BA
Berkshire Asset Management Llc/pa 13F Filing (Q2 2026) — Top Positions & Stock Picks
Berkshire Asset Management Llc/paCIK: 0000949012
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$2.5B
Reporting period: 2026-06-30 · Number of holdings: 270
BERKSHIRE ASSET MANAGEMENT LLC/PA disclosed 270 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $2.5B and a quarterly turnover rate of 19.7%.
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Personality snowflake
- Concentration
- 7.86
- Portfolio Stability
- 19.74
- Momentum
- 100
- Sector conviction
- 43.93
- Diversification
- 100
- Sizing Uniformity
- 79.22
Berkshire Asset Management Llc/pa's disclosed holdings carry a Herfindahl concentration index of 0.020 — mathematically equivalent to about 51 equally-sized positions, well below its 270 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.08), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd DELL
-17.3% $60.1M
Sold out HON
Add CSCO
+0.0% $34.4M
New buy 438516205
New buy 43849R105
Trim CVX
+0.0% -$16.2M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 270 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | JPM | Jpmorgan Chase & Co | Stock-Financials | 4.45% | +0.08% | +0.07% | |
| 2 | DELL | Dell Technologies -c | Stock-Tech | 4.37% | +2.18% | -17.27% | |
| 3 | CSCO | Cisco Systems Inc | Stock-Tech | 3.97% | +1.10% | +0.02% | |
| 4 | ABBV | Abbvie Inc | Stock-Healthcare | 3.77% | +0.22% | +0.17% | |
| 5 | AAPL | Apple Inc | Stock-Tech | 3.20% | +0.13% | -0.00% | |
| 6 | NUE | Nucor CORP | Stock-Materials | 3.16% | +0.55% | +0.37% | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 2.80% | -0.22% | +0.51% | |
| 8 | BAC | Bank Of America CORP | Stock-Financials | 2.63% | +0.18% | +0.18% | |
| 9 | CVX | Chevron CORP | Stock-Energy | 2.56% | -0.93% | +0.01% | |
| 10 | JNJ | Johnson & Johnson | Stock-Healthcare | 2.49% | -0.13% | -0.05% | |
| 11 | MTB | M & T Bank CORP | Stock-Financials | 2.29% | +0.12% | +0.17% | |
| 12 | QCOM | Qualcomm Inc | Stock-Tech | 2.19% | +0.53% | +0.13% | |
| 13 | WM | Waste Management Inc | Stock-Industrials | 2.10% | -0.25% | +0.53% | |
| 14 | TEL | TE Connectivity plc | Stock-Tech | 1.99% | -0.26% | +0.36% | |
| 15 | PNC | Pnc Financial Services Group | Stock-Financials | 1.93% | +0.15% | +0.22% | |
| 16 | NSC | Norfolk Southern CORP | Stock-Industrials | 1.93% | +0.01% | +0.32% | |
| 17 | DE | Deere & Co | Stock-Industrials | 1.81% | +0.07% | +0.56% | |
| 18 | EMR | Emerson Electric Co | Stock-Industrials | 1.78% | — | +0.42% | |
| 19 | LMT | Lockheed Martin CORP | Stock-Industrials | 1.73% | -0.50% | +0.48% | |
| 20 | CB | Chubb Limited | Stock-Financials | 1.72% | -0.08% | +0.28% | |
| 21 | WMT | Walmart Inc | Stock-Consumer Staples | 1.71% | -0.34% | +0.37% | |
| 22 | PPL | Ppl CORP | Stock-Utilities | 1.66% | -0.23% | +0.64% | |
| 23 | KMI | Kinder Morgan, Inc. | Stock-Energy | 1.54% | -0.22% | +0.47% | |
| 24 | SCHW | Schwab (charles) CORP | Stock-Financials | 1.50% | -0.14% | +1.82% | |
| 25 | EOG | Eog Resources Inc | Stock-Energy | 1.45% | -0.30% | +1.01% | |
| 26 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 1.44% | -0.26% | +5.84% | |
| 27 | SCHF | Schwab Intl Equity ETF | ETF-Other | 1.38% | +0.09% | +4.82% | |
| 28 | MDLZ | Mondelez International Inc-a | Stock-Consumer Staples | 1.36% | -0.11% | +0.50% | |
| 29 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 1.35% | -0.19% | +0.34% | |
| 30 | SPSM | Ss Spdr P S&p 600 Small Cap | ETF-Small Cap | 1.34% | +0.13% | +1.72% | |
| 31 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.34% | -0.09% | +0.58% | |
| 32 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 1.32% | -0.21% | +0.76% | |
| 33 | LEN | Lennar Corp-a | Stock-Consumer Disc | 1.13% | -0.04% | +0.95% | |
| 34 | ABT | Abbott Laboratories | Stock-Healthcare | 1.12% | -0.23% | +2.12% | |
| 35 | SCHM | Schwab US Mid Cap ETF | ETF-Other | 1.06% | +0.11% | +2.13% | |
| 36 | HSY | Hershey Co/the | Stock-Consumer Staples | 1.03% | -0.28% | +1.99% | |
| 37 | ✓ | Stock-Other | 1.01% | +1.01% | NEW | ||
| 38 | AOS | Smith (a.o.) CORP | Stock-Industrials | 1.01% | -0.11% | +3.11% | |
| 39 | ✓ | Stock-Other | 0.99% | +0.99% | NEW | ||
| 40 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.95% | -0.23% | +1.04% | |
| 41 | WPC | Wp Carey Inc | Stock-Real Estate | 0.94% | -0.02% | +1.19% | |
| 42 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 0.90% | +0.03% | +1.01% | |
| 43 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.81% | +0.02% | +301.28% | |
| 44 | WFC | Wells Fargo & Co | Stock-Financials | 0.77% | -0.04% | -0.50% | |
| 45 | PHM | Pultegroup Inc | Stock-Consumer Disc | 0.71% | +0.03% | -2.23% | |
| 46 | VB | Vanguard Small-cap ETF | ETF-Other | 0.67% | +0.03% | +0.08% | |
| 47 | SCHG | Schwab US Large-cap Growth | ETF-Other | 0.56% | +0.03% | +0.07% | |
| 48 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.48% | +0.15% | +52.04% | |
| 49 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.47% | -0.01% | -6.07% | |
| 50 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.45% | -0.04% | -5.77% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+5.2%
Performance Last 4 Quarters
+22.1%
- Stdev
- +11%
- Beta
- +0.72
- Alpha
- +2.5%
- Max Drawdown
- -6.6%
- Annualized Perf
- +17.6%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +2.72
- Stutzer
- +0.43
- Treynor
- +0.23
- Sterling
- +1.15
- Calmar
- +2.64
- Information Ratio
- -0.45
- Tracking Error
- +7%
- Stdev Down
- +6.2%
- Winning Months %
- +77.8%
- Losing Months %
- +22.2%
- Best 12 Months
- +27.3%
- Worst 12 Months
- +6.2%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.53
- Stdev Sectors
- +7.1%
- Skewness
- -0.61
- Kurtosis
- -0.3
- Upside Potential
- +4.21
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 270 | $2.5B | 20 | ||
| 2026 Q1 | 265 | $2.3B | 12 | ||
| 2025 Q4 | 262 | $2.3B | 77 | ||
| 2025 Q3 | 297 | $2.4B | 15 | ||
| 2025 Q2 | 285 | $2.2B | 0 | ||
| 2025 Q1 | 282 | $2.1B | 100 | ||
| 2024 Q4 | 280 | $2.1B | 0 | ||
| 2024 Q3 | 284 | $2.0B | 0 | ||
| 2024 Q2 | 288 | $2.0B | 0 | ||
| 2024 Q1 | 234 | $1.9B | 0 | ||
| 2023 Q4 | 226 | $1.8B | 0 | ||
| 2023 Q3 | 223 | $1.6B | 0 | ||
| 2023 Q2 | 228 | $1.7B | 0 | ||
| 2023 Q1 | 228 | $1.6B | 0 | ||
| 2022 Q4 | 140 | $1.6B | 0 | ||
| 2022 Q3 | 218 | $1.4B | 0 | ||
| 2022 Q2 | 221 | $1.5B | 0 | ||
| 2022 Q1 | 202 | $1.6B | 0 | ||
| 2021 Q4 | 240 | $1.6B | 0 | ||
| 2021 Q3 | 240 | $1.5B | 0 | ||
| 2021 Q2 | 233 | $1.5B | 100 | ||
| 2021 Q1 | 227 | $1.3B | 13 | ||
| 2020 Q4 | 219 | $1.3B | 23 | ||
| 2020 Q3 | 166 | $1.0B | 17 | ||
| 2020 Q2 | 167 | $1.1B | 23 | ||
| 2020 Q1 | 201 | $960.9M | 29 | ||
| 2019 Q4 | 198 | $1.2B | 14 | ||
| 2019 Q3 | 210 | $1.2B | 18 | ||
| 2019 Q2 | 206 | $1.2B | 10 | ||
| 2019 Q1 | 223 | $1.2B | 15 | ||
| 2018 Q4 | 209 | $1.1B | 20 | ||
| 2018 Q3 | 225 | $1.2B | 14 | 146625h217275r300287y | |
| 2018 Q2 | 212 | $1.1B | 9 | ||
| 2018 Q1 | 206 | $1.0B | 20 | ||
| 2017 Q4 | 205 | $1.0B | 18 | ||
| 2017 Q3 | 191 | $896.3M | 10 | ||
| 2017 Q2 | 191 | $879.0M | 9 | ||
| 2017 Q1 | 191 | $842.5M | 12 | ||
| 2016 Q4 | 179 | $774.5M | 18 | ||
| 2016 Q3 | 175 | $696.1M | 11 | ||
| 2016 Q2 | 173 | $657.4M | 15 | ||
| 2016 Q1 | 157 | $643.1M | 18 | ||
| 2015 Q4 | 154 | $604.7M | 12 | ||
| 2015 Q3 | 153 | $560.6M | 20 | ||
| 2015 Q2 | 161 | $595.3M | 9 | ||
| 2015 Q1 | 166 | $597.7M | 13 | ||
| 2014 Q4 | 166 | $582.6M | 13 | ||
| 2014 Q3 | 167 | $542.3M | 9 | ||
| 2014 Q2 | 168 | $538.6M | 10 | ||
| 2014 Q1 | 156 | $518.9M | 10 | ||
| 2013 Q4 | 169 | $530.5M | 27 | ||
| 2013 Q3 | 139 | $415.6M | 17 | ||
| 2013 Q2 | 120 | $361.2M | — |
Holding changes this quarter
Berkshire Asset Management Llc/pa's most significant position changes for 2026-06-30: Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; Sold out: Paychex Inc (PAYX); New buy: Ft Vest Laddered Moderate Bu (BUFZ).
Showing top 200 changes by size (of 281 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DELL | Dell Technologies -c | +2.2% | -17.27% | Trim |
| 2 | CSCO | Cisco Systems Inc | +1.1% | +0.02% | Add |
| 3 | ✓ | +1% | NEW | New buy | |
| 4 | ✓ | +1% | NEW | New buy | |
| 5 | NUE | Nucor CORP | +0.6% | +0.37% | Add |
| 6 | QCOM | Qualcomm Inc | +0.5% | +0.13% | Add |
| 7 | ABBV | Abbvie Inc | +0.2% | +0.17% | Add |
| 8 | BAC | Bank Of America CORP | +0.2% | +0.18% | Add |
| 9 | PNC | Pnc Financial Services Group | +0.2% | +0.22% | Add |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | +0.2% | +52.04% | Add |
| 11 | AAPL | Apple Inc | +0.1% | -0.00% | Trim |
| 12 | SPSM | Ss Spdr P S&p 600 Small Cap | +0.1% | +1.72% | Add |
| 13 | MTB | M & T Bank CORP | +0.1% | +0.17% | Add |
| 14 | SCHM | Schwab US Mid Cap ETF | +0.1% | +2.13% | Add |
| 15 | STX | Seagate Technology Holdings plc | +0.1% | +0.45% | Add |
| 16 | SCHF | Schwab Intl Equity ETF | +0.1% | +4.82% | Add |
| 17 | MU | Micron Technology Inc | +0.1% | -17.58% | Trim |
| 18 | JPM | Jpmorgan Chase & Co | +0.1% | +0.07% | Add |
| 19 | DE | Deere & Co | +0.1% | +0.56% | Add |
| 20 | XLP | Ss Consumer Staples Sel Sect | +0.1% | +48.98% | Add |
| 21 | C | Citigroup Inc | 0% | -1.68% | Trim |
| 22 | CAT | Caterpillar Inc | 0% | -0.51% | Trim |
| 23 | UNH | Unitedhealth Group Inc | 0% | -0.21% | Trim |
| 24 | INTC | Intel CORP | 0% | -40.68% | Trim |
| 25 | VEU | Vanguard Ftse All-world Ex-u | 0% | +1.01% | Add |
| 26 | VB | Vanguard Small-cap ETF | 0% | +0.08% | Add |
| 27 | PHM | Pultegroup Inc | 0% | -2.23% | Trim |
| 28 | SCHG | Schwab US Large-cap Growth | 0% | +0.07% | Add |
| 29 | SCHX | Schwab US Large-cap ETF | 0% | +4.62% | Add |
| 30 | VEA | Vanguard Ftse Developed ETF | 0% | +5.06% | Add |
| 31 | SCHE | Schwab Emrg Mrkts Eqty ETF | 0% | +8.70% | Add |
| 32 | SCHV | Schwab US Large-cap Value | 0% | +1.71% | Add |
| 33 | LLY | Eli Lilly & Co | 0% | -0.30% | Trim |
| 34 | VTWV | Vanguard Russell 2000 Value | 0% | +8.40% | Add |
| 35 | TTI | Tetra Technologies Inc | 0% | — | Unchanged |
| 36 | TXN | Texas Instruments Inc | 0% | +3.58% | Add |
| 37 | VO | Vanguard Mid-cap ETF | 0% | +301.28% | Add |
| 38 | IWF | Ishares Russell 1000 Growth | 0% | +300.04% | Add |
| 39 | AVGO | Broadcom Inc | 0% | -1.63% | Trim |
| 40 | IWM | Ishares Russell 2000 ETF | 0% | -0.07% | Trim |
| 41 | SMH | Vaneck Semiconductor ETF | 0% | -1.25% | Trim |
| 42 | MS | Morgan Stanley | 0% | +0.49% | Add |
| 43 | KLAC | Kla CORP | 0% | +1041.45% | Add |
| 44 | AMAT | Applied Materials Inc | 0% | -0.52% | Trim |
| 45 | NSC | Norfolk Southern CORP | 0% | +0.32% | Add |
| 46 | GOOGL | Alphabet Inc-cl A | 0% | -6.21% | Trim |
| 47 | GOOG | Alphabet Inc-cl C | 0% | -8.20% | Trim |
| 48 | NVDA | Nvidia CORP | 0% | +0.87% | Add |
| 49 | SCHB | Schwab US Broad Market ETF | 0% | -2.15% | Trim |
| 50 | VWO | Vanguard Ftse Emerging Marke | 0% | +1.15% | Add |
1–50 of 200
Filing History
FAQ
What is Berkshire Asset Management Llc/pa and what type of investor is it?
Berkshire Asset Management Llc/pa is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $2.5B, spread across 270 disclosed positions.
What are Berkshire Asset Management Llc/pa's largest equity positions?
Based on the latest 13F filing, Berkshire Asset Management Llc/pa's top holdings by market value are:
1. Jpmorgan Chase & Co (JPM) — $113.4M (4.5%)
2. Dell Technologies -c (DELL) — $111.2M (4.4%)
3. Cisco Systems Inc (CSCO) — $101.2M (4.0%)
4. Abbvie Inc (ABBV) — $96.0M (3.8%)
5. Apple Inc (AAPL) — $81.5M (3.2%)
What changes did Berkshire Asset Management Llc/pa make in its most recent portfolio filing?
In the latest reported quarter, Berkshire Asset Management Llc/pa made 171 notable position adjustments: 18 new positions were initiated, 87 existing holdings were added to, 55 positions were partially reduced, and 11 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; Sold out: Paychex Inc (PAYX); New buy: Ft Vest Laddered Moderate Bu (BUFZ)
What sectors does Berkshire Asset Management Llc/pa focus on?
Berkshire Asset Management Llc/pa is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 23.7%
• Financials: 19.4%
• Industrials: 13.8%
• Health Care: 11.8%
• Consumer Staples: 8.9%
• Energy: 7.4%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Berkshire Asset Management Llc/pa returned an annualized 17.6% over the trailing 36 months — outperforming the S&P 500 by 2.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.72 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
Its turnover score has risen from 0 to 20 over the past 4 quarters — a shift toward more active trading.
It has added to its NUE position over the past two quarters (+$22.0M, now $80.5M), while trimming GIS over the same stretch (-$15.1M, still holding $3.5M).
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