# BERKSHIRE ASSET MANAGEMENT LLC/PA

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 949012. Source: https://holderbook.com/funds/949012-berkshire-asset-management-llc-pa/

- Reported value: $2.5B
- Positions: 270
- Weight of the ten largest: 33.4%
- Filed: 2026-08-05

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $113.4M | 346,587 | 4.5% | 31 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $111.2M | 257,813 | 4.4% | 14 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $101.2M | 861,826 | 4.0% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $96.0M | 381,518 | 3.8% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $81.5M | 281,752 | 3.2% | 31 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $80.5M | 361,396 | 3.2% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $71.4M | 191,328 | 2.8% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $67.0M | 1,175,523 | 2.6% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $65.3M | 393,831 | 2.6% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $63.4M | 249,620 | 2.5% | 31 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $58.2M | 244,663 | 2.3% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $55.7M | 301,473 | 2.2% | 31 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $53.5M | 239,938 | 2.1% | 31 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $50.7M | 251,538 | 2.0% | 7 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $49.2M | 199,715 | 1.9% | 31 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $49.2M | 156,244 | 1.9% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $46.0M | 72,548 | 1.8% | 17 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $45.4M | 317,414 | 1.8% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $44.0M | 86,366 | 1.7% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $44.0M | 129,006 | 1.7% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $43.7M | 385,637 | 1.7% | 31 |
| PPL CORP | [PPL](https://holderbook.com/stocks/PPL/) | $42.2M | 1,160,251 | 1.7% | 31 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $39.3M | 1,228,385 | 1.5% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $38.2M | 414,077 | 1.5% | 14 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $37.0M | 285,424 | 1.5% | 17 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $36.6M | 135,331 | 1.4% | 31 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $35.3M | 1,273,951 | 1.4% | 31 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $34.6M | 599,001 | 1.4% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $34.3M | 595,848 | 1.3% | 31 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $34.3M | 593,958 | 1.3% | 13 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $34.1M | 232,744 | 1.3% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $33.6M | 152,500 | 1.3% | 14 |
| LENNAR CORP | [LEN](https://holderbook.com/stocks/LEN/) | $28.7M | 317,481 | 1.1% | 6 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $28.4M | 313,219 | 1.1% | 31 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $26.9M | 730,699 | 1.1% | 31 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $26.3M | 150,185 | 1.0% | 9 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $25.7M | 114,889 | 1.0% | 1 |
| SMITH A O CORP | [AOS](https://holderbook.com/stocks/AOS/) | $25.7M | 409,811 | 1.0% | 6 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $25.3M | 114,614 | 1.0% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $24.2M | 178,738 | 0.9% | 31 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $23.9M | 334,738 | 0.9% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $22.8M | 272,741 | 0.9% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $20.7M | 257,116 | 0.8% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $19.5M | 235,933 | 0.8% | 31 |
| PULTE GROUP INC | [PHM](https://holderbook.com/stocks/PHM/) | $18.1M | 131,951 | 0.7% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $17.2M | 56,738 | 0.7% | 17 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $14.4M | 425,185 | 0.6% | 17 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $12.2M | 24,409 | 0.5% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $12.0M | 16,036 | 0.5% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $11.4M | 140,605 | 0.4% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $11.2M | 156,941 | 0.4% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $10.8M | 77,271 | 0.4% | 31 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $10.4M | 100,490 | 0.4% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $10.0M | 80,832 | 0.4% | 17 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $9.9M | 283,186 | 0.4% | 17 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $9.8M | 332,719 | 0.4% | 31 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $9.8M | 269,821 | 0.4% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $9.7M | 40,601 | 0.4% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $9.6M | 26,566 | 0.4% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $8.2M | 85,031 | 0.3% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $7.7M | 20,452 | 0.3% | 14 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.0M | 19,451 | 0.3% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $6.5M | 18,524 | 0.3% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $5.7M | 96,284 | 0.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $5.6M | 194,384 | 0.2% | 17 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $5.1M | 13,767 | 0.2% | 20 |
| VANGUARD SCOTTSDALE FDS | [VTWV](https://holderbook.com/stocks/VTWV/) | $5.1M | 26,196 | 0.2% | 22 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.0M | 25,030 | 0.2% | 14 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $5.0M | 5,161 | 0.2% | 14 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.7M | 3,943 | 0.2% | 14 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $4.6M | 33,889 | 0.2% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $4.5M | 3,851 | 0.2% | 9 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $4.4M | 34,092 | 0.2% | 31 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $4.2M | 50,676 | 0.2% | 4 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $4.2M | 3,912 | 0.2% | 14 |
| TETRA TECHNOLOGIES INC DEL | [TTI](https://holderbook.com/stocks/TTI/) | $4.2M | 367,500 | 0.2% | 23 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $4.1M | 18,318 | 0.2% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $4.0M | 13,374 | 0.2% | 17 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $3.9M | 3,394 | 0.2% | 14 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $3.6M | 18,999 | 0.1% | 7 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $3.5M | 101,173 | 0.1% | 31 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $3.4M | 43,725 | 0.1% | 31 |
| ISHARES TR | [IGRO](https://holderbook.com/stocks/IGRO/) | $3.4M | 38,466 | 0.1% | 17 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $3.2M | 11,535 | 0.1% | 14 |
| MILLROSE PPTYS INC | [MRP](https://holderbook.com/stocks/MRP/) | $3.2M | 106,594 | 0.1% | 6 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $3.1M | 12,804 | 0.1% | 17 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $3.0M | 7,238 | 0.1% | 14 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $3.0M | 16,423 | 0.1% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.9M | 8,688 | 0.1% | 14 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.8M | 8,033 | 0.1% | 14 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $2.8M | 20,696 | 0.1% | 31 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $2.8M | 23,689 | 0.1% | 29 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $2.7M | 113,938 | 0.1% | 31 |
| FLUOR CORP | [FLR](https://holderbook.com/stocks/FLR/) | $2.6M | 50,000 | 0.1% | 20 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $2.5M | 11,949 | 0.1% | 23 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.5M | 4,389 | 0.1% | 14 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $2.4M | 22,756 | 0.1% | 17 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.3M | 15,512 | 0.1% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $2.3M | 29,456 | 0.1% | 17 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $2.2M | 26,460 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.3% | +14.8% | -4.5% | 100% |
| Q1 2026 | +1.3% | -4.6% | +5.9% | 100% |
| Q4 2025 | +0.8% | +2.4% | -1.6% | 100% |
| Q3 2025 | +6.5% | +7.8% | -1.3% | 100% |
| Q2 2025 | +4.1% | +10.5% | -6.4% | 102% |
| Q1 2025 | +1.3% | -4.6% | +5.8% | 97% |
| Q4 2024 | -1.5% | +2.1% | -3.6% | 106% |
| Q3 2024 | +6.5% | +5.4% | +1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.5B | 270 |
| Q1 2026 | $2.3B | 263 |
| Q4 2025 | $2.3B | 261 |
| Q3 2025 | $2.4B | 297 |
| Q2 2025 | $2.2B | 285 |
| Q1 2025 | $2.1B | 282 |
| Q4 2024 | $2.1B | 279 |
| Q3 2024 | $2.0B | 284 |
| Q2 2024 | $2.0B | 288 |
| Q1 2024 | $1.9B | 234 |
| Q4 2023 | $1.8B | 226 |
| Q3 2023 | $1.6B | 223 |