Photography by Getty Images; Illustration by Bankrate
Warren Buffett is arguably the world’s most famous investor, and his investment moves are closely followed. Each quarter, the company he runs, Berkshire Hathaway (BRK.A) (BRK.B), discloses its current stock holdings to shareholders.
Buffett stunned the investing world at the company’s annual meeting in early May when he announced he would step down as Berkshire’s CEO at the end of 2025. Longtime Berkshire executive Greg Abel will take over as CEO on Jan. 1, 2026. Buffett’s 60-year reign atop Berkshire led to one of the greatest stock performances of all time.
Here are some of the changes Buffett and his two investment officers, Todd Combs and Ted Weschler, made during the first quarter, according to the latest 13F regulatory filing with the Securities and Exchange Commission (SEC). The holdings are reported as of March 31, 2025.
Berkshire Hathaway’s portfolio holdings: Where Buffett & Co. are buying/adding
| Stock | Position change | Value (3/31/25) |
|---|---|---|
| Pool Corp. (POOL) | Increased 144.5 percent | $466.1 million |
| Constellation Brands (STZ) | Increased 113.5 percent | $2.2 billion |
| Heico Corp. Class A (HEI.A) | Increased 10.7 percent | $245.2 million |
| Domino’s Pizza (DPZ) | Increased 10.0 percent | $1.2 billion |
| SiriusXM Holdings (SIRI) | Increased 2.0 percent | $2.7 billion |
| Occidental Petroleum (OXY) | Increased 0.3 percent | $13.1 billion |
| Verisign (VRSN) | Increased 0.1 percent | $3.4 billion |
Source: Berkshire Hathaway SEC filings
Berkshire Hathaway’s portfolio holdings: Where Buffett & Co. are selling
| Stock | Position change | Value (3/31/25) |
|---|---|---|
| Citigroup (C) | Eliminated | $0 |
| Nu Holdings (NU) | Eliminated | $0 |
| Liberty Media Formula One Series C (FWONK) | Reduced 48.4 percent | $316.1 million |
| T-Mobile US (TMUS) | Reduced 10.7 percent | $1.0 billion |
| Bank of America (BAC) | Reduced 7.2 percent | $26.4 billion |
| Capital One Financial (COF) | Reduced 4.0 percent | $1.3 billion |
| DaVita HealthCare Partners (DVA) | Reduced 2.6 percent | $5.4 billion |
| Charter Communications (CHTR) | Reduced 0.4 percent | $731.3 million |
Source: Berkshire Hathaway SEC filings
Top stock holdings in Buffett’s portfolio
Berkshire takes a concentrated approach with its investments, typically holding the majority of its portfolio in just a few companies. Its largest holdings at the end of the first quarter accounted for about 70 percent of the portfolio’s value, and included these top five positions (valuations as of March 31, 2025):
- Apple (AAPL) – $66.6 billion
- American Express (AXP) – $40.8 billion
- Coca-Cola (KO) – $28.6 billion
- Bank of America (BAC) – $26.4 billion
- Chevron (CVX) – $19.8 billion
Buffett hasn’t repurchased any Berkshire stock since the second quarter of 2024. Buffett likes stock buybacks because they can create value for continuing shareholders, but he only implements them when the company has excess cash and the shares are selling below a conservative estimate of the company’s intrinsic value. Berkshire had nearly $350 billion in cash at the end of the first quarter, but its shares have risen about 12 percent in 2025 compared to the S&P 500, which is essentially flat.
Need an advisor?
Need expert guidance when it comes to managing your investments or planning for retirement?
Bankrate’s AdvisorMatch can connect you to a CFP® professional to help you achieve your financial goals.
Bottom line
Buffett and Berkshire have an excellent track record in selecting long-term investments, but be sure to research any investments thoroughly before investing yourself. Even stocks owned by legendary investors decline, and you’ll need to understand the businesses you’re invested in well enough to make a buy, hold or sell decision on your own.
Related: 8 of the best Warren Buffett quotes of all time
Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.
Read the full article here
