Selective portfolio activity — AI tilt, Chevron bigger, BYD exit, Sirius/NYT/Nucor/Chubb/Domino's/LAMR, Tokio; banks fragility
Key Questions
What is the size of Berkshire's equity portfolio and its AI exposure?
Berkshire's equity portfolio totals $274 billion, with 20.4-23% exposure to AI-related stocks. Key holdings include Apple at 23% ($56-62 billion), American Express, and Amazon.
Did Buffett regret trimming Apple shares?
Buffett admitted trimming Apple shares 'too soon' but remains happy to hold it as Berkshire's core position. He is not buying more at current levels.
How has Coca-Cola performed relative to Apple in 2026?
Coca-Cola holds 9.7-9.8% of the portfolio and is up 10% YTD, outperforming Apple in 2026. It remains a top pick alongside other stalwarts.
What concerns exist about Bank of America and banking fragility?
Bank of America stake reduced by 50% due to banking fragility, commercial real estate exposure at 12.34%, and risks from regulations and private credit cascades, as noted by Dimon.
Which energy stocks are prominent in Berkshire's portfolio?
Chevron increased to $17.5 billion, Occidental Petroleum at $17-27 billion, with energy comprising 14% of the portfolio. This ties to Hormuz risks and oil prices.
What recent portfolio additions or changes include Sirius XM, Chubb, and NYT?
Sirius XM at $2.9 billion, Chubb at $3.5 billion, New York Times with a dividend hike, plus holdings in Nucor, Domino's, LAMR, and Kraft Heinz at 27%. BYD was exited.
What is Alphabet's position in the portfolio?
Google (Alphabet) holds a $4.3 billion stake, with Amazon slashed. Apple remains the largest holding despite the trim.
What minor 13F changes were noted?
Strategic Blueprint reduced by 57%, while Leo Wealth increased by 74%. These reflect selective portfolio activity.
$274B equities/20.4-23% AI: AAPL 23% $56-62B regret trim 'too soon'/happy hold/not buying/Abel core/AXP/AMZN slashed/GOOGL $4.3B; KO 9.7-9.8% +10% YTD outperforming AAPL in 2026; BoA -50% fragility/CRE 12.34%/Dimon regs/private credit cascade risks; CVX $17.5B/OXY $17-27B/SIRI $2.9B/Chubb $3.5B/NYT div hike/KO +10%/KHC 27% hold; energy 14%/Hormuz $40B; minor 13F: Strategic Blueprint -57%, Leo Wealth +74%.