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Warren Buffett’s $263B Berkshire Hathaway Triples Alphabet and Exits Visa and Mastercard

The Market Context in 60 Seconds
  1. 01 Berkshire Hathaway, the conglomerate run by 95-year-old Warren Buffett, holds a $263 billion equity portfolio per its May 13F filing (the SEC form U.S. institutional managers use to disclose their stock holdings 45 days after each quarter end), built around one move: sell 15 holdings worth $12 billion and triple a bet on Alphabet.
  2. 02 The portfolio shrank from about $272 billion to $263 billion between filings, a rare deliberate contraction driven by more than $12 billion of outright exits.
  3. 03 The top 5 stakes hold about 67 percent of the portfolio: Apple at $57.8 billion, American Express at $45.9 billion, Coca-Cola at $30.4 billion, Bank of America at $25 billion, and Chevron at $17.5 billion.
  4. 04 Buffett kept his five largest holdings essentially untouched and stripped out nearly everything around them, exiting payments giants Visa and Mastercard, healthcare insurer UnitedHealth, and a dozen smaller names in a single quarter.
  5. 05 Berkshire’s Q2 2026 13F is due by mid-August. It will show whether the Alphabet stake continued growing, whether the new Delta Air Lines and Macy’s entries survived, and whether any more of the remaining 26 names were sold.
View SEC Filing →

How Berkshire Hathaway Moved Last Quarter

Money In

5 positions

Alphabet
Google’s parent; runs search, YouTube, and cloud
$16.6B
more than tripled (+205%)
Delta Air Lines
Major U.S. airline based in Atlanta
$2.6B
new position
New York Times
Digital news and subscription platform
$1.3B
nearly tripled (+196%)
Lennar
One of the largest U.S. homebuilders
$897M
added (+43%)
Macy’s
U.S. department store chain
$55M
new position

Money Out

15 exits + 4 cuts

Full Exits
Visa
Global payments network
$2.9B
exited
Mastercard
Global payments network
$2.3B
exited
UnitedHealth
Largest U.S. health insurer
$1.7B
exited
Domino’s
Pizza delivery chain
$1.4B
exited
Aon
Insurance and risk management broker
$1.3B
exited
Pool Corp
Swimming pool supplies distributor
$702M
exited
Amazon
E-commerce and cloud computing giant
$525M
exited
HEICO
Aerospace parts manufacturer
$327M
exited
Liberty Media Formula One
Formula 1 racing tracking stock
$297M
exited
Charter Communications
Cable and broadband provider
$221M
exited
Lamar Advertising
Outdoor billboard company
$152M
exited
Allegion
Door locks and security hardware
$124M
exited
Liberty Latin America
Caribbean and Latin American telecom
$27M
exited
Diageo
Spirits and beer conglomerate
$20M
exited
Atlanta Braves Holdings
MLB franchise tracking stock
$5M
exited
Major Cuts
Constellation Brands
Beer and wine company behind Corona and Modelo
-95%
$95M remains
Nucor
Largest U.S. steelmaker
-39%
$661M remains
Chevron
Major oil and gas producer
-35%
$17.5B remains
DaVita
Largest U.S. kidney dialysis provider
-5%
$4.6B remains

Still The Biggest

Top 5, ~67% of portfolio

Apple
Consumer electronics and services giant
$57.8B
American Express
Credit card and financial services company
$45.9B
Coca-Cola
Global beverage company
$30.4B
Bank of America
Second-largest U.S. bank by assets
$25.0B
Chevron
Major oil and gas producer
$17.5B
trimmed 35%

What to watch

1. Berkshire’s Q2 2026 13F is due by August 14, 2026. It will show whether the Alphabet stake continued growing or whether Buffett trimmed after the spring rally.

2. Buffett exited 15 holdings in a single quarter, the largest portfolio cleanup in recent Berkshire filings. The next filing will reveal whether this was a one-time cash raise or the beginning of a sustained liquidation of the non-core book.

3. Chevron was cut 35 percent but remains the fifth-largest holding at $17.5 billion. The pace of that trim will signal whether Buffett is gradually exiting energy or simply right-sizing a stake that grew too large relative to the rest.

Verified as of May 22, 2026.

Sources