Key Morningstar Metrics for Berkshire Hathaway
- : USD 510Fair Value Estimate
- : ★★★Morningstar Rating
- : NarrowMorningstar Economic Moat Rating
- : LowMorningstar Uncertainty Rating
Berkshire Hathaway BRK.B reported a few more changes to its 13F equity investment portfolio for the second quarter, including selling stakes in more holdings we have historically ascribed to Todd Combs and Ted Weschler.
Why it matters: Berkshire’s quarterly 13F filing has historically provided insight into the company’s stock trading activity in the US markets.
- As of the end of June 2026, Berkshire had USD 299.3 billion in 13F reportable equity securities, including its US holdings but excluding foreign investments held abroad, such as the insurer’s stakes in the Japanese Sogo Shosha trading houses. Including those holdings, the insurer had USD 344.3 billion in stock holdings at the end of the second quarter.
- Based on Berkshire’s recent 10-Q filing, the company recorded net purchases of USD 19.8 billion (comprising USD 3.7 billion in reported sales and USD 23.5 billion in purchases) during the June quarter.
The bottom line: With Greg Abel taking over as CEO at the start of the year, we expected Berkshire to winnow the stock portfolio to fewer, more concentrated holdings. The firm moved faster than we expected, eliminating holdings we had ascribed to Todd Combs (who left at the end of last year) and to Ted Weschler during the first quarter, with a few holdovers sold in the June quarter.
- Among the major changes made during the second quarter were the sale of 30.2 million shares of Bank of America (for an estimated USD 1.6 billion), 9.3 million shares of Lennar Class A (USD 830 million), 4.2 million shares of Capital One (USD 795 million), and 11.0 million shares of Kroger (USD 700 million).
- Major purchases during the June quarter included another 24.5 million shares of Alphabet Class A (for an estimated USD 7.9 billion), 23.6 million additional shares of Alphabet Class C (USD 7.6 billion), 17.5 million additional shares of Delta Air Lines (USD 1.4 billion), and 12.4 million additional shares of Lennar Class B (USD 1.1 billion).
