Berkshire Hathaway undertook notable adjustments to its 13F stock portfolio during the first quarter of 2026. The total valuation of its holdings decreased from roughly $274 billion to $263 billion, accompanied by a consolidation of its investment roster from 40 to 26 distinct positions. This period saw key shifts, including a significant increase in its stake in Alphabet (GOOGL) by 225%, substantial reductions in Chevron (CVX) holdings, and complete exits from positions in Amazon (AMZN), Domino’s (DPZ), and UnitedHealth (UNH). Furthermore, the company engaged in share repurchases amounting to $234 million at 144% of book value and continued to expand its investments in Chubb (CB) and the New York Times (NYT). The top five holdings—Apple, American Express, Coca-Cola, Bank of America, and Chevron—now constitute approximately 68% of the total portfolio, with Apple alone accounting for about 22%.
Berkshire Hathaway's Strategic Portfolio Refinement in Early 2026
In the initial quarter of 2026, the venerable investment firm Berkshire Hathaway, under the guidance of its leadership, executed a significant recalibration of its publicly disclosed stock portfolio. Documents filed with regulatory bodies reveal a strategic contraction in both the overall value and the breadth of its investments. Specifically, the portfolio's aggregate worth experienced a decline from an estimated $274 billion to $263 billion. Concurrently, the number of individual stock positions held was pruned from 40 to a more concentrated 26. This period was marked by several pivotal transactions:
- One of the most striking moves was a substantial increase in Berkshire Hathaway's investment in Alphabet (GOOGL), with an impressive 225% boost in its holdings.
- Conversely, the firm significantly scaled back its exposure to Chevron (CVX).
- Berkshire Hathaway opted for complete divestment from several prominent companies, concluding its stakes in e-commerce giant Amazon (AMZN), pizza chain Domino’s (DPZ), and healthcare provider UnitedHealth (UNH).
- In a demonstration of confidence in its own valuation, the company repurchased $234 million of its shares, valuing them at 144% of their book value.
- Additionally, Berkshire Hathaway continued to strategically bolster its positions in the insurance provider Chubb (CB) and the media conglomerate New York Times (NYT).
The refined portfolio now exhibits a heightened concentration in its largest holdings. The five primary investments—Apple, American Express, Coca-Cola, Bank of America, and Chevron—collectively represent approximately 68% of the total portfolio. Notably, Apple (AAPL) maintains its dominant position, accounting for around 22% of the entire portfolio, underscoring its pivotal role in Berkshire Hathaway's investment strategy.
This quarter's activities underscore Berkshire Hathaway's disciplined and adaptable investment philosophy. The clear trend toward consolidation and strategic re-weighting suggests a calculated effort to enhance focus and optimize returns in an evolving market landscape. The significant investment in technology giant Alphabet, alongside the divestment from other major players, reflects a dynamic approach to capital allocation. Moreover, the continued share repurchases signal a belief in the intrinsic value of the company itself, while the incremental building of positions in Chubb and the New York Times indicates long-term confidence in these sectors. For investors, these adjustments offer valuable insights into the thinking of one of the world's most successful investment houses, emphasizing the importance of strategic foresight and periodic portfolio re-evaluation.