BERKSHIRE HATHAWAY INC Long-Term Concentrated

CIK: 0001067983 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $274,160,087 (100.0% shares, 0.0% debt)

Holdings (42)

New Positions (4)

LLYVK LIBERTY LIVE HOLDINGS INC 0.3%

Value ($000) $907,913 Shares 10,917,661 Est. Cost $85.87 Unrealized 0.0%

LLYVA LIBERTY LIVE HOLDINGS INC 0.1%

Value ($000) $406,407 Shares 4,986,588 Est. Cost $83.24 Unrealized 0.0%

NYT NEW YORK TIMES CO 0.1%

Value ($000) $351,664 Shares 5,065,744 Est. Cost $61.82 Unrealized 0.0%

FWONK LIBERTY MEDIA CORP DEL 0.1%

Value ($000) $297,358 Shares 3,018,555 Est. Cost $98.51 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLYVK	LIBERTY LIVE HOLDINGS INC	10,917,661	$907,913	0.3%	$85.87	0.0%	COM SHS SER C	530909308
LLYVA	LIBERTY LIVE HOLDINGS INC	4,986,588	$406,407	0.1%	$83.24	0.0%	COM SER A	530909100
NYT	NEW YORK TIMES CO	5,065,744	$351,664	0.1%	$61.82	0.0%	CL A	650111107
FWONK	LIBERTY MEDIA CORP DEL	3,018,555	$297,358	0.1%	$98.51	—	COM LBTY ONE S C	531229755

Increased Positions (3)

CB CHUBB LIMITED 3.9%

Value ($000) $10,689,855 (+20.9%) Shares 34,249,183 (+9.3%) Est. Cost $230.06 Unrealized +27.1%

CVX CHEVRON CORP NEW 7.2%

Value ($000) $19,837,131 (+4.7%) Shares 130,156,362 (+6.6%) Est. Cost $118.47 Unrealized +27.8%

DPZ DOMINOS PIZZA INC 0.5%

Value ($000) $1,396,347 (+8.5%) Shares 3,350,000 (+12.3%) Est. Cost $429.44 Unrealized -3.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CB	CHUBB LIMITED	34,249,183 (+9.3%)	$10,689,855 (+20.9%)	3.9%	$230.06	+27.1%	COM	H1467J104
CVX	CHEVRON CORP NEW	130,156,362 (+6.6%)	$19,837,131 (+4.7%)	7.2%	$118.47	+27.8%	COM	166764100
DPZ	DOMINOS PIZZA INC	3,350,000 (+12.3%)	$1,396,347 (+8.5%)	0.5%	$429.44	-3.3%	COM	25754A201

Exited Positions (3)

— LIBERTY MEDIA CORP DEL 0.4%

Value ($000) $1,058,686 Shares 10,917,661 Est. Cost $32.10 Unrealized —

— LIBERTY MEDIA CORP DEL 0.2%

Value ($000) $470,235 Shares 4,986,588 Est. Cost $31.92 Unrealized —

— LIBERTY MEDIA CORP DEL 0.1%

Value ($000) $315,288 Shares 3,018,555 Est. Cost $68.03 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	LIBERTY MEDIA CORP DEL	10,917,661	$1,058,686	0.4%	$32.10	—	—	531229722
—	LIBERTY MEDIA CORP DEL	4,986,588	$470,235	0.2%	$31.92	—	—	531229748
—	LIBERTY MEDIA CORP DEL	3,018,555	$315,288	0.1%	$68.03	—	—	531229854

Decreased Positions (9)

AMZN AMAZON COM INC 0.2%

Value ($000) $525,346 (-76.1%) Shares 2,276,000 (-77.2%) Est. Cost $123.09 Unrealized +85.9%

AAPL APPLE INC 22.6%

Value ($000) $61,961,735 (+2.2%) Shares 227,917,808 (-4.3%) Est. Cost $88.56 Unrealized +203.0%

BAC BANK AMERICA CORP 10.4%

Value ($000) $28,451,276 (-2.9%) Shares 517,295,934 (-8.9%) Est. Cost $21.59 Unrealized +144.0%

DVA DAVITA INC 1.3%

Value ($000) $3,608,147 (-15.6%) Shares 31,759,065 (-1.2%) Est. Cost $60.19 Unrealized +102.0%

POOL POOL CORP 0.3%

Value ($000) $702,007 (-34.5%) Shares 3,068,885 (-11.3%) Est. Cost $315.83 Unrealized -17.8%

AON AON PLC 0.5%

Value ($000) $1,271,425 (-13.0%) Shares 3,602,995 (-12.1%) Est. Cost $214.04 Unrealized +63.1%

STZ CONSTELLATION BRANDS INC 0.7%

Value ($000) $1,793,480 (-0.6%) Shares 13,000,000 (-3.0%) Est. Cost $200.14 Unrealized -31.6%

BATRK ATLANTA BRAVES HLDGS INC 0.0%

Value ($000) $4,554 (-51.0%) Shares 115,428 (-48.4%) Est. Cost $37.85 Unrealized +4.4%

LILA LIBERTY LATIN AMERICA LTD 0.0%

Value ($000) $17,711 (-18.8%) Shares 2,396,665 (-8.9%) Est. Cost $20.32 Unrealized -60.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	2,276,000 (-77.2%)	$525,346 (-76.1%)	0.2%	$123.09	+85.9%	COM	023135106
AAPL	APPLE INC	227,917,808 (-4.3%)	$61,961,735 (+2.2%)	22.6%	$88.56	+203.0%	COM	037833100
BAC	BANK AMERICA CORP	517,295,934 (-8.9%)	$28,451,276 (-2.9%)	10.4%	$21.59	+144.0%	COM	060505104
DVA	DAVITA INC	31,759,065 (-1.2%)	$3,608,147 (-15.6%)	1.3%	$60.19	+102.0%	COM	23918K108
POOL	POOL CORP	3,068,885 (-11.3%)	$702,007 (-34.5%)	0.3%	$315.83	-17.8%	COM	73278L105
AON	AON PLC	3,602,995 (-12.1%)	$1,271,425 (-13.0%)	0.5%	$214.04	+63.1%	SHS CL A	G0403H108
STZ	CONSTELLATION BRANDS INC	13,000,000 (-3.0%)	$1,793,480 (-0.6%)	0.7%	$200.14	-31.6%	CL A	21036P108
BATRK	ATLANTA BRAVES HLDGS INC	115,428 (-48.4%)	$4,554 (-51.0%)	0.0%	$37.85	+4.4%	COM SER C	047726302
LILA	LIBERTY LATIN AMERICA LTD	2,396,665 (-8.9%)	$17,711 (-18.8%)	0.0%	$20.32	-60.0%	COM CL A	G9001E102

Unchanged Positions (26)

AXP AMERICAN EXPRESS CO 20.5%

Value ($000) $56,088,378 Shares 151,610,700 Est. Cost $59.62 Unrealized +498.7%

OXY OCCIDENTAL PETE CORP 4.0%

Value ($000) $10,894,392 Shares 264,941,431 Est. Cost $49.89 Unrealized -16.7%

KO COCA COLA CO 10.2%

Value ($000) $27,964,000 Shares 400,000,000 Est. Cost $27.85 Unrealized +149.1%

GOOGL ALPHABET INC 2.0%

Value ($000) $5,585,842 Shares 17,846,142 Est. Cost $209.20 Unrealized +36.5%

MCO MOODYS CORP 4.6%

Value ($000) $12,602,556 Shares 24,669,778 Est. Cost $53.10 Unrealized +817.7%

KHC KRAFT HEINZ CO 2.9%

Value ($000) $7,896,644 Shares 325,634,818 Est. Cost $47.82 Unrealized -48.5%

SIRI SIRIUS XM HOLDINGS INC 0.9%

Value ($000) $2,495,518 Shares 124,807,117 Est. Cost $30.05 Unrealized -28.5%

VRSN VERISIGN INC 0.8%

Value ($000) $2,184,091 Shares 8,989,880 Est. Cost $51.65 Unrealized +385.6%

KR KROGER CO 1.1%

Value ($000) $3,124,000 Shares 50,000,000 Est. Cost $28.73 Unrealized +127.0%

COF CAPITAL ONE FINL CORP 0.6%

Value ($000) $1,732,874 Shares 7,150,000 Est. Cost $98.92 Unrealized +124.6%

NUE NUCOR CORP 0.4%

Value ($000) $1,045,168 Shares 6,407,749 Est. Cost $125.32 Unrealized +19.5%

ALLY ALLY FINL INC 0.5%

Value ($000) $1,313,410 Shares 29,000,000 Est. Cost $36.65 Unrealized +11.3%

LEN LENNAR CORP 0.3%

Value ($000) $724,838 Shares 7,050,950 Est. Cost $111.63 Unrealized +8.1%

V VISA INC 1.1%

Value ($000) $2,910,002 Shares 8,297,460 Est. Cost $57.91 Unrealized +487.8%

UNH UNITEDHEALTH GROUP INC 0.6%

Value ($000) $1,663,610 Shares 5,039,564 Est. Cost $374.94 Unrealized -10.1%

CHTR CHARTER COMMUNICATIONS INC N 0.1%

Value ($000) $221,459 Shares 1,060,882 Est. Cost $215.31 Unrealized +4.5%

LPX LOUISIANA PAC CORP 0.2%

Value ($000) $457,489 Shares 5,664,793 Est. Cost $57.21 Unrealized +47.7%

ALLE ALLEGION PLC 0.0%

Value ($000) $124,213 Shares 780,133 Est. Cost $136.29 Unrealized +22.3%

MA MASTERCARD INCORPORATED 0.8%

Value ($000) $2,275,898 Shares 3,986,648 Est. Cost $71.38 Unrealized +683.0%

NVR NVR INC 0.0%

Value ($000) $81,037 Shares 11,112 Est. Cost $5820.19 Unrealized +28.5%

LAMR LAMAR ADVERTISING CO NEW 0.1%

Value ($000) $152,201 Shares 1,202,410 Est. Cost $121.39 Unrealized —

LEN/B LENNAR CORP 0.0%

Value ($000) $17,215 Shares 180,980 Est. Cost $91.68 Unrealized +23.0%

HEI/A HEICO CORP NEW 0.1%

Value ($000) $326,799 Shares 1,294,612 Est. Cost $175.89 Unrealized +40.4%

DEO DIAGEO PLC 0.0%

Value ($000) $19,648 Shares 227,750 Est. Cost $181.18 Unrealized —

JEF JEFFERIES FINL GROUP INC 0.0%

Value ($000) $26,868 Shares 433,558 Est. Cost $27.19 Unrealized +108.5%

LILAK LIBERTY LATIN AMERICA LTD 0.0%

Value ($000) $9,579 Shares 1,284,020 Est. Cost $19.08 Unrealized -56.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AXP	AMERICAN EXPRESS CO	151,610,700	$56,088,378	20.5%	$59.62	+498.7%	COM	025816109
OXY	OCCIDENTAL PETE CORP	264,941,431	$10,894,392	4.0%	$49.89	-16.7%	COM	674599105
KO	COCA COLA CO	400,000,000	$27,964,000	10.2%	$27.85	+149.1%	COM	191216100
GOOGL	ALPHABET INC	17,846,142	$5,585,842	2.0%	$209.20	+36.5%	CAP STK CL A	02079K305
MCO	MOODYS CORP	24,669,778	$12,602,556	4.6%	$53.10	+817.7%	COM	615369105
KHC	KRAFT HEINZ CO	325,634,818	$7,896,644	2.9%	$47.82	-48.5%	COM	500754106
SIRI	SIRIUS XM HOLDINGS INC	124,807,117	$2,495,518	0.9%	$30.05	-28.5%	COMMON STOCK	829933100
VRSN	VERISIGN INC	8,989,880	$2,184,091	0.8%	$51.65	+385.6%	COM	92343E102
KR	KROGER CO	50,000,000	$3,124,000	1.1%	$28.73	+127.0%	COM	501044101
COF	CAPITAL ONE FINL CORP	7,150,000	$1,732,874	0.6%	$98.92	+124.6%	COM	14040H105
NUE	NUCOR CORP	6,407,749	$1,045,168	0.4%	$125.32	+19.5%	COM	670346105
ALLY	ALLY FINL INC	29,000,000	$1,313,410	0.5%	$36.65	+11.3%	COM	02005N100
LEN	LENNAR CORP	7,050,950	$724,838	0.3%	$111.63	+8.1%	CL A	526057104
V	VISA INC	8,297,460	$2,910,002	1.1%	$57.91	+487.8%	COM CL A	92826C839
UNH	UNITEDHEALTH GROUP INC	5,039,564	$1,663,610	0.6%	$374.94	-10.1%	COM	91324P102
CHTR	CHARTER COMMUNICATIONS INC N	1,060,882	$221,459	0.1%	$215.31	+4.5%	CL A	16119P108
LPX	LOUISIANA PAC CORP	5,664,793	$457,489	0.2%	$57.21	+47.7%	COM	546347105
ALLE	ALLEGION PLC	780,133	$124,213	0.0%	$136.29	+22.3%	ORD SHS	G0176J109
MA	MASTERCARD INCORPORATED	3,986,648	$2,275,898	0.8%	$71.38	+683.0%	CL A	57636Q104
NVR	NVR INC	11,112	$81,037	0.0%	$5820.19	+28.5%	COM	62944T105
LAMR	LAMAR ADVERTISING CO NEW	1,202,410	$152,201	0.1%	$121.39	—	CL A	512816109
LEN/B	LENNAR CORP	180,980	$17,215	0.0%	$91.68	+23.0%	CL B	526057302
HEI/A	HEICO CORP NEW	1,294,612	$326,799	0.1%	$175.89	+40.4%	CL A	422806208
DEO	DIAGEO PLC	227,750	$19,648	0.0%	$181.18	—	SPON ADR NEW	25243Q205
JEF	JEFFERIES FINL GROUP INC	433,558	$26,868	0.0%	$27.19	+108.5%	COM	47233W109
LILAK	LIBERTY LATIN AMERICA LTD	1,284,020	$9,579	0.0%	$19.08	-56.9%	COM CL C	G9001E128