | no change |
| 40 | Liberty Latin America LILAK | 1.3 M | $10.8M | 0.00% | no change |
| 41 | Atlanta Braves Holdings BATRK | 223,645 | $9.3M | 0.00% | no change |
Positions it closed (1)
- D.R. Horton DHIwas 0.07% · 1.5 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.