Warren Buffett
Berkshire Hathaway
Profile & Investment Philosophy
Warren Buffett, the "Oracle of Omaha," continues to lead Berkshire Hathaway through its historic transition under Greg Abel. In Q2 2026 the disclosed equity book grew to $299 billion, and Alphabet was the story: Berkshire lifted its Class C stake by 45% and multiplied the Class A line more than sevenfold, taking the two together to roughly 12.6% of the portfolio - third place behind Apple and American Express. Buffett kept trimming financials (Bank of America -6%, Capital One -58%), exited Constellation Brands and leaned further into housing with a new D.R. Horton stake and a larger Lennar position.
Track Record
Berkshire Hathaway's book value compounded at roughly 19.8% annually from 1965-2023 versus 10.2% for the S&P 500 with dividends, turning a $1,000 investment in 1965 into over $43 million. Market cap crossed $1 trillion in August 2024, making Berkshire the first non-tech US company to reach that mark. Cash pile hit a record $325 billion in Q3 2024 and climbed to $334 billion by year-end. Buffett received the Presidential Medal of Freedom in 2011 and Forbes ranked him among the top 10 wealthiest people every year since 1993.
Signature Trades
Current Strategy (2026)
Buffett's Q2 2026 posture is defensive at the core and selectively aggressive at the edges. The disclosed equity book stands at $299 billion across 29 positions, with Apple (22%) and American Express (17%) untouched. The one big move was Alphabet: the Class C stake rose 45% and the Class A line grew more than sevenfold, lifting the two together to roughly 12.6% and past Coca-Cola into third place. Berkshire kept shrinking financials — Bank of America down another 6%, Capital One 58%, Nucor 53% — and sold out of Constellation Brands. Against that, it leaned into the domestic economy: a new D.R. Horton stake, Lennar up 30% and Delta up 44%. Greg Abel took the CEO chair on January 1, 2026, and the messaging still signals capital discipline over deployment until valuations break.
BMI Counter-Take
Buffett is doing what most retail investors should — selling high-priced winners and parking proceeds in 5% paper while waiting for a fat pitch. The flip side: $334 billion sitting in T-bills is a drag on book value compounding if equities run another 30%. BMI's view: the Apple trim was correct (concentration risk + tax planning), but cutting Bank of America during a regional-bank reset window looks like risk reduction rather than conviction. Greg Abel inherits a fortress balance sheet and zero major mistakes — but also a portfolio thirsty for deployment. We'd be ready to buy a market correction with both hands.
Current Portfolio
LATEST 13F 2026-06-30Latest SEC Form 13F filing. Total portfolio value: $299 B. Holdings: 29 positions.
| Security | Shares | Δ vs Prev | Value ($) | Portfolio % |
|---|---|---|---|---|
| Apple Inc. | 228 M | — | $66.0 B | 22.0 % |
| American Express Co. | 152 M | — | $51.3 B | 17.1 % |
| Coca Cola Co. | 400 M | — | $32.5 B | 10.9 % |
| Alphabet Inc. | 78.8 M | +45.2% | $28.2 B | 9.41 % |
| Bank Of Amer Corp. | 483 M | -5.9% | $27.5 B | 9.20 % |
| Chevron Corporation | 84.4 M | — | $14.0 B | 4.67 % |
| Occidental Pete Corp. | 265 M | — | $12.9 B | 4.30 % |
| Chubb Limited | 34.2 M | — | $11.7 B | 3.90 % |
| Moodys Corp. | 24.7 M | — | $11.2 B | 3.73 % |
| Alphabet Inc. | 27.2 M | +658.4% | $9.61 B | 3.21 % |
SOURCE: SEC Form 13F (2026-08-14). BMI Smart Money Tracker.