Buffett’s Berkshire Keeps Over Half Its Equity Portfolio in Apple, American Express, and Alphabet

Although Warren Buffett handed over the chief executive role at Berkshire Hathaway at the close of last year, the bulk of his personal wealth remains tied to the conglomerate and the equity portfolio it manages. That portfolio continues to be heavily concentrated in three names: Apple, American Express, and Alphabet, which together account for more than half of Berkshire’s holdings.

Apple remains the anchor position, representing roughly 22% of the equity portfolio. The iPhone maker has long been favored for its durable business model and strong customer ecosystem. Its shares traded at $337.00 recently, up 1.07% from the prior close of $333.43, giving the consumer electronics giant a market capitalization of approximately $4.60 trillion.

Alphabet, the parent company of Google, is the newest major addition among the trio, with Berkshire building its stake in recent years. The company operates across three segments — Google Services, Google Cloud, and Other Bets — spanning search, advertising, cloud infrastructure, and experimental ventures. Its stock was recently quoted at $338.46, down 1.30% from a previous close of $342.93, with a market capitalization of roughly $4.14 trillion.

Together, Apple and Alphabet alone represent more than $8.7 trillion in combined market value, placing them among the largest publicly traded companies in the technology and communication services sectors. American Express, the financial services holding, rounds out the top three, though the two technology-linked names are the larger components.

The concentration underscores a continuing theme in Berkshire’s approach: substantial positions in a small number of large-capitalization businesses with entrenched competitive positions. It also highlights how closely the portfolio’s fortunes now track with the broader technology sector, given the weight of Apple and Alphabet within it.

Berkshire’s disclosure of its holdings remains a closely watched data point each quarter, as institutional and retail investors alike parse shifts in the portfolio for signals about how the conglomerate’s investment committee is positioning for changing market conditions — even as leadership has transitioned from Buffett to his successors.

What to watch

• Berkshire Hathaway’s next quarterly 13F filing, which will show any adjustments to its stakes in Apple, Alphabet, and American Express.
• Apple’s upcoming quarterly earnings report, including iPhone revenue trends and any product announcements.
• Alphabet’s next earnings release, particularly Google Cloud growth and advertising revenue performance.
• Commentary from Berkshire leadership on capital allocation following the CEO transition.

Source: original release