Berkshire Hathaway is the holding company of super-investor Warren Buffett. He transformed a struggling textile mill into a conglomerate with a significant portfolio of equites and significant interests in railroads, insurance, utilities, industrials etc.
Q1 2022 hedge fund letters, conferences and more
Because of the size of his equity portfolio investments, Berkshire Hathaway has to report its US equity holdings every quarter to the SEC. Some foreign investments are also reported to the corresponding Foreign securities regulator.
You can find the updated portfolio holdings for Berkshire Hathaway (BRK.A)(BRK.B) as of March 31, 2022.
| Company Name | Ticker | Value
(Millions) |
% of BRK Portfolio | Shares Held | % of Shares Outstanding Held | Holdings Date |
| Apple Inc | AAPL | $155,564.10 | 45.68% | 890,923,410 | 5.50% | 3/31/2022 |
| Bank of America Corp | BAC | $41,636.30 | 12.23% | 1,010,100,606 | 12.54% | 3/31/2022 |
| American Express Co | AXP | $28,351.20 | 8.32% | 151,610,700 | 20.13% | 3/31/2022 |
| Chevron Corp | CVX | $25,919.00 | 7.61% | 159,178,117 | 8.10% | 3/31/2022 |
| Coca-Cola Co | KO | $24,800.00 | 7.28% | 400,000,000 | 9.23% | 3/31/2022 |
| Kraft Heinz Co | KHC | $12,826.80 | 3.77% | 325,634,818 | 26.61% | 3/31/2022 |
| Occidental Petroleum Corp | OXY | $9,173.80 | 2.69% | 143,162,392 | 15.28% | 5/12/2022 |
| Moody’s Corp | MCO | $8,323.80 | 2.44% | 24,669,778 | 13.37% | 3/31/2022 |
| US Bancorp | USB | $6,719.10 | 1.97% | 126,417,887 | 8.51% | 3/31/2022 |
| Activision Blizzard Inc | ATVI | $5,152.30 | 1.51% | 64,315,222 | 8.23% | 3/31/2022 |
| DaVita Inc | DVA | $4,082.80 | 1.20% | 36,095,570 | 38.16% | 3/31/2022 |
| Bank of New York Mellon Corp | BK | $3,591.10 | 1.05% | 72,357,453 | 8.96% | 3/31/2022 |
| Kroger Co | KR | $3,326.60 | 0.98% | 57,985,263 | 8.04% | 3/31/2022 |
| Citigroup Inc | C | $2,945.30 | 0.86% | 55,155,797 | 2.84% | 3/31/2022 |
| Verisign Inc | VRSN | $2,851.00 | 0.84% | 12,815,613 | 11.70% | 3/31/2022 |
| General Motors Co | GM | $2,713.90 | 0.80% | 62,045,847 | 4.25% | 3/31/2022 |
| Paramount Global | PARA | $2,606.90 | 0.77% | 68,947,760 | 11.33% | 3/31/2022 |
| Charter Communications Inc | CHTR | $2,088.80 | 0.61% | 3,828,941 | 2.00% | 3/31/2022 |
| Itochu Corp | 8001 | $2,045.00 | 0.60% | 79,509,400 | 5.02% | 8/24/2020 |
| Liberty Media Corp | LSXMK | $1,975.90 | 0.58% | 43,208,291 | 19.60% | 3/31/2022 |
| Visa Inc | V | $1,840.10 | 0.54% | 8,297,460 | 0.50% | 3/31/2022 |
| Mitsubishi Corp | 8058 | $1,776.90 | 0.52% | 74,887,500 | 5.04% | 8/24/2020 |
| Amazon.com Inc | AMZN | $1,738.50 | 0.51% | 533,300 | 0.10% | 3/31/2022 |
| Mitsui & Co Ltd | 8031 | $1,562.70 | 0.46% | 86,453,900 | 5.26% | 8/24/2020 |
| Aon PLC | AON | $1,431.50 | 0.42% | 4,396,000 | 2.07% | 3/31/2022 |
| Mastercard Inc | MA | $1,424.70 | 0.42% | 3,986,648 | 0.41% | 3/31/2022 |
| Snowflake Inc. | SNOW | $1,403.50 | 0.41% | 6,125,376 | 1.95% | 3/31/2022 |
| Celanese Corp | CE | $1,126.00 | 0.33% | 7,880,998 | 7.28% | 3/31/2022 |
| Liberty Media Corp | LSXMA | $923.70 | 0.27% | 20,207,680 | 20.44% | 3/31/2022 |
| Mckesson Corp | MCK | $894.50 | 0.26% | 2,921,975 | 2.01% | 3/31/2022 |
| Nu Holdings Ltd | NU | $827.00 | 0.24% | 107,118,784 | 3.07% | 3/31/2022 |
| Sumitomo Corp | 8053 | $819.30 | 0.24% | 63,121,100 | 5.04% | 8/24/2020 |
| RH | RH | $707.60 | 0.21% | 2,170,000 | 10.00% | 3/31/2022 |
| T-Mobile US Inc | TMUS | $672.80 | 0.20% | 5,242,000 | 0.42% | 3/31/2022 |
| Globe Life Inc | GL | $639.20 | 0.19% | 6,353,727 | 6.44% | 3/31/2022 |
| Liberty Media Corp | FWONK | $539.30 | 0.16% | 7,722,451 | 3.75% | 3/31/2022 |
| Marubeni Corp | 8002 | $530.80 | 0.16% | 87,877,700 | 5.05% | 8/24/2020 |
| STORE Capital Corp | STOR | $431.30 | 0.13% | 14,754,811 | 5.26% | 3/31/2022 |
| Ally Financial Inc | ALLY | $390.00 | 0.11% | 8,969,420 | 2.78% | 3/31/2022 |
| Floor & Decor Holdings Inc | FND | $387.20 | 0.11% | 4,780,000 | 4.52% | 3/31/2022 |
| StoneCo Ltd | STNE | $125.10 | 0.04% | 10,695,448 | 3.82% | 3/31/2022 |
| Verizon Communications Inc | VZ | $70.30 | 0.02% | 1,380,111 | 0.03% | 3/31/2022 |
| Marsh & McLennan Companies Inc | MMC | $69.00 | 0.02% | 404,911 | 0.08% | 3/31/2022 |
| Royalty Pharma PLC | RPRX | $58.30 | 0.02% | 1,496,372 | 0.34% | 3/31/2022 |
| Johnson & Johnson | JNJ | $58.00 | 0.02% | 327,100 | 0.01% | 3/31/2022 |
| Procter & Gamble Co | PG | $48.20 | 0.01% | 315,400 | 0.01% | 3/31/2022 |
| Mondelez International Inc | MDLZ | $36.30 | 0.01% | 578,000 | 0.04% | 3/31/2022 |
| Liberty Latin America Ltd | LILA | $25.50 | 0.01% | 2,630,792 | 5.86% | 3/31/2022 |
| Vanguard 500 Index Fund | VOO | $17.90 | 0.01% | 43,000 | 0.01% | 3/31/2022 |
| SPDR S&P 500 ETF Trust | SPY | $17.80 | 0.01% | 39,400 | 0.00% | 3/31/2022 |
| United Parcel Service Inc | UPS | $12.70 | – | 59,400 | 0.01% | 3/31/2022 |
| Liberty Latin America Ltd | LILAK | $12.30 | – | 1,284,020 | 0.72% | 3/31/2022 |
The chart was compiled using information from Tikr.com.
You can see that Apple (AAPL) accounts for over 45% of the equity portfolio as of March 31, 2022. This position has generated close to $100 billion in profits for Buffett’s Berkshire Hathaway.
Buffett has managed to accumulate the position between 2016 and 2018 at a total cost of approximately $36 billion. He did sell about $11 billion worth of Apple stock in 2020. In addition, Apple sends $820 million in dividends each year to Berkshire Hathaway.
He did make large investments in Apple, Bank of America, Coca-Cola, American Express and Kraft Heinz. His portfolio is concentrated mostly as a result of letting winners run, and not selling prematurely.
You can view the dividend contribution from each of his portfolio holdings from the table below. Berkshire Hathaway is generating almost $5.30 billion in annual dividend income from his portfolio.
| Company Name | Ticker | Reported Value of Shares Held | # Shares Held | Dividend Income |
| Chevron Corp | CVX | $25,919.00 | 159,178,117 | $ 904,131,704.56 |
| Bank of America Corp | BAC | $41,636.30 | 1,010,100,606 | $ 848,484,509.04 |
| Apple Inc | AAPL | $155,564.10 | 890,923,410 | $ 819,649,537.20 |
| Coca-Cola Co | KO | $24,800.00 | 400,000,000 | $ 704,000,000.00 |
| Kraft Heinz Co | KHC | $12,826.80 | 325,634,818 | $ 521,015,708.80 |
| American Express Co | AXP | $28,351.20 | 151,610,700 | $ 315,350,256.00 |
| US Bancorp | USB | $6,719.10 | 126,417,887 | $ 232,608,912.08 |
| Citigroup Inc | C | $2,945.30 | 55,155,797 | $ 112,517,825.88 |
| Bank of New York Mellon | BK | $3,591.10 | 72,357,453 | $ 98,406,136.08 |
| Mitsubishi Corp | 8058 | $1,776.90 | 74,887,500 | $ 87,078,488.37 |
| Mitsui & Co Ltd | 8031 | $1,562.70 | 86,453,900 | $ 80,422,232.56 |
| Itochu Corp | 8001 | $2,045.00 | 79,509,400 | $ 80,125,751.94 |
| Occidental Petroleum Corp | OXY | $9,173.80 | 143,162,392 | $ 74,444,443.84 |
| Moody’s Corp | MCO | $8,323.80 | 24,669,778 | $ 69,075,378.40 |
| Paramount Global | PARA | $2,606.90 | 68,947,760 | $ 66,189,849.60 |
| Kroger Co | KR | $3,326.60 | 57,985,263 | $ 48,707,620.92 |
| Sumitomo Corp | 8053 | $819.30 | 63,121,100 | $ 44,037,976.74 |
| Marubeni Corp | 8002 | $530.80 | 87,877,700 | $ 40,873,348.84 |
| Activision Blizzard Inc | ATVI | $5,152.30 | 64,315,222 | $ 30,228,154.34 |
| STORE Capital Corp | STOR | $431.30 | 14,754,811 | $ 22,722,408.94 |
| Celanese Corp | CE | $1,126.00 | 7,880,998 | $ 21,436,314.56 |
| Visa Inc | V | $1,840.10 | 8,297,460 | $ 12,446,190.00 |
| Ally Financial Inc | ALLY | $390.00 | 8,969,420 | $ 10,763,304.00 |
| Aon PLC | AON | $1,431.50 | 4,396,000 | $ 9,847,040.00 |
| Mastercard Inc | MA | $1,424.70 | 3,986,648 | $ 7,813,830.08 |
| Mckesson Corp | MCK | $894.50 | 2,921,975 | $ 5,493,313.00 |
| Globe Life Inc | GL | $639.20 | 6,353,727 | $ 5,273,593.41 |
| Verizon Communications Inc | VZ | $70.30 | 1,380,111 | $ 3,533,084.16 |
| Johnson & Johnson | JNJ | $58.00 | 327,100 | $ 1,478,492.00 |
| Procter & Gamble Co | PG | $48.20 | 315,400 | $ 1,152,219.28 |
| Royalty Pharma PLC | RPRX | $58.30 | 1,496,372 | $ 1,047,460.40 |
| Marsh & McLennan Companies Inc | MMC | $69.00 | 404,911 | $ 866,509.54 |
| Mondelez International Inc | MDLZ | $36.30 | 578,000 | $ 809,200.00 |
| United Parcel Service Inc | UPS | $12.70 | 59,400 | $ 361,152.00 |
| Vanguard 500 Index Fund | VOO | $17.90 | 43,000 | $ 236,070.00 |
| SPDR S&P 500 ETF Trust | SPY | $17.80 | 39,400 | $ 228,914.00 |
For the quarter ended on March 31, 2022, Warren Buffett and his lieutenants Todd and Ted added to the following existing positions:
Buffett seems to be a big fan of Oil and Gas companies as of recently, with his large investments in Occidental Petroleum and Chevron. He also seems to be investing in financials such as Ally and Citigroup, as well as Markel. This was an interesting investment, after his acquisition of Alleghany (Y).
They reduced ownership in the following companies:
Looks like he sold out of a lot of companies that Dividend Growth Investors own. For example Verizon, Bristol-Myers Squibb and Abbvie, as well as STORE Capital. Perhaps he wants to sell the more stable and dependable companies, that won’t fall as much during a recession, and instead invest in companies that are cheaper and down more.
