BERKSHIRE ASSET MANAGEMENT LLC/PA

CIK

949012

Location

WILKES BARRE, PA

Portfolio Value

Mid $2,055,865,248

Diversification

Diversified

Filing Date

Global Rank

#1,190 / 8,586 ▲ 15

Top Industry

Drug Manufacturers - General 9.8%

3Y Alpha vs SPY

-5.5%

Period ended 3 months ago

Filed May 11, 2026 · 36d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+54.9%

SPY

+78.1%

Annualised alpha

-5.5%

Max drawdown

−14.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

203 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.0%

−0.6 pts

Top 5

19.9%

−1.2 pts

Top 10

34.5%

−0.9 pts

HHI

230

Diversified−2

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	18.9%	$388,484,224	36
Technology	18.7%	$383,630,775	27
Industrials	16.8%	$345,956,723	38
Healthcare	11.8%	$242,738,945	24
Consumer Defensive	10.5%	$214,890,817	17
Energy	9.1%	$186,670,143	13
Consumer Cyclical	6.8%	$138,982,902	21
Basic Materials	3.1%	$63,281,417	4
Utilities	2.4%	$48,850,077	5
Communication Services	1.2%	$24,735,516	10
Unclassified	0.7%	$14,180,475	6
Real Estate	0.2%	$3,463,234	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CPB	CAMPBELL'S Co	+34,400	107,123	$2,385,629
MDLZ	Mondelez International, Inc.	+31,929	596,035	$34,355,457
GIS	General Mills Inc	+25,870	425,612	$15,841,278
EOG	Eog Resources Inc	+16,920	282,563	$40,850,132
PPL	PPL Corp	+16,791	1,152,847	$44,038,755
KO	Coca Cola Co	+12,097	149,210	$11,347,420
LEN	Lennar Corp /New/	+11,984	314,480	$27,309,443
LEG	Leggett & Platt Inc	+11,500	48,042	$474,654
BMY	Bristol Myers Squibb Co	+11,222	593,856	$36,017,366
AOS	Smith A O Corp	+8,402	397,432	$26,206,666
AAPL	Apple Inc.	+8,252	281,756	$71,506,855
HON	Honeywell International Inc	+8,187	216,047	$48,833,103
MSFT	Microsoft Corp	+6,604	190,355	$70,463,710
ABT	Abbott Laboratories	+5,646	306,714	$31,490,326
PG	PROCTER & GAMBLE Co	+5,213	231,405	$33,424,138
AMZN	Amazon Com Inc	+5,156	42,305	$8,810,862
UBER	Uber Technologies, Inc	+4,820	9,956	$716,135
KMI	Kinder Morgan, Inc.	+4,720	1,222,679	$40,996,426
ABBV	AbbVie Inc.	+3,922	380,870	$82,835,416
WM	Waste Management Inc	+3,393	238,681	$54,846,506
MTB	M&T Bank Corp	+3,313	244,256	$50,492,600
PEP	Pepsico Inc	+2,864	176,906	$27,471,732
FAST	Fastenal Co	+2,658	11,554	$536,105
GOOGL	Alphabet Inc.	+2,655	20,739	$5,963,706
LMT	Lockheed Martin Corp	+2,587	85,956	$51,950,946
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
INTC	Intel Corp	−43,121	23,681	$1,045,042
ET	Energy Transfer LP	−9,620	21,471	$414,390
WMT	Walmart Inc.	−6,827	384,220	$47,750,861
KHC	Kraft Heinz Co	−5,792	113,456	$2,551,625
PFE	Pfizer Inc	−5,293	94,145	$2,643,591
VZ	Verizon Communications Inc	−4,990	41,921	$2,104,434
ORCL	Oracle Corp	−4,565	15,957	$2,347,434
CSCO	Cisco Systems, Inc.	−4,461	861,657	$66,855,966
MRP	Millrose Properties, Inc.	−3,792	105,181	$2,945,068
UPS	United Parcel Service Inc	−2,329	5,317	$523,086
JPM	Jpmorgan Chase & Co	−2,090	346,340	$101,879,374
ADP	Automatic Data Processing Inc	−1,877	18,727	$3,804,951
XOM	Exxon Mobil Corp	−1,683	33,863	$5,745,196
JNJ	Johnson & Johnson	−1,406	249,741	$61,046,690
DIS	Walt Disney Co	−1,246	85,915	$8,280,487
NSC	Norfolk Southern Corp	−1,195	155,740	$44,697,380
BRK-B	Berkshire Hathaway Inc	−1,149	16,054	$7,693,076
MDT	Medtronic plc	−1,124	45,234	$3,919,526
PHM	Pultegroup Inc/Mi/	−1,045	134,957	$15,872,292
PGR	Progressive Corp/Oh/	−982	4,203	$833,202
BP	Bp PLC	−844	5,509	$258,923
CBU	Community Financial System, Inc.	−737	21,514	$1,261,796
MCD	Mcdonalds Corp	−678	127,867	$39,739,784
HD	Home Depot, Inc.	−618	8,425	$2,770,898
VTRS	Viatris Inc	−595	21,867	$295,423
No positions match the current search.

New Positions

Positions the filer opened this quarter

20 positions

Ticker	Company	Shares	Value
VSNT	Versant Media Group, Inc.	31,838	$1,178,642
CART	Maplebear Inc.	30,505	$1,142,717
PNFP	Pinnacle Financial Partners, Inc.	11,347	$977,430
MHK	Mohawk Industries Inc	7,700	$758,142
SO	Southern Co	3,057	$295,061
GLW	Corning Inc /Ny	1,950	$265,141
NFLX	Netflix Inc	2,550	$245,182
ETN	Eaton Corp plc	678	$242,500
GILD	Gilead Sciences, Inc.	1,735	$241,806
SPHR	Sphere Entertainment Co.	2,000	$234,800
Q	Qnity Electronics, Inc.	2,017	$232,721
MHD	Blackrock Muniholdings Fund, Inc.	20,614	$232,525
CTRA	Coterra Energy Inc.	6,275	$220,503
LUV	Southwest Airlines Co	5,643	$212,007
PCAR	Paccar Inc	1,813	$209,401
VLO	Valero Energy Corp/Tx	844	$208,535
TT	Trane Technologies plc	492	$205,036
NOC	Northrop Grumman Corp /De/	297	$202,625
MPC	Marathon Petroleum Corp	824	$201,204
IAU	Ishares Gold Trust	2,278	$200,828
No positions match the current search.

Sold Out

Positions the filer fully exited

15 positions

Ticker	Company	Shares	Value
WPC	W. P. Carey Inc.	328,144	$21,119,347
EXPE	Expedia Group, Inc.	10,453	$2,961,439
SOLS	Solstice Advanced Materials Inc.	52,166	$2,534,224
BUD	Anheuser-Busch InBev SA/NV	6,005	$384,560
USB	US Bancorp De	6,764	$360,927
TTE	TotalEnergies SE	4,095	$267,894
TSCO	Tractor Supply Co /De/	5,281	$264,102
FCX	Freeport-Mcmoran Inc	4,961	$251,969
ZTS	Zoetis Inc.	1,977	$248,746
BN	BROOKFIELD Corp /ON/	4,630	$212,470
D	Dominion Energy, Inc	3,625	$212,388
HPQ	Hp Inc	9,192	$204,797
COR	Cencora, Inc.	598	$201,974
BDX	Becton Dickinson & Co	1,087	$165,844
DVLT	Datavault AI Inc.	10,000	$6,500
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

203 positions · $2,055,865,248 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 203 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
JPM	Jpmorgan Chase & Co Financial Services	Reduced	346,340	-2,090	$101,879,374	−9.3%	4.96%
ABBV	AbbVie Inc. Healthcare	Added	380,870	+3,922	$82,835,416	−3.8%	4.03%
CVX	Chevron Corp Energy	Added	393,783	+1,731	$81,473,702	+36.4%	3.96%
AAPL	Apple Inc. Technology	Added	281,756	+8,252	$71,506,855	−3.8%	3.48%
MSFT	Microsoft Corp Technology	Added	190,355	+6,604	$70,463,710	−20.7%	3.43%
CSCO	Cisco Systems, Inc. Technology	Reduced	861,657	-4,461	$66,855,966	+0.2%	3.25%
JNJ	Johnson & Johnson Healthcare	Reduced	249,741	-1,406	$61,046,690	+17.5%	2.97%
NUE	Nucor Corp Basic Materials	Added	360,065	+1,293	$60,886,991	+4.0%	2.96%
BAC	Bank Of America Corp /De/ Financial Services	Added	1,173,442	+2,317	$57,205,297	−11.2%	2.78%
WM	Waste Management Inc Industrials	Added	238,681	+3,393	$54,846,506	+6.1%	2.67%
TEL	TE Connectivity plc Technology	Reduced	250,634	-320	$52,387,518	−8.2%	2.55%
LMT	Lockheed Martin Corp Industrials	Added	85,956	+2,587	$51,950,946	+28.8%	2.53%
DELL	Dell Technologies Inc. Technology	Added	311,632	+2,205	$51,148,160	+31.3%	2.49%
MTB	M&T Bank Corp Financial Services	Added	244,256	+3,313	$50,492,600	+4.0%	2.46%
HON	Honeywell International Inc Industrials	Added	216,047	+8,187	$48,833,103	+20.4%	2.38%
WMT	Walmart Inc. Consumer Defensive	Reduced	384,220	-6,827	$47,750,861	+9.6%	2.32%
NSC	Norfolk Southern Corp Industrials	Reduced	155,740	-1,195	$44,697,380	−1.4%	2.17%
PPL	PPL Corp Utilities	Added	1,152,847	+16,791	$44,038,755	+10.7%	2.14%
CB	Chubb Ltd Financial Services	Added	128,652	+313	$41,931,546	+4.7%	2.04%
PNC	Pnc Financial Services Group, Inc. Financial Services	Added	199,273	+206	$41,466,718	−0.2%	2.02%
EMR	Emerson Electric Co Industrials	Reduced	316,076	-351	$41,412,277	−1.4%	2.01%
KMI	Kinder Morgan, Inc. Energy	Added	1,222,679	+4,720	$40,996,426	+22.4%	1.99%
EOG	Eog Resources Inc Energy	Added	282,563	+16,920	$40,850,132	+46.4%	1.99%
DE	Deere & Co Industrials	Added	72,147	+581	$40,640,405	+22.0%	1.98%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	127,867	-678	$39,739,784	+1.2%	1.93%
QCOM	Qualcomm Inc/De Technology	Added	301,081	+1,420	$38,773,211	−24.4%	1.89%
SCHW	Schwab Charles Corp Financial Services	Added	406,658	+1,293	$38,217,718	−5.6%	1.86%
BMY	Bristol Myers Squibb Co Healthcare	Added	593,856	+11,222	$36,017,366	+14.6%	1.75%
LOW	Lowes Companies Inc Consumer Cyclical	Added	151,353	+347	$35,761,686	−1.8%	1.74%
MDLZ	Mondelez International, Inc. Consumer Defensive	Added	596,035	+31,929	$34,355,457	+13.1%	1.67%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	231,405	+5,213	$33,424,138	+3.1%	1.63%
ABT	Abbott Laboratories Healthcare	Added	306,714	+5,646	$31,490,326	−16.5%	1.53%
HSY	Hershey Co Consumer Defensive	Added	147,259	+1,105	$30,613,673	+15.1%	1.49%
PEP	Pepsico Inc Consumer Defensive	Added	176,906	+2,864	$27,471,732	+10.0%	1.34%
LEN	Lennar Corp /New/ Consumer Cyclical	Added	314,480	+11,984	$27,309,443	−12.2%	1.33%
AOS	Smith A O Corp Industrials	Added	397,432	+8,402	$26,206,666	+0.7%	1.27%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	237,109	-342	$18,876,247	−14.7%	0.92%
PHM	Pultegroup Inc/Mi/ Consumer Cyclical	Reduced	134,957	-1,045	$15,872,292	−0.5%	0.77%
GIS	General Mills Inc Consumer Defensive	Added	425,612	+25,870	$15,841,278	−14.8%	0.77%
COP	Conocophillips Energy	Reduced	100,560	-463	$13,273,920	+40.4%	0.65%
KO	Coca Cola Co Consumer Defensive	Added	149,210	+12,097	$11,347,420	+18.4%	0.55%
SPY	Spdr S&P 500 ETF Trust	Reduced	17,072	-314	$11,102,604	−6.4%	0.54%
AMGN	Amgen Inc Healthcare	Reduced	26,738	-498	$9,407,765	+5.5%	0.46%
C	Citigroup Inc Financial Services	Reduced	78,590	-12	$8,912,891	−2.8%	0.43%
AMZN	Amazon Com Inc Consumer Cyclical	Added	42,305	+5,156	$8,810,862	+2.8%	0.43%
DIS	Walt Disney Co Communication Services	Reduced	85,915	-1,246	$8,280,487	−16.5%	0.40%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	16,054	-1,149	$7,693,076	−11.0%	0.37%
AVGO	Broadcom Inc. Technology	Reduced	20,790	-446	$6,434,712	−12.5%	0.31%
GE	General Electric Co Industrials	Reduced	21,917	-28	$6,219,387	−8.0%	0.30%
GOOGL	Alphabet Inc. Communication Services	Added	20,739	+2,655	$5,963,706	+5.4%	0.29%