Berkshire Asset Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Berkshire Asset Management LLC reported 279 stock positions worth $2.1 billion. Its top holding was JPMorgan Chase (JPM) at 5.0% of the portfolio, followed by Microsoft (MSFT, 3.9%) and Abbvie (ABBV, 3.1%). Compared with Q3 2024, it opened 24 new positions, sold out of 29, added to 64 and reduced 148. The biggest buy was a new position in Te Connectivity (TEL) and the biggest sale Nucor (NUE, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- WILKES BARRE, PA
- CIK
- 0000949012
- Portfolio Value
- $2.1B (Q4 2024)
- SEC Filing
- 0001398344-25-002126 ↗ filed Feb 7, 2025
Holdings Value
Holdings 279 stocks · $2.1B
| JPM JPMorgan Chase & Co. | 5.04% | 402,201 | $106.5M | Reduce -4.2% |
| MSFT Microsoft Corp. | 3.89% | 185,307 | $82.3M | Reduce -8.1% |
| ABBV Abbvie Inc. | 3.12% | 387,957 | $66.1M | Reduce -4.4% |
| CVX Chevron Corp. | 2.89% | 392,633 | $61.1M | Reduce -2.8% |
| AAPL Apple Inc. | 2.88% | 273,048 | $60.8M | Reduce -5.0% |
| WMT Walmart Inc. | 2.70% | 603,054 | $57.1M | Reduce -2.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.67% | 1,212,578 | $56.4M | Reduce -26.0% |
| CSCO Cisco Systems Inc. | 2.57% | 873,826 | $54.4M | Reduce -4.2% |
| WM Waste Management Inc. | 2.43% | 245,136 | $51.3M | Reduce -3.7% |
| QCOM Qualcomm Inc. | 2.41% | 296,145 | $51.0M | Reduce -3.3% |
| HON Honeywell International Inc. | 2.28% | 217,812 | $48.2M | Add +30.4% |
| EMR Emerson Electric Co. | 2.22% | 359,083 | $46.9M | Reduce -2.5% |
| NUE Nucor Corp. | 2.04% | 353,483 | $43.2M | Reduce -1.0% |
| LMT Lockheed Martin Corp. | 2.04% | 86,647 | $43.1M | Reduce -4.7% |
| PPL PPL Corp. | 1.90% | 1,220,942 | $40.1M | Add +0.1% |
| NSC Norfolk Southern Corp. | 1.88% | 155,748 | $39.7M | Reduce -0.8% |
| PNC PNC Financial Services Group | 1.87% | 197,998 | $39.5M | Reduce -3.2% |
| TEL Te Connectivity PLC | 1.85% | 252,707 | $39.1M | New |
| LOW Lowe's Cos Inc. | 1.84% | 148,763 | $39.0M | Reduce -3.0% |
| PG The Procter & Gamble Co. | 1.84% | 236,616 | $38.8M | Add +0.9% |
| ABT Abbott Laboratories | 1.80% | 304,648 | $38.1M | Reduce -0.5% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 1.79% | 189,950 | $37.8M | Reduce -3.3% |
| JNJ Johnson & Johnson | 1.75% | 252,174 | $37.0M | Reduce -3.5% |
| KMI Kinder Morgan Inc. | 1.75% | 1,221,018 | $37.0M | Reduce -2.2% |
| MCD McDonald's Corp. | 1.73% | 128,316 | $36.6M | Reduce -1.6% |
| BMY Bristol-Myers Squibb Co. | 1.65% | 583,850 | $34.8M | Reduce -4.2% |
| CB Chubb Ltd. | 1.65% | 130,606 | $34.8M | Reduce -1.9% |
| MDLZ Mondelez International Inc. Class A | 1.62% | 595,291 | $34.2M | Reduce -4.0% |
| DE Deere & Co. | 1.60% | 70,641 | $33.8M | Reduce -2.3% |
| SCHW Schwab (charles) Corp. | 1.56% | 402,082 | $32.9M | Reduce -1.9% |
| MRK Merck & Co. Inc. | 1.54% | 340,028 | $32.5M | Reduce -1.9% |
| GIS General Mills Inc. | 1.24% | 433,110 | $26.2M | Reduce -5.2% |
| PEP Pepsico Inc. | 1.21% | 171,556 | $25.6M | Reduce -1.4% |
| EOG EOG Resources Inc. | 1.16% | 186,769 | $24.6M | Add +3.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.90% | 68,950 | $19.1M | Reduce -11.4% |
| WFC Wells Fargo & Co. | 0.89% | 244,011 | $18.9M | Reduce -11.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.88% | 73,602 | $18.5M | Reduce -15.1% |
| SCHM Schwab US Mid Cap ETF | 0.86% | 623,369 | $18.2M | Add +3.8% |
| WPC WP Carey Inc. | 0.84% | 322,771 | $17.8M | Reduce -2.8% |
| PFE Pfizer Inc. | 0.83% | 669,239 | $17.5M | Reduce -4.9% |
| SCHF Schwab Intl Equity ETF | 0.83% | 901,819 | $17.5M | Add +8.5% |
| PHM Pultegroup Inc. | 0.80% | 145,529 | $16.8M | Reduce -3.7% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.77% | 349,615 | $16.2M | Add +5.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.62% | 220,420 | $13.1M | Add +7.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.59% | 26,905 | $12.5M | Reduce -3.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.56% | 19,644 | $11.9M | Reduce -13.7% |
| HSY The Hershey Co. | 0.50% | 70,563 | $10.6M | Reduce -1.8% |
| COP Conocophillips | 0.50% | 103,502 | $10.5M | Reduce -5.5% |
| SGOV iShares 0-3 Month Treasury B | 0.47% | 99,398 | $10.0M | Add +527.0% |
| SCHG Schwab US Large-Cap Growth | 0.43% | 314,132 | $9.1M | Reduce -0.3% |
| KO The Coca-Cola Co. | 0.42% | 144,857 | $9.0M | Reduce -1.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.42% | 79,763 | $8.9M | Reduce -5.7% |
| IWF iShares Russell 1000 Growth | 0.38% | 19,122 | $7.9M | Reduce -2.5% |
| AMGN Amgen Inc. | 0.37% | 28,621 | $7.9M | Reduce -2.9% |
| AMZN Amazon.com Inc. | 0.37% | 33,041 | $7.8M | Add +4.1% |
| SCHV Schwab US Large-Cap Value | 0.36% | 277,858 | $7.6M | Add +14.6% |
| C Citigroup Inc. | 0.35% | 90,407 | $7.4M | Reduce -7.0% |
| SPTI SS SPDR P Int Term TSY ETF | 0.31% | 233,269 | $6.5M | Add +69.7% |
| VEA Vanguard Ftse Developed ETF | 0.31% | 129,557 | $6.5M | Reduce -0.1% |
| SCHX Schwab US Large-Cap ETF | 0.30% | 258,691 | $6.2M | Reduce -2.6% |
| ADP Automatic Data Processing | 0.29% | 20,403 | $6.1M | Reduce -11.0% |
| AVGO Broadcom Inc. | 0.27% | 23,378 | $5.7M | Add +794.0% |
| MDT Medtronic PLC | 0.27% | 63,321 | $5.7M | Reduce -18.6% |
| UNH Unitedhealth Group Inc. | 0.23% | 9,325 | $5.0M | Reduce -5.9% |
| SCHB Schwab US Broad Market ETF | 0.22% | 198,841 | $4.7M | Reduce -0.9% |
| GE General Electric filed as GE AEROSPACE | 0.22% | 23,611 | $4.6M | Reduce -13.8% |
| BX Blackstone Inc. | 0.21% | 23,672 | $4.4M | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 0.20% | 21,125 | $4.3M | Reduce -4.2% |
| IEF iShares 7-10 Year Treasury B | 0.20% | 45,819 | $4.2M | Add +14.2% |
| IWD iShares Russell 1000 Value E | 0.20% | 21,350 | $4.1M | Add +73.2% |
| KHC The Kraft Heinz Co. | 0.19% | 139,785 | $4.1M | Reduce -23.5% |
| SPTS SS SPDR P St Term TSY ETF | 0.19% | 140,076 | $4.1M | Add +23.9% |
| XOM Exxon Mobil Corp. | 0.19% | 37,192 | $4.0M | Add +1.8% |
| HD Home Depot Inc. | 0.19% | 9,749 | $4.0M | Reduce -3.8% |
| ORCL Oracle Corp. | 0.19% | 21,704 | $4.0M | Reduce -6.2% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.19% | 145,679 | $3.9M | Add +5.7% |
| LEG Leggett & Platt Inc. | 0.18% | 356,382 | $3.8M | Reduce -14.6% |
| GOOGL Alphabet Inc. Class A | 0.17% | 18,418 | $3.7M | Reduce -2.1% |
| CBU Community Financial System I | 0.17% | 53,188 | $3.5M | Reduce -0.8% |
| IWM iShares Russell 2000 ETF | 0.16% | 14,774 | $3.4M | Add +1.8% |
| XLP SS Consumer Staples Sel Sect | 0.16% | 42,702 | $3.3M | Add +874.3% |
| VGK Vanguard Ftse Europe ETF | 0.15% | 47,277 | $3.2M | Reduce -0.6% |
| LLY Eli Lilly & Co. | 0.15% | 3,969 | $3.1M | Add +2.1% |
| IAU iShares Gold Trust | 0.14% | 54,758 | $2.9M | No change |
| NVDA Nvidia Corp. | 0.13% | 19,712 | $2.8M | Reduce -62.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 12,429 | $2.8M | Add +73.4% |
| SHY iShares 1-3 Year Treasury Bo | 0.13% | 33,673 | $2.8M | Reduce -15.1% |
| FLR Fluor Corp. | 0.13% | 50,000 | $2.7M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.13% | 60,588 | $2.7M | Reduce -27.6% |
| DVY iShares Select Dividend ETF | 0.13% | 19,849 | $2.7M | Reduce -4.8% |
| GEV GE Vernova Inc. | 0.13% | 6,375 | $2.7M | Add +0.0% |
| LUV Southwest Airlines Co. | 0.13% | 83,118 | $2.7M | Add +91.6% |
| IGRO iShares Intl Div Growth ETF | 0.12% | 35,627 | $2.5M | Reduce -1.2% |
| SCHA Schwab US Small-Cap ETF | 0.12% | 91,552 | $2.5M | Reduce -2.7% |
| AEP American Electric Power | 0.12% | 24,923 | $2.4M | Reduce -12.7% |
| SCHD Schwab US DVD Equity ETF | 0.12% | 86,750 | $2.4M | Reduce -2.7% |
| VTWV Vanguard Russell 2000 Value | 0.11% | 16,252 | $2.4M | Reduce -20.9% |
| RTX RTX Corp. | 0.11% | 19,210 | $2.4M | New |
| AXP American Express Co. | 0.11% | 7,445 | $2.4M | Reduce -13.7% |
| META Meta Platforms Inc. Class A | 0.11% | 3,624 | $2.3M | Add +14.2% |
Portfolio Sells Q3 2024 → Q4 2024
| NUE Nucor Corp. | Reduce -1.0% | 2.04% | −0.83 |
| QCOM Qualcomm Inc. | Reduce -3.3% | 2.41% | −0.69 |
| MSFT Microsoft Corp. | Reduce -8.1% | 3.89% | −0.69 |
| BAC Bank of America Corp. | Reduce -26.0% | 2.67% | −0.65 |
| MRK Merck & Co. Inc. | Reduce -1.9% | 1.54% | −0.64 |
| MDLZ Mondelez International Inc. Class A | Reduce -4.0% | 1.62% | −0.45 |
| ABBV Abbvie Inc. | Reduce -4.4% | 3.12% | −0.41 |
| WM Waste Management Inc. | Reduce -3.7% | 2.43% | −0.33 |
| CVX Chevron Corp. | Reduce -2.8% | 2.89% | −0.32 |
| PEP Pepsico Inc. | Reduce -1.4% | 1.21% | −0.25 |
| GIS General Mills Inc. | Reduce -5.2% | 1.24% | −0.23 |
| AAPL Apple Inc. | Reduce -5.0% | 2.88% | −0.20 |
| NVDA Nvidia Corp. | Reduce -62.5% | 0.13% | −0.20 |
| JNJ Johnson & Johnson | Reduce -3.5% | 1.75% | −0.19 |
| PFE Pfizer Inc. | Reduce -4.9% | 0.83% | −0.18 |
| HSY The Hershey Co. | Reduce -1.8% | 0.50% | −0.17 |
| COP Conocophillips | Reduce -5.5% | 0.50% | −0.14 |
| LMT Lockheed Martin Corp. | Reduce -4.7% | 2.04% | −0.12 |
| SCHO Schwab Short-Term US Treas | Reduce -48.9% | 0.11% | −0.12 |
| INTC Intel Corp. | Reduce -32.1% | 0.08% | −0.11 |
| KHC The Kraft Heinz Co. | Reduce -23.5% | 0.19% | −0.11 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −0.11 |
| AMGN Amgen Inc. | Reduce -2.9% | 0.37% | −0.10 |
| WPC WP Carey Inc. | Reduce -2.8% | 0.84% | −0.09 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -15.1% | 0.88% | −0.08 |
| CB Chubb Ltd. | Reduce -1.9% | 1.65% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -13.7% | 0.56% | −0.07 |
| LEG Leggett & Platt Inc. | Reduce -14.6% | 0.18% | −0.06 |
| VWO Vanguard Ftse Emerging Marke | Reduce -27.6% | 0.13% | −0.06 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -11.4% | 0.90% | −0.05 |
| KO The Coca-Cola Co. | Reduce -1.2% | 0.42% | −0.05 |
| PHM Pultegroup Inc. | Reduce -3.7% | 0.80% | −0.05 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.04 |
| MDT Medtronic PLC | Reduce -18.6% | 0.27% | −0.04 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -15.1% | 0.13% | −0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -17.2% | 0.08% | −0.03 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -33.3% | 0.07% | −0.03 |
| DELL Dell Technologies -C | Reduce -0.0% | 0.09% | −0.03 |
| VTWV Vanguard Russell 2000 Value | Reduce -20.9% | 0.11% | −0.03 |
| MBB iShares MBS ETF | Sold out | 0.00% | −0.03 |
| CZR Caesars Entertainment Inc. | Sold out | 0.00% | −0.03 |
| FLRN SS SPDR BB Ig Float RT ETF | Sold out | 0.00% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -5.9% | 0.23% | −0.02 |
| MLM Martin Marietta Materials | Sold out | 0.00% | −0.02 |
| HTZ Hertz Global Hldgs Inc. | Reduce -50.0% | 0.02% | −0.02 |
| GD General Dynamics Corp. | Reduce -38.6% | 0.02% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.1% | 0.31% | −0.02 |
| VTRS Viatris Inc. | Reduce -34.6% | 0.03% | −0.02 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.02 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Reduce -15.6% | 0.06% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| TEL Te Connectivity PLC | New | 1.85% | +1.85 |
| HON Honeywell International Inc. | Add +30.4% | 2.28% | +0.47 |
| SGOV iShares 0-3 Month Treasury B | Add +527.0% | 0.47% | +0.39 |
| PPL PPL Corp. | Add +0.1% | 1.90% | +0.18 |
| XLP SS Consumer Staples Sel Sect | Add +874.3% | 0.16% | +0.14 |
| RTX RTX Corp. | New | 0.11% | +0.11 |
| SPTI SS SPDR P Int Term TSY ETF | Add +69.7% | 0.31% | +0.11 |
| IWD iShares Russell 1000 Value E | Add +73.2% | 0.20% | +0.09 |
| GEV GE Vernova Inc. | Add +0.0% | 0.13% | +0.07 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +5.8% | 0.77% | +0.07 |
| IBM Intl Business Machines Corp. | Add +73.4% | 0.13% | +0.07 |
| SCHM Schwab US Mid Cap ETF | Add +3.8% | 0.86% | +0.07 |
| LUV Southwest Airlines Co. | Add +91.6% | 0.13% | +0.06 |
| MBUU Malibu Boats Inc. Class A | New | 0.06% | +0.06 |
| AVGO Broadcom Inc. | Add +794.0% | 0.27% | +0.06 |
| AMZN Amazon.com Inc. | Add +4.1% | 0.37% | +0.06 |
| SCHV Schwab US Large-Cap Value | Add +14.6% | 0.36% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.05% | +0.05 |
| BABA Alibaba Group Holding-SP ADR | New | 0.04% | +0.04 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.04% | +0.04 |
| IWV iShares Russell 3000 ETF | Add +35.3% | 0.11% | +0.03 |
| META Meta Platforms Inc. Class A | Add +14.2% | 0.11% | +0.03 |
| SPTS SS SPDR P St Term TSY ETF | Add +23.9% | 0.19% | +0.03 |
| FULT Fulton Financial Corp. | New | 0.03% | +0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +89.2% | 0.05% | +0.02 |
| PFIS Peoples Financial Services | Add +67.8% | 0.05% | +0.02 |
| PWR Quanta Services Inc. | New | 0.02% | +0.02 |
| OXY Occidental Petroleum Corp. | New | 0.02% | +0.02 |
| APD Air Products & Chemicals Inc. | Add +1.9% | 0.10% | +0.02 |
| PCAR Paccar Inc. | New | 0.02% | +0.02 |
| ISRG Intuitive Surgical Inc. | New | 0.01% | +0.01 |
| PM Philip Morris International | Add +2.2% | 0.08% | +0.01 |
| SCHF Schwab Intl Equity ETF | Add +8.5% | 0.83% | +0.01 |
| RJF Raymond James Financial Inc. | New | 0.01% | +0.01 |
| JGRW Jensen Quality Growth ETF | New | 0.01% | +0.01 |
| FERG Ferguson Enterprises Inc. | New | 0.01% | +0.01 |
| EOG EOG Resources Inc. | Add +3.7% | 1.16% | +0.01 |
| SNV Synovus Financial Corp. | Add +21.4% | 0.03% | +0.01 |
| TSLA Tesla Inc. | Add +4.7% | 0.02% | +0.01 |
| T AT&T Inc. | Add +0.6% | 0.11% | +0.01 |
| INTU Intuit Inc. | New | 0.01% | +0.01 |
| DGX Quest Diagnostics Inc. | New | 0.01% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.01% | +0.01 |
| DON Wisdomtree US Midcap Dividen | New | 0.01% | +0.01 |
| BRO Brown & Brown Inc. | New | 0.01% | +0.01 |
| IWR iShares Russell Mid-Cap ETF | New | 0.01% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +7.2% | 0.04% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +1.8% | 0.16% | +0.01 |
| SNA Snap-on Inc. | New | 0.01% | +0.01 |
| COIN Coinbase Global Inc. Class A | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 270 | $2.5B | JPM, DELL, CSCO, ABBV, AAPL |
| Q1 2026 | 263 | $2.3B | JPM, ABBV, CVX, AAPL, MSFT |
| Q4 2025 | 261 | $2.3B | JPM, MSFT, ABBV, AAPL, CSCO |
| Q3 2025 | 297 | $2.4B | JPM, MSFT, ABBV, AAPL, CVX |
| Q2 2025 | 285 | $2.2B | JPM, MSFT, ABBV, CSCO, AAPL |
| Q1 2025 | 282 | $2.1B | JPM, MSFT, ABBV, WM, AAPL |
| Q4 2024 | 279 | $2.1B | JPM, MSFT, ABBV, CVX, AAPL |
| Q3 2024 | 284 | $2.0B | MSFT, JPM, ABBV, BAC, CVX |
| Q2 2024 | 288 | $2.0B | MSFT, JPM, ABBV, BAC, CVX |
| Q1 2024 | 234 | $1.9B | MSFT, JPM, ABBV, NUE, CVX |