Warren Buffett
Berkshire Hathaway
Profile & Investment Philosophy
Warren Buffett, the "Oracle of Omaha," continues to lead Berkshire Hathaway through a historic transition period under Greg Abel. In Q1 2026, Buffett made headlines with a massive 200% increase in Berkshire's Alphabet position, making it a cornerstone of the portfolio alongside Apple. This move, coupled with a complete exit from Amazon and UnitedHealth, reflects a narrowing focus on high-conviction quality names and a consolidation of the firm's technology exposure.
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 Q1 2026 posture remains defensive. The Apple stake stands at 300 million shares after the 2024 trim, while Bank of America has been cut from 1.03 billion to around 600 million shares — over $10 billion sold since mid-2024. Net equity sales have continued for nine consecutive quarters. The $334 billion cash pile sits mostly in T-bills earning ~5%, generating roughly $17 billion in annual interest. New positions remain modest: Domino's Pizza, Pool Corp, and Constellation Brands suggest a tilt toward predictable cash-flow consumer names. Greg Abel takes the CEO chair on January 1, 2026, and the messaging signals capital discipline over deployment until valuations break. Berkshire continues to repurchase its own stock selectively.
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 2026-03-31Latest SEC Form 13F filing. Total portfolio value: $263 B. Holdings: 29 positions.
| Security | Shares | Δ vs Prev | Value ($) | Portfolio % |
|---|---|---|---|---|
| Apple Inc. | 228 M | — | $57.8 B | 22.0 % |
| American Express Co. | 152 M | — | $45.9 B | 17.4 % |
| Coca Cola Co. | 400 M | — | $30.4 B | 11.6 % |
| Bank America Corp. | 514 M | -0.7% | $25.0 B | 9.52 % |
| Chevron Corporation | 84.4 M | -35.2% | $17.5 B | 6.64 % |
| Occidental Pete Corp. | 265 M | — | $17.2 B | 6.55 % |
| Alphabet Inc. | 54.2 M | +204.0% | $15.6 B | 5.93 % |
| Chubb Ltd. Switz | 34.2 M | — | $11.2 B | 4.24 % |
| Moodys Corp. | 24.7 M | — | $10.8 B | 4.09 % |
| Kraft Heinz Co. | 326 M | — | $7.32 B | 2.78 % |
SOURCE: SEC Form 13F (2026-05-15). BMI Smart Money Tracker.