Warren Buffett remains one of the most respected investors of the modern era. As chairman and CEO of Berkshire Hathaway, he has built an investment philosophy grounded in long-term value, business durability, and disciplined capital allocation. While trends come and go, Buffett continues to focus on owning high-quality companies with strong management, reliable earnings, and deep competitive moats.
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His worldview prioritizes patience over prediction. Rather than chasing quarterly headlines or short-term gains, Buffett has consistently emphasized the power of compounding and the importance of understanding a business before owning it. Berkshire’s public equity portfolio still reflects Buffett’s core principles: concentration in trusted names, a bias toward cash-flow-rich companies, and the willingness to sit on large amounts of cash when opportunities appear scarce.
With over $360 billion in publicly disclosed U.S. equities as of March 31, 2025, Berkshire Hathaway’s latest 13F filing offers a steady, transparent look at how one of the world’s most iconic investors continues to navigate an ever-changing market landscape. Below are the holdings that currently define Berkshire’s approach to public equity investing in 2025.
1. Apple (AAPL) 23.64% of portfolio
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Apple remains Berkshire Hathaway’s largest holding by a significant margin, representing 23.64% of the portfolio with a market value of approximately $66.6 billion across 300 million shares. This position represents 2.02% of Apple’s total outstanding shares, making Berkshire one of the tech giant’s most significant institutional investors.
Buffett’s unwavering commitment to Apple reflects his evolution from a traditional value investor to recognizing the power of technology companies with durable competitive advantages. The iPhone ecosystem creates extraordinary customer loyalty and pricing power, qualities that align perfectly with Buffett’s investment criteria of businesses with wide economic moats.
The massive Apple position also demonstrates Buffett’s conviction in concentrated investing when he finds exceptional businesses. Rather than diversifying for diversification’s sake, he’s willing to let his best ideas represent substantial portions of the portfolio, embodying his famous principle that “diversification is protection against ignorance.”
2. American Express (AXP) 14.47% of portfolio
American Express holds the second-largest position in Berkshire’s portfolio, valued at $40.8 billion and representing 14.47% of total holdings with nearly 152 million shares. This represents an impressive 21.79% of American Express’s outstanding shares, reflecting a decades-long relationship and deep conviction in the business model.
Buffett has often praised American Express for its dual nature as both a payments network and a lending business, creating multiple revenue streams and customer touchpoints. The company’s focus on affluent customers provides stability during economic downturns and pricing power during expansions.
This substantial stake in American Express showcases Buffett’s preference for financial services companies that he deeply understands. The position has been a cornerstone of Berkshire’s portfolio for years, demonstrating the “buy and hold forever” mentality that has made Buffett legendary among long-term investors.
3. Pool Corp (POOL) 0.17% of portfolio
Pool Corp represents a focused investment in Berkshire Hathaway’s portfolio, valued at $466.1 million and comprising 0.17% of total holdings through 1.46 million shares. The position reflects 3.92% of Pool Corp’s outstanding shares, with Berkshire adding over 865,000 shares during the quarter, a substantial 144.53% increase that demonstrates confidence in this specialty distributor.
This position built in Pool Corp showcases Buffett’s eye for businesses with dominant market positions in niche industries. The company operates as the leading distributor of swimming pool supplies, equipment, and related products, benefiting from a fragmented customer base and specialized distribution network that creates barriers to entry. These characteristics generate steady cash flows and pricing power typical of Berkshire’s preferred investment targets.
The significant increase in Pool Corp shares reflects Berkshire’s strategy of building meaningful stakes when attractive opportunities present themselves. The investment capitalizes on the residential pool industry’s resilience and Pool Corp’s market-leading position, demonstrating how Buffett continues to find value in specialized businesses that dominate their respective niches while generating predictable returns through various economic environments.
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4. Visa (V) 1.03% of portfolio
Visa represents a smaller but strategically important position in Berkshire Hathaway’s portfolio, valued at $2.9 billion and comprising 1.03% of total holdings through approximately 8.3 million shares. This stake represents 0.49% of Visa’s outstanding shares, reflecting a measured but meaningful investment in the global payments infrastructure. Buffett’s investment in Visa aligns perfectly with his preference for businesses with exceptional competitive moats and predictable cash flows.
Visa operates as a toll bridge in the global payments ecosystem, collecting fees on virtually every transaction without taking credit risk, a business model that generates extraordinary returns on capital with minimal physical infrastructure requirements.
The Visa position demonstrates Buffett’s recognition of the shift toward digital payments. It also showcases Berkshire’s ability to identify companies that benefit from long-term technological trends without being purely speculative plays. Visa combines the growth characteristics of a tech company with the predictable cash generation that Buffett values, making it an ideal bridge between traditional value investing and modern business models that dominate today’s economy.
5. Constellation Brands (STZ) 0.78% of portfolio
Constellation Brands represents a notable new addition to Berkshire Hathaway’s portfolio, valued at $2.2 billion and comprising 0.78% of total holdings through 12 million shares. The position reflects 6.81% of Constellation’s outstanding shares, with Berkshire adding over 6.4 million shares during the previous quarter, a substantial 113.52% increase that signals firm conviction in this consumer staples play.
This significant position built in Constellation demonstrates Buffett’s continued interest in consumer brands with pricing power and market-leading positions. The company’s portfolio includes premium beer brands like Corona and Modelo, along with wine and spirits operations that benefit from strong brand loyalty and distribution networks. These characteristics align with Buffett’s preference for businesses with durable competitive advantages and predictable cash flows.
The substantial increase in Constellation shares also showcases Berkshire’s willingness to move decisively when attractive opportunities arise. The investment reflects confidence in the alcoholic beverage industry’s resilience and Constellation’s ability to generate consistent returns through economic cycles, embodying the patient capital approach that has defined Buffett’s most successful investments over the decades.
Warren Buffett Sticks to Quality Over Market Trends
Warren Buffett’s investment approach remains anchored in business fundamentals rather than market momentum or trading opportunities. As Berkshire Hathaway’s legendary leader, he has built his strategy on identifying exceptional businesses with durable competitive advantages and holding them for decades. The firm focuses on how management quality, brand strength, cash generation, and competitive positioning create long-term shareholder value regardless of short-term market fluctuations.
Berkshire’s concentrated portfolio reflects this philosophy, heavy on American blue-chip companies, diversified across essential sectors, and occasionally punctuated by bold moves into technology leaders like Apple or energy plays like Chevron when valuations become attractive.
For investors, the firm’s holdings reveal a disciplined, bottom-up analysis of individual businesses and a preference for sustainable competitive advantages over speculative growth stories or market timing strategies.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
