As of September 30, 2025, and December 31, 2024, Berkshire Hathaway's equity investments have remained concentrated in a select few companies. The fair value of its top five holdings accounted for 66% and 71% of the total fair value of its equity investments, respectively.

At both reporting dates, the top five holdings were unchanged: American Express, Apple, Bank of America, Coca-Cola, and Chevron.

Berkshire Hathaway emphasized that its investment strategy has long focused on maintaining significant stakes in these core companies.