Great investors · Warren Buffett · Q4 2025
What Warren Buffett bought and sold in Q4 2025
Berkshire Hathaway 13F portfolio as of Dec 31, 2025: 42 positions worth $274 bn. Largest: AAPL, AXP, BAC, KO. Filed with the SEC on Feb 17, 2026.
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 Q4 2025
No purchase of 0.5 points of the portfolio or more this quarter.
Sells in Q4 2025
- ReducedAppleAAPL−1.0 pp
- ReducedBank of AmericaBAC−1.0 pp
- ReducedAmazon.comAMZN−0.7 pp
3 companies with material moves, out of 13 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 Q4 2025 13F lists 42 lines of US-listed securities worth $274 bn; the largest is AAPL at 22.6% of the portfolio. It was accepted by the SEC on Feb 17, 2026 at 4:05 PM ET.
Against the previous quarter, it opened 2 positions (NYT and FWONK), closed 1 (Liberty Media), added to 3 (CVX, CB and DPZ) and trimmed 9 (AAPL, BAC, AMZN and AON and 5 more). 28 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Apple AAPL | 227.9 M | $62.0 bn | 22.6% | −4.3% |
| 2 | American Express AXP | 151.6 M | $56.1 bn | 20.5% | no change |
| 3 | Bank of America BAC | 517.3 M | $28.5 bn | 10.4% | −8.9% |
| 4 | Coca-Cola KO | 400.0 M | $28.0 bn | 10.2% | no change |
| 5 | Chevron CVX | 130.2 M | $19.8 bn | 7.24% | +6.6% |
| 6 | Moody's MCO | 24.7 M | $12.6 bn | 4.60% | no change |
| 7 | Occidental Petroleum OXY | 264.9 M | $10.9 bn | 3.97% | no change |
| 8 | Chubb CB | 34.2 M | $10.7 bn | 3.90% | +9.3% |
| 9 | Kraft Heinz KHC | 325.6 M | $7.9 bn | 2.88% | no change |
| 10 | Alphabet GOOGL | 17.8 M | $5.6 bn | 2.04% | no change |
| 11 | Davita DVA | 31.8 M | $3.6 bn | 1.32% | −1.2% |
| 12 | Kroger KR | 50.0 M | $3.1 bn | 1.14% | no change |
| 13 | Visa V | 8.3 M | $2.9 bn | 1.06% | no change |
| 14 | Sirius XM Holdings SIRI | 124.8 M | $2.5 bn | 0.91% | no change |
| 15 | Mastercard MA | 4.0 M | $2.3 bn | 0.83% | no change |
| 16 | Verisign VRSN | 9.0 M | $2.2 bn | 0.80% | no change |
| 17 | Constellation Brands STZ | 13.0 M | $1.8 bn | 0.65% | −3% |
| 18 | Capital One Financial COF | 7.2 M | $1.7 bn | 0.63% | no change |
| 19 | UnitedHealth Group UNH | 5.0 M | $1.7 bn | 0.61% | no change |
| 20 | Domino’s Pizza DPZ | 3.4 M | $1.4 bn | 0.51% | +12% |
| 21 | Ally Financial ALLY | 29.0 M | $1.3 bn | 0.48% | no change |
| 22 | Aon AON | 3.6 M | $1.3 bn | 0.46% | −12% |
| 23 | Nucor NUE | 6.4 M | $1.0 bn | 0.38% | no change |
| 24 | Liberty Live Holdings LLYVK | 10.9 M | $908M | 0.33% | no change |
| 25 | Lennar LEN | 7.1 M | $725M | 0.26% | no change |
| 26 | POOL POOL | 3.1 M | $702M | 0.26% | −11% |
| 27 | Amazon.com AMZN | 2.3 M | $525M | 0.19% | −77% |
| 28 | Louisiana-pacific LPX | 5.7 M | $457M | 0.17% | no change |
| 29 | Liberty Live Holdings LLYVA | 5.0 M | $406M | 0.15% | no change |
| 30 | New York Times NYT | 5.1 M | $352M | 0.13% | new |
| 31 | Heico HEI/A | 1.3 M | $327M | 0.12% | no change |
| 32 | Liberty Media FWONK | 3.0 M | $297M | 0.11% | new |
| 33 | Charter Communications CHTR | 1.1 M | $221M | 0.08% | no change |
| 34 | Lamar Advertising LAMR | 1.2 M | $152M | 0.06% | no change |
| 35 | Allegion ALLE | 780,133 | $124M | 0.05% | no change |
| 36 | NVR NVR | 11,112 | $81.0M | 0.03% | no change |
| 37 | Jefferies Financial Group JEF | 433,558 | $26.9M | 0.01% | no change |
| 38 | Diageo DEO | 227,750 | $19.6M | 0.01% | no change |
| 39 | Liberty Latin America LILA | 2.4 M | $17.7M | 0.01% | −8.9% |
| 40 | Lennar LEN/B | 180,980 | $17.2M | 0.01% | no change |
| 41 | Liberty Latin America LILAK | 1.3 M | $9.6M | 0.00% | no change |
| 42 | Atlanta Braves Holdings BATRK | 115,428 | $4.6M | 0.00% | −48% |
Positions it closed (1)
- Liberty Media was 0.12% · 3.0 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.