🚨 Berkshire Hathaway Just Bought This Stock!
This isn't Buffett's Berkshire Anymore...👋
Berkshire Hathaway recently released their latest Form 13F.
This was the first quarter ever where Berkshire Hathaway was not led by Warren Buffett.
Instead, the reins have been handed over to Greg Abel.
“I’d rather have Greg handling my money than any of the top investment advisors or any of the top CEOs of the United States.” - Warren Buffett
Greg Abel has been with Berkshire Hathaway since 2000.
Since then, Berkshire Hathaway has more than doubled the return of the S&P 500.
With that being said, some of the moves they made in the recent quarter were a bit shocking.
I spent hours reviewing it, and found 10 key takeaways for us to review. 👇
1. 📈 Buys and Sells
In the most recent quarter, Berkshire added to 4 existing positions and opened 3 (technically 2) new ones.
They reduced the size of 6 positions, and sold out of 16 entirely.
This reduced Berkshire’s positions from around 41, down to 29.
2. 🔻 Berkshire is a Net Seller of Stocks
For over 3 years, Berkshire has been a net seller of stocks every quarter.
While the official amount isn’t public, here is my rough math for Q1 2026 based on average prices for the stocks they bought and sold:
🟢 Total Buys ≈ $17.6B
🔴 Total Sells ≈ $22.6B
That’s net outflows of around $5 billion.
For reference, this is the most amount of trading activity Berkshire has seen in years.
3. 💵 Berkshire’s MASSIVE Cash Pile
Berkshire’s cash position is now sitting right at $400 billion.
That’s enough to buy 478 different S&P 500 companies outright.
This puts them at a near 60% cash position.
Let's be honest.
There is only one reason you would sit on that much cash...
4. ❌ Exiting UnitedHealth Group
Buffett shocked investors in 2025 when he opened a position in UnitedHealth Group 3 quarters ago.
What’s equally as shocking, is the fact they exited the position last quarter.
UNH is up 26% in the last year.
However, keep in mind Berkshire sold this position in Q1 of this year (before the recent run up), meaning it’s difficult to know if Berkshire actually generated a positive return on this position.
It’s clear that Greg Abel did not agree with the UNH position.
Keep in mind that Todd Combs (who was one of three investment managers at Berkshire along with Greg Abel and Buffett) left Berkshire in December, and the UNH addition very well could have been his decision.
5. 📊 Buy and Hold Forever?
Buffett has stated many times before that Berkshire’s favorite holding period is forever.
There are certainly some stocks in the Berkshire portfolio that have been held for many years.
However, that is certainly not the case for the majority of stocks in their portfolio.
In fact, the top 20 holdings in their portfolio have only been held for a little over 7 years on average.
Many stocks that have recently been exited were held for less than 2 years.
In the last year, he added capital to stocks like Dominos, Chubb Limited, and Lamar Advertising.
What do the stocks all have in common?
They were in the midst of a major dip when Buffett bought.
Buying during major dips isn’t just a Buffett habit, the data actually backs it up.
The chart above shows recovery rates for thousands of stocks since 1985, and the pattern is clear:
Stocks down 55-60% recover 74% of the time.
Stocks down 65-70% recover 67% of the time.
Stocks down 75-80% recover 62% of the time
This is why buying the dip (on high quality businesses) can actually be so effective.
Buying the right dips actually puts the long-term probabilities on your side.
6. 🛒 TRIPLING the Google Position
Buffett was asked about Google stock in an interview a few years ago, to which he stated-
“…The margins are incredible… I should’ve bought Google…”
In one of his final moves before retirement, Buffett added Google to his portfolio.
His original buy price was in the range of $180 - $255.
Berkshire recently tripled their position, adding capital somewhere between $273 - $345.
This addition has already paid off, with Google now trading at $384 a share, up 22.5% year to date.
The average analyst price target is $436, implying almost 14% upside still.
7. 🏛️ Berkshire Is Still Betting on Financials and Tech
Financials and Technology together make up 64.53% of Buffett’s portfolio, which is even higher than last quarter.
The capital added to Google was a major driver of the tech position increasing-
As well as the fact that Apple and Google have seen significant share price appreciation year to date.
8. 📉Outperformance is Dwindling
Buffett is the greatest of all time.
But the law of large numbers is kicking in.
Berkshire has outperformed in every decade, but that outperformance has started to grow smaller.
And in the 2020s, Berkshire has underperformed the S&P 500.
S&P 500: 128.55%
Berkshire Hathaway: 110.16%
9. 🎯 Berkshire’s Big Bets
There are currently 29 holdings in the Berkshire portfolio.
Berkshire’s top 10 holdings make up 90.72% of their portfolio.
The top 5 holdings make up 67.14% of the portfolio.
10. 💸 Berkshire’s Portfolio
Here is Berkshire Hathaway’s entire portfolio as of the most recent 13F filing.
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Berkshire is done.