In the third quarter of 2025, there were again significant shifts in the portfolio of Warren Buffett’s investment company Berkshire Hathaway. New tech positions were created and a large shareholding was reduced.
U.S. Securities and Exchange Commission (SEC) regulations require institutional investors managing more than $100 million in assets to file Form 13F quarterly to disclose their stock investments. Star investor Warren Buffett and his investment company Berkshire Hathaway are also subject to this obligation. The data for the end of the third quarter of 2025 was published on November 14, 2025.
The release of the 13F data coincided with the announcement of a gradual withdrawal by the legendary investor. In a letter to shareholders dated November 10, 2025, the 95-year-old Buffett announced that he would no longer write annual letters in the future and would cut back on shareholder meetings. Berkshire Hathaway’s operational management will gradually be transferred to his deputy, Greg Abel.
The holding company reported stable business figures for the quarter as early as November 3, 2025: Earnings per A share were $21,413, which significantly exceeded analysts’ expectations. Group sales amounted to $94.972 billion.
Alphabet Entry and Apple Reduction: The Buys and Sells of the Oracle of Omaha
In the last quarter of the year, Warren Buffett made significant adjustments to his portfolio. The largest single investment was building a position in the A-shares of tech giant Alphabet. This new investment made it directly into the holding’s 15 largest holdings.
The largest selling position in the third quarter was in Apple shares. The star investor separated from a significant share of the stake in the technology group. In addition, Berkshire Hathaway has completely liquidated the position in the securities of the residential builder DR Horton, which was only built up in the second quarter of 2025, thereby completely ending the investment.
Editorial team finanzen.net
16th place: The ranking
Investors managing more than $100 million in assets are required by U.S. Securities and Exchange Commission (SEC) regulations to file quarterly reports on their investments. This is done using the 13F form, which is then publicly viewable. Berkshire Hathaway, Warren Buffett’s investment company, also meets these requirements with a portfolio worth around $267.33 billion. The following ranking lists the 15 largest stock positions that were in Buffett’s portfolio in the third quarter of 2025, weighted according to their percentage share of the total portfolio. The data is as of September 30, 2025.
Source: sec.gov, Image: istockphoto / EdStock
15th place: VeriSign
VeriSign is in 15th place and is the last position in the ranking. In the previous quarter, the company was in eleventh place. Berkshire massively reduced its holdings by 4,300,000 shares (32.36 percent). The remaining 8,989,880 stocks represent 0.94 percent of the total portfolio, with a value of $2.51 billion.
Source: sec.gov, Image: Pavel Kapysh / Shutterstock.com
14th place: Visa
The shares of the credit card provider Visa are in 14th place. The position remained unchanged at 8,297,460 shares, representing 1.06 percent of Buffett’s investment vehicle’s total portfolio and worth $2.83 billion.
Source: sec.gov, Image: Olga Kolos / Shutterstock.com
13th place: Sirius XM
The media service provider Sirius XM jumps up one place to 13th place. Berkshire bought 5,030,425 additional shares (+4.20 percent). The 124,807,117 shares now held make up 1.09 percent of the portfolio, with a value of $2.90 billion.
Source: sec.gov, Image: T. Schneider / Shutterstock.com
12th place: Kroger
The supermarket chain Kroger maintains its twelfth place. The 50 million shares remained unchanged in the portfolio and represent 1.26 percent of the portfolio, which is worth $3.37 billion.
Source: sec.gov, Image: Jonathan Weiss / Shutterstock.com
11th place: DaVita
The healthcare provider DaVita slipped to eleventh place with a portfolio share of 1.60 percent. Berkshire sold 1,635,962 shares (4.84 percent). The remaining 32,160,579 titles are worth $4.27 billion at the end of September.
Source: sec.gov, Image: photo-denver / Shutterstock.com
10th place: Alphabet A
The A share of Google parent Alphabet is new in the top 10. The position was built up by purchasing 17,846,142 shares. It now makes up 1.62 percent of the portfolio, with a value of $4.34 billion.
Source: sec.gov, Image: Fenixx666 / Shutterstock.com
9th place: Kraft Heinz
The food company Kraft Heinz slipped to ninth place (previous quarter: 8th place). The 325,634,818 shares held have not been changed and represent 3.17 percent of the portfolio, with a value of $8.48 billion.
Source: sec.gov, Image: JHVEPhoto / Shutterstock.com
8th place: Chubb
The insurance group Chubb climbs one place thanks to acquisitions. Berkshire increased its shares by 4,299,111 (15.90 percent). The 31,332,895 securities now represent 3.31 percent of the portfolio, with a total value of $8.84 billion.
Source: sec.gov, Image: T. Schneider / Shutterstock.com
7th place: Moody’s
The rating and analysis company Moody’s also fell one place. The 24,669,778 shares have not been changed and make up 4.40 percent of the portfolio, with a value of $11.75 billion.
Source: sec.gov, Image: iStockphoto/SeanShot
6th place: Occidental Petroleum
The stake in Occidental Petroleum also remained unchanged. The oil producer’s 264,941,431 securities represent 4.68 percent of the portfolio and are worth $12.52 billion.
Source: sec.gov, Image: Casimiro PT / Shutterstock.com
5th place: Chevron
The position of the energy company Chevron remains in fifth place. The 122,064,792 shares remained unchanged and are weighted with a value of 18.96 billion US dollars, which corresponds to a portfolio share of 7.09 percent.
Source: sec.gov, Image: Lowe Llaguno / Shutterstock.com
4th place: Coca-Cola
In fourth place is the consumer goods giant and Buffett’s favorite drink: Coca-Cola. The 400 million shares remained unchanged in the portfolio and represent a value of 26.53 billion US dollars, which corresponds to a share of 9.92 percent.
Source: sec.gov, Image: oneinchpunch / Shutterstock.com
3rd place: Bank of America
The stake in Bank of America is in third place with 10.96 percent of the total portfolio. Berkshire Hathaway reduced the position by 37,197,363 shares (6.15 percent). The remaining 568,070,012 securities are valued at $29.31 billion.
Source: sec.gov, Image: Northfoto / Shutterstock.com
2nd place: American Express
The shares of the credit card provider American Express secured the silver medal with a deposit share of 18.84 percent. The position remained unchanged, with the 151,610,700 shares representing a total value of $50.36 billion.
Source: sec.gov, Image: Gordon Bell / Shutterstock.com
1st place: Apple
The undisputed largest position is the tech giant Apple. Despite the sale of 41,787,236 shares (a reduction of 14.92 percent), Berkshire Hathaway holds a massive portfolio stake of 22.69 percent. The remaining 238,212,764 securities were worth an impressive $60.66 billion as of the reporting date.
Source: sec.gov, Image: Marek Szandurski / Shutterstock.com
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