Here’s What Buffett Was Buying And Selling In Q3

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Berkshire Hathaway (NYSE: BRK-B) was a net seller of stocks in the third quarter of 2025, something it has done for 12 straight quarters. The company run by Warren Buffett for 60 years also continued to pile up the cash, reaching a record $382 billion in cash, far more than the $267 billion that was invested in stocks.

The company did make some significant additions to its portfolio, as reported in the 13F filing that came out on November 14. The most notable addition was Alphabet (NASDAQ: GOOG), the parent company of Google, as we detailed in a separate article.

But there were some other adds as well, along with some sells, including one stock Berkshire Hathaway completely exited out of.

Here are the top 10 Berkshire positions as of the end of Q3, courtesy of Whale Wisdom.

• Apple (AAPL) – 22.7%
• American Express (AXP) – 18.8%
• Bank of America (BAC) – 11%
• Coca-Cola (KO) – 9.9%
• Chevron (CVX) – 7.1%
• Occidental Petroleum (OXY) – 4.7%
• Moody’s (MCO) – 4.4%
• Chubb (CB) – 3.3%
• Kraft Heinz (KHC) – 3.2%
• DaVita (DVA) – 1.9%.

What Berkshire was buying in Q3

Berkshire Hathaway bought 17.8 million shares of Alphabet for a $4.3 billion investment representing 1.6% of the $267 billion portfolio.

The next biggest buy in Q3 was insurance company Chubb (NYSE: CB), as Buffett bought 4.3 million new shares, about 16% more than previously held. Chubb is now the eight largest position in the Berkshire portfolio, as the company owns about 33.1 million shares valued at $8.8 billion.

The next biggest buy was Domino’s Pizza (NYSE: DPZ). Buffett added 348K shares of the pizza chain, a 13% increase. Berkshire now owns about 3 million shares of Domino’s worth about $1.29 billion.

The third most significant add was Lamar Advertising (NASDAQ: LAMR), which makes billboards. Buffett added almost 33K shares of Lamar, a 3% increase. It now owns 1.2 million shares valued at $147 million.

In addition, Berkshire added about 2,000 shares of homebuilder Lennar (NYSE: LEN), a 0.03% increase. The company owns roughly 7 million shares of Lennar valued t $888 million.

What Berkshire was selling in Q3

While Berkshire Hathaway took a big stake in Alphabet, it continues to dump Apple (NASDAQ: AAPL) stock.

Buffett and Berkshire reduced their Apple stake by about 15%, selling nearly 42 million shares. Apple is still the largest position in the Berkshire portfolio, as the conglomerate owns some 238 million shares valued at about $61 billion. Apple represents about 22.7% of the total Berkshire portfolio, which is down more than half from around 49% a couple of years ago.

Buffett also dumped shares of his third largest holding, Bank of America (NYSE: BAC). Berkshire sold about 37 million shares of the nation’s second largest bank, a reduction of about 6%. Berkshire now owns about 568 million shares worth $29 billion, representing 11% of the portfolio.

The biggest sell was VeriSign (NASDAQ:VRSN), the provider of internet infrastructure and domain names. Berkshire dropped roughly 4.3 million shares of VeriSign, a reduction of 32%. It now owns about 9 million shares worth about $2.5 billion.

Also, Berkshire shed 1.6 million shares of healthcare company DaVita (NYSE: DVA), a 4.8% reduction. Berkshire now owns 32 million shares of DaVita worth $4.3 billion.

In addition, Berkshire Hathaway sold about 206K shares of steel manufacturer Nucor (NYSE: NUE). This was a 3% reduction. Berkshire now owns 6.4 million shares of Nucor valued at $868 million.

Finally, Buffett completely sold out of homebuilder DR Horton (NYSE:D HI) after just adding the stock to the portfolio in Q1. Berkshire solid all of the 1,5 million shares it held, valued at about $191 million. Berkshire has an on-again, off-again relationship with DR Horton as they also bought and sold out of it in 2023.

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