Berkshire Hathaway 13F holdings, Q4 2011
Berkshire Hathaway disclosed 34 US equity positions worth $66.2bn in its Q4 2011 13F filing. Its largest position is KO at 21.2% of the reported book, followed by IBM and WFC. Versus Q3 2011 it opened 2 new positions, added to 8, reduced 2 and exited 1.
- $66.2bn
- Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
- 34
- Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
- 21.2%
- Largest position The largest single position as a share of the reported equity book.
- 90.8%
- Top 10 weight The ten largest positions together, as a share of the reported equity book.
- 8
- Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
- 111
- Quarters on file since Q4 1998 Quarters for which this manager's 13F holdings are on record.
Holdings
Against Q3 2011: 2 new, 8 added, 2 reduced, 1 exited
| KO COCA COLA CO | 21.2% | 0.0% | held |
| IBM INTERNATIONAL BUSINESS MACHS | 17.8% | +11% | added |
| WFC WELLS FARGO & CO | 16.0% | +6.2% | added |
| AXP AMERICAN EXPRESS CO | 10.8% | 0.0% | held |
| PG PROCTER & GAMBLE CO | 7.7% | 0.0% | held |
| Inc no ticker | 4.9% | −3.0% | reduced |
| WMT WALMART INC | 3.5% | 0.0% | held |
| COP CONOCOPHILLIPS | 3.2% | 0.0% | held |
| JNJ JOHNSON & JOHNSON | 2.9% | −23% | reduced |
| USB US BANCORP | 2.8% | 0.0% | held |
| MCO MOODYS CORP | 1.4% | 0.0% | held |
| Directv........ CLA no ticker | 1.3% | +379% | added |
| Post Co...... CLB no ticker | 1.0% | 0.0% | held |
| MTB M & T BK CORP | 0.6% | 0.0% | held |
| COST COSTCO WHOLESALE CORPORATION | 0.5% | 0.0% | held |
| V VISA INC | 0.4% | +25% | added |
| CVS CVS HEALTH CORP | 0.4% | +26% | added |
| INTC INTEL CORP | 0.4% | +23% | added |
| GD GENERAL DYNAMICS CORP | 0.4% | +27% | added |
| DVA DAVITA INC | 0.3% | – | new |
| DG DOLLAR GEN CORP | 0.3% | 0.0% | held |
| TMK TORCHMARK CORP | 0.3% | 0.0% | held |
| U S G CORP no ticker | 0.3% | 0.0% | held |
| MA MASTERCARD INC | 0.2% | 0.0% | held |
| SNY SANOFI SA | 0.2% | 0.0% | held |
| GE GENERAL ELECTRIC CO | 0.2% | 0.0% | held |
| VRSK VERISK ANALYTICS INC | 0.2% | +64% | added |
| Corp no ticker | 0.2% | – | new |
| UPS UNITED PARCEL SERVICE INC | 0.2% | 0.0% | held |
| GSK PLC no ticker | 0.1% | 0.0% | held |
| BNY BANK OF NY MELLON CORP | 0.05% | 0.0% | held |
| GANNETT INC no ticker | 0.04% | 0.0% | held |
| LTD.......... CLA no ticker | 0.03% | 0.0% | held |
| Co no ticker | 0.01% | 0.0% | held |
Exited since Q3 2011
| EXMOC EXXON MOBIL CORP | 0.05% | $30.6m |
Sector mix
Book over time
Every quarter on file (111)
| Quarter | Positions | Equity book |
|---|---|---|
| Q2 2026 | 29 | $299bn |
| Q1 2026 | 29 | $263bn |
| Q4 2025 | 40 | $274bn |
| Q3 2025 | 40 | $267bn |
| Q2 2025 | 40 | $258bn |
| Q1 2025 | 38 | $260bn |
| Q4 2024 | 37 | $267bn |
| Q3 2024 | 39 | $266bn |
| Q2 2024 | 40 | $280bn |
| Q1 2024 | 40 | $332bn |
| Q4 2023 | 41 | $352bn |
| Q3 2023 | 45 | $315bn |
| Q2 2023 | 47 | $348bn |
| Q1 2023 | 47 | $325bn |
| Q4 2022 | 48 | $299bn |
| Q3 2022 | 48 | $296bn |
| Q2 2022 | 46 | $300bn |
| Q1 2022 | 48 | $364bn |
| Q4 2021 | 43 | $331bn |
| Q3 2021 | 42 | $293bn |
| Q2 2021 | 43 | $293bn |
| Q1 2021 | 45 | $270bn |
| Q4 2020 | 46 | $270bn |
| Q3 2020 | 51 | $236bn |
| Q2 2020 | 43 | $202bn |
| Q1 2020 | 49 | $176bn |
| Q4 2019 | 51 | $242bn |
| Q3 2019 | 47 | $215bn |
| Q2 2019 | 46 | $208bn |
| Q1 2019 | 47 | $199bn |
| Q4 2018 | 47 | $183bn |
| Q3 2018 | 45 | $221bn |
| Q2 2018 | 43 | $196bn |
| Q1 2018 | 45 | $189bn |
| Q4 2017 | 48 | $191bn |
| Q3 2017 | 47 | $178bn |
| Q2 2017 | 47 | $162bn |
| Q1 2017 | 46 | $162bn |
| Q4 2016 | 47 | $148bn |
| Q3 2016 | 50 | $129bn |
| Q2 2016 | 49 | $130bn |
| Q1 2016 | 47 | $129bn |
| Q4 2015 | 48 | $132bn |
| Q3 2015 | 48 | $127bn |
| Q2 2015 | 47 | $110bn |
| Q1 2015 | 47 | $107bn |
| Q4 2014 | 47 | $109bn |
| Q3 2014 | 48 | $108bn |
| Q2 2014 | 46 | $108bn |
| Q1 2014 | 45 | $106bn |
| Q4 2013 | 43 | $105bn |
| Q3 2013 | 43 | $92.0bn |
| Q2 2013 | 43 | $91.9bn |
| Q1 2013 | 33 | $79.7bn |
| Q4 2012 | 37 | $72.8bn |
| Q3 2012 | 33 | $70.4bn |
| Q2 2012 | 28 | $69.1bn |
| Q1 2012 | 27 | $71.1bn |
| Q4 2011 | 34 | $66.2bn |
| Q3 2011 | 33 | $59.1bn |
| Q2 2011 | 28 | $56.6bn |
| Q1 2011 | 27 | $54.3bn |
| Q4 2010 | 25 | $52.6bn |
| Q3 2010 | 33 | $48.6bn |
| Q2 2010 | 37 | $46.4bn |
| Q1 2010 | 36 | $50.9bn |
| Q4 2009 | 41 | $57.9bn |
| Q3 2009 | 43 | $56.5bn |
| Q2 2009 | 41 | $48.8bn |
| Q1 2009 | 40 | $40.7bn |
| Q4 2008 | 40 | $51.7bn |
| Q3 2008 | 39 | $69.7bn |
| Q2 2008 | 38 | $63.3bn |
| Q1 2008 | 38 | $66.2bn |
| Q4 2007 | 39 | $68.4bn |
| Q3 2007 | 39 | $69.2bn |
| Q2 2007 | 41 | $64.2bn |
| Q1 2007 | 40 | $57.4bn |
| Q4 2006 | 40 | $54.9bn |
| Q3 2006 | 42 | $50.9bn |
| Q2 2006 | 38 | $47.6bn |
| Q1 2006 | 38 | $46.1bn |
| Q4 2005 | 35 | $43.2bn |
| Q3 2005 | 36 | $42.0bn |
| Q2 2005 | 36 | $39.0bn |
| Q1 2005 | 31 | $37.4bn |
| Q4 2004 | 30 | $36.5bn |
| Q3 2004 | 29 | $34.2bn |
| Q2 2004 | 30 | $36.2bn |
| Q1 2004 | 28 | $35.8bn |
| Q4 2003 | 30 | $34.8bn |
| Q3 2003 | 33 | $31.0bn |
| Q2 2003 | 35 | $31.3bn |
| Q1 2003 | 36 | $27.3bn |
| Q4 2002 | 35 | $28.3bn |
| Q3 2002 | 33 | $27.9bn |
| Q2 2002 | 30 | $31.1bn |
| Q1 2002 | 30 | $31.3bn |
| Q4 2001 | 34 | $29.1bn |
| Q3 2001 | 32 | $27.2bn |
| Q2 2001 | 35 | $29.6bn |
| Q1 2001 | 36 | $30.5bn |
| Q4 2000 | 39 | $37.4bn |
| Q3 2000 | 34 | $35.8bn |
| Q2 2000 | 35 | $34.1bn |
| Q1 2000 | 32 | $33.5bn |
| Q4 1999 | 29 | $37.2bn |
| Q3 1999 | 31 | $32.5bn |
| Q2 1999 | 30 | $37.1bn |
| Q1 1999 | 32 | $38.0bn |
| Q4 1998 | 29 | $38.1bn |
Where Berkshire Hathaway was early
| CB CHUBB LIMITED | Q1 1999 | 1 of 161 | 0.4% | Held at last filing, Q2 2026 | +993% |
| WFC WELLS FARGO & CO NEW | Q1 1999 | 1 of 212 | 6.2% | Exited by Q1 2022 | +174% |
| GATX GATX Corp | Q4 1999 | 2 of 96 | 0.2% | Exited by Q3 2003 | −52% |
| COST COSTCO WHSL CORP NEW | Q2 2000 | 1 of 177 | 2.1% | Exited by Q3 2020 | +819% |
| SJR/BEUR tions Inc | Q2 2000 | 1 of 85 | 1.0% | Exited by Q4 2005 | – |
| GAP Gap Inc | Q2 2000 | 2 of 158 | 0.2% | Exited by Q2 2006 | −40% |
| HRB Block H & R | Q2 2000 | 2 of 123 | 0.4% | Exited by Q2 2007 | +160% |
| MCO MOODYS CORP | Q4 2000 | 2 of 176 | 1.6% | Held at last filing, Q2 2026 | +3426% |
| USB US BANCORP DEL | Q1 2001 | 1 of 162 | 1.1% | Exited by Q1 2023 | +88% |
| PG PROCTER & GAMBLE CO | Q1 2005 | 3 of 164 | 0.09% | Exited by Q3 2023 | +186% |
| AMP Inc | Q3 2005 | 1 of 118 | 2.6% | Exited by Q1 2008 | +54% |
| COP CONOCOPHILLIPS | Q4 2005 | 3 of 155 | 1.3% | Exited by Q4 2014 | +73% |
| JNJ JOHNSON & JOHNSON | Q1 2006 | 3 of 169 | 0.3% | Exited by Q3 2023 | +180% |
| UNP Union Pacific Corp | Q3 2006 | 5 of 211 | 0.5% | Exited by Q4 2009 | +33% |
| EXMOC EXXON MOBIL CORP | Q2 2009 | 10 of 193 | 0.1% | Exited by Q4 2014 | +35% |
| IBM INTERNATIONAL BUSINESS MACHS | Q1 2011 | 3 of 168 | 1.4% | Exited by Q1 2018 | −5.9% |
| DVA DAVITA INC | Q4 2011 | 4 of 133 | 0.3% | Held at last filing, Q2 2026 | +487% |
| GM GENERAL MTRS CO | Q1 2012 | 10 of 169 | 0.4% | Exited by Q3 2023 | +50% |
| PSX PHILLIPS 66 | Q2 2012 | 1 of 161 | 1.3% | Exited by Q1 2020 | +235% |
| DE DEERE & CO | Q3 2012 | 3 of 185 | 0.5% | Exited by Q4 2016 | +3.5% |
| GHC GRAHAM HLDGS CO | Q4 2013 | 3 of 112 | 1.1% | Exited by Q1 2018 | +39% |
| GS GOLDMAN SACHS GROUP INC | Q4 2013 | 15 of 229 | 2.1% | Exited by Q2 2020 | −13% |
| KHC KRAFT HEINZ CO | Q3 2015 | 1 of 173 | 18.0% | Held at last filing, Q2 2026 | −67% |
| T AT&T INC | Q3 2015 | 14 of 217 | 1.5% | Exited by Q1 2016 | +5.6% |
| UAL UNITED CONTL HLDGS INC | Q3 2016 | 19 of 189 | 0.2% | Exited by Q2 2020 | −40% |
| LUV SOUTHWEST AIRLS CO | Q4 2016 | 14 of 175 | 1.5% | Exited by Q2 2020 | −29% |
Concentration and tenure
- 23.7%
- Median largest position, all quarters The largest single position as a share of the reported equity book.
- 87.3%
- Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
- Concentrated
- Style, by median largest position
- 9
- Median completed holding, quarters