Berkshire Asset Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Berkshire Asset Management LLC reported 282 stock positions worth $2.1 billion. Its top holding was JPMorgan Chase (JPM) at 4.3% of the portfolio, followed by Microsoft (MSFT, 4.0%) and Abbvie (ABBV, 3.4%). Compared with Q4 2024, it opened 22 new positions, sold out of 19, added to 85 and reduced 113. The biggest buy was a new position in Lennar Class A (LEN) and the biggest sale Merck (MRK, shares −89%).
- Most Recent 13F
- Q2 2026
- Location
- WILKES BARRE, PA
- CIK
- 0000949012
- Portfolio Value
- $2.1B (Q1 2025)
- SEC Filing
- 0001398344-25-009324 ↗ filed May 14, 2025
Holdings Value
Holdings 282 stocks · $2.1B
| JPM JPMorgan Chase & Co. | 4.32% | 357,673 | $90.2M | Reduce -11.1% |
| MSFT Microsoft Corp. | 3.96% | 188,834 | $82.7M | Add +1.9% |
| ABBV Abbvie Inc. | 3.41% | 383,622 | $71.2M | Reduce -1.1% |
| WM Waste Management Inc. | 2.64% | 236,003 | $55.2M | Reduce -3.7% |
| AAPL Apple Inc. | 2.62% | 276,938 | $54.7M | Add +1.4% |
| CSCO Cisco Systems Inc. | 2.54% | 889,741 | $53.1M | Add +1.8% |
| CVX Chevron Corp. | 2.53% | 385,956 | $52.9M | Reduce -1.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.41% | 1,208,340 | $50.3M | Reduce -0.3% |
| HON Honeywell International Inc. | 2.23% | 216,757 | $46.5M | Reduce -0.5% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 2.08% | 244,868 | $43.5M | Add +28.9% |
| QCOM Qualcomm Inc. | 2.07% | 297,417 | $43.2M | Add +0.4% |
| ABT Abbott Laboratories | 1.98% | 308,390 | $41.3M | Add +1.2% |
| PPL PPL Corp. | 1.97% | 1,153,694 | $41.1M | Reduce -5.5% |
| LMT Lockheed Martin Corp. | 1.97% | 86,533 | $41.1M | Reduce -0.1% |
| MCD McDonald's Corp. | 1.96% | 129,783 | $40.9M | Add +1.1% |
| EMR Emerson Electric Co. | 1.95% | 361,785 | $40.7M | Add +0.8% |
| NUE Nucor Corp. | 1.92% | 347,148 | $40.1M | Reduce -1.8% |
| MDLZ Mondelez International Inc. Class A | 1.91% | 594,771 | $40.0M | Reduce -0.1% |
| JNJ Johnson & Johnson | 1.90% | 255,258 | $39.7M | Add +1.2% |
| TEL Te Connectivity PLC | 1.86% | 255,133 | $38.8M | Add +1.0% |
| WMT Walmart Inc. | 1.82% | 390,151 | $38.0M | Reduce -35.3% |
| CB Chubb Ltd. | 1.80% | 130,245 | $37.6M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 1.79% | 235,780 | $37.5M | Reduce -0.3% |
| DE Deere & Co. | 1.68% | 71,516 | $35.0M | Add +1.2% |
| SCHW Schwab (charles) Corp. | 1.66% | 411,686 | $34.7M | Add +2.4% |
| NSC Norfolk Southern Corp. | 1.65% | 154,875 | $34.4M | Reduce -0.6% |
| LOW Lowe's Cos Inc. | 1.64% | 152,120 | $34.1M | Add +2.3% |
| KMI Kinder Morgan Inc. | 1.60% | 1,223,913 | $33.4M | Add +0.2% |
| LEN Lennar Corp. Class A | 1.60% | 304,775 | $33.4M | New |
| PNC PNC Financial Services Group | 1.60% | 200,157 | $33.4M | Add +1.1% |
| EOG EOG Resources Inc. | 1.39% | 264,404 | $29.0M | Add +41.6% |
| DELL Dell Technologies -C | 1.38% | 299,037 | $28.8M | Add +1672.0% |
| BMY Bristol-Myers Squibb Co. | 1.30% | 580,570 | $27.2M | Reduce -0.6% |
| AOS Smith (a.o.) Corp. | 1.26% | 385,579 | $26.2M | New |
| HSY The Hershey Co. | 1.18% | 145,457 | $24.7M | Add +106.1% |
| GIS General Mills Inc. | 1.10% | 420,286 | $23.0M | Reduce -3.0% |
| PEP Pepsico Inc. | 1.08% | 170,869 | $22.5M | Reduce -0.4% |
| SCHF Schwab Intl Equity ETF | 1.02% | 1,024,164 | $21.3M | Add +13.6% |
| WPC WP Carey Inc. | 0.96% | 328,204 | $19.9M | Add +1.7% |
| WFC Wells Fargo & Co. | 0.85% | 241,889 | $17.7M | Reduce -0.9% |
| SCHM Schwab US Mid Cap ETF | 0.83% | 654,843 | $17.3M | Add +5.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.81% | 64,647 | $17.0M | Reduce -6.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.81% | 75,301 | $16.8M | Add +2.3% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.72% | 369,762 | $14.9M | Add +5.8% |
| PHM Pultegroup Inc. | 0.71% | 143,009 | $14.8M | Reduce -1.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.70% | 231,606 | $14.6M | Add +5.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.61% | 24,807 | $12.7M | Reduce -7.8% |
| SCHG Schwab US Large-Cap Growth | 0.59% | 470,804 | $12.2M | Add +49.9% |
| SGOV iShares 0-3 Month Treasury B | 0.54% | 112,688 | $11.3M | Add +13.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.51% | 18,875 | $10.7M | Reduce -3.9% |
| IWD iShares Russell 1000 Value E | 0.50% | 56,005 | $10.4M | Add +162.3% |
| KO The Coca-Cola Co. | 0.48% | 141,223 | $10.1M | Reduce -2.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.45% | 89,812 | $9.4M | Add +12.6% |
| COP Conocophillips | 0.43% | 102,562 | $9.1M | Reduce -0.9% |
| IWF iShares Russell 1000 Growth | 0.40% | 22,109 | $8.3M | Add +15.6% |
| SPTI SS SPDR P Int Term TSY ETF | 0.37% | 270,135 | $7.7M | Add +15.8% |
| AMGN Amgen Inc. | 0.36% | 27,931 | $7.6M | Reduce -2.4% |
| VEA Vanguard Ftse Developed ETF | 0.33% | 129,923 | $6.9M | Add +0.3% |
| ADP Automatic Data Processing | 0.32% | 21,976 | $6.7M | Add +7.7% |
| AMZN Amazon.com Inc. | 0.32% | 35,069 | $6.7M | Add +6.1% |
| C Citigroup Inc. | 0.31% | 91,571 | $6.6M | Add +1.3% |
| SCHV Schwab US Large-Cap Value | 0.29% | 229,957 | $6.0M | Reduce -17.2% |
| SCHX Schwab US Large-Cap ETF | 0.29% | 269,581 | $6.0M | Add +4.2% |
| MDT Medtronic PLC | 0.24% | 60,232 | $5.0M | Reduce -4.9% |
| GE General Electric filed as GE AEROSPACE | 0.23% | 22,861 | $4.9M | Reduce -3.2% |
| SPTS SS SPDR P St Term TSY ETF | 0.23% | 167,011 | $4.9M | Add +19.2% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.22% | 162,539 | $4.6M | Add +11.6% |
| AVGO Broadcom Inc. | 0.22% | 21,833 | $4.5M | Reduce -6.6% |
| SCHB Schwab US Broad Market ETF | 0.21% | 196,668 | $4.3M | Reduce -1.1% |
| XOM Exxon Mobil Corp. | 0.19% | 36,509 | $3.9M | Reduce -1.8% |
| IEF iShares 7-10 Year Treasury B | 0.18% | 40,988 | $3.9M | Reduce -10.5% |
| KHC The Kraft Heinz Co. | 0.18% | 130,742 | $3.7M | Reduce -6.5% |
| HD Home Depot Inc. | 0.18% | 10,205 | $3.7M | Add +4.7% |
| UNH Unitedhealth Group Inc. | 0.17% | 8,894 | $3.5M | Reduce -4.6% |
| BX Blackstone Inc. | 0.16% | 24,452 | $3.4M | Add +3.3% |
| IAU iShares Gold Trust | 0.16% | 54,758 | $3.4M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.16% | 72,959 | $3.4M | Add +20.4% |
| VGK Vanguard Ftse Europe ETF | 0.16% | 45,149 | $3.3M | Reduce -4.5% |
| GOOG Alphabet Inc. Class C | 0.16% | 21,045 | $3.3M | Reduce -0.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 12,713 | $3.2M | Add +2.3% |
| ORCL Oracle Corp. | 0.15% | 21,081 | $3.2M | Reduce -2.9% |
| PFE Pfizer Inc. | 0.15% | 136,608 | $3.1M | Reduce -79.6% |
| SCHO Schwab Short-Term US Treas | 0.15% | 127,660 | $3.1M | Add +36.1% |
| CBU Community Financial System I | 0.14% | 53,188 | $3.0M | No change |
| IGRO iShares Intl Div Growth ETF | 0.14% | 39,748 | $3.0M | Add +11.6% |
| MRK Merck & Co. Inc. | 0.14% | 38,122 | $3.0M | Reduce -88.8% |
| LLY Eli Lilly & Co. | 0.14% | 3,914 | $2.9M | Reduce -1.4% |
| T AT&T Inc. | 0.13% | 101,111 | $2.8M | Reduce -1.6% |
| IWM iShares Russell 2000 ETF | 0.13% | 13,794 | $2.8M | Reduce -6.6% |
| GOOGL Alphabet Inc. Class A | 0.13% | 17,835 | $2.8M | Reduce -3.2% |
| SHY iShares 1-3 Year Treasury Bo | 0.13% | 32,147 | $2.7M | Reduce -4.5% |
| DVY iShares Select Dividend ETF | 0.12% | 19,730 | $2.6M | Reduce -0.6% |
| LEG Leggett & Platt Inc. | 0.12% | 273,782 | $2.5M | Reduce -23.2% |
| GEV GE Vernova Inc. | 0.12% | 6,375 | $2.5M | No change |
| PM Philip Morris International | 0.12% | 14,544 | $2.5M | Add +6.8% |
| VTWV Vanguard Russell 2000 Value | 0.12% | 18,441 | $2.4M | Add +13.5% |
| AXP American Express Co. | 0.12% | 8,542 | $2.4M | Add +14.7% |
| RTX RTX Corp. | 0.11% | 17,901 | $2.3M | Reduce -6.8% |
| SCHD Schwab US DVD Equity ETF | 0.11% | 89,014 | $2.3M | Add +2.6% |
| META Meta Platforms Inc. Class A | 0.11% | 3,810 | $2.3M | Add +5.1% |
Portfolio Sells Q4 2024 → Q1 2025
| MRK Merck & Co. Inc. | Reduce -88.8% | 0.14% | −1.39 |
| WMT Walmart Inc. | Reduce -35.3% | 1.82% | −0.88 |
| JPM JPMorgan Chase & Co. | Reduce -11.1% | 4.32% | −0.72 |
| PFE Pfizer Inc. | Reduce -79.6% | 0.15% | −0.68 |
| CVX Chevron Corp. | Reduce -1.7% | 2.53% | −0.36 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.6% | 1.30% | −0.34 |
| BAC Bank of America Corp. | Reduce -0.3% | 2.41% | −0.26 |
| NSC Norfolk Southern Corp. | Reduce -0.6% | 1.65% | −0.23 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.16 |
| GIS General Mills Inc. | Reduce -3.0% | 1.10% | −0.14 |
| PEP Pepsico Inc. | Reduce -0.4% | 1.08% | −0.13 |
| NUE Nucor Corp. | Reduce -1.8% | 1.92% | −0.12 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -6.2% | 0.81% | −0.09 |
| PHM Pultegroup Inc. | Reduce -1.7% | 0.71% | −0.09 |
| LMT Lockheed Martin Corp. | Reduce -0.1% | 1.97% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -4.6% | 0.17% | −0.07 |
| SCHV Schwab US Large-Cap Value | Reduce -17.2% | 0.29% | −0.07 |
| COP Conocophillips | Reduce -0.9% | 0.43% | −0.06 |
| LEG Leggett & Platt Inc. | Reduce -23.2% | 0.12% | −0.06 |
| HON Honeywell International Inc. | Reduce -0.5% | 2.23% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.9% | 0.51% | −0.05 |
| AVGO Broadcom Inc. | Reduce -6.6% | 0.22% | −0.05 |
| GOOG Alphabet Inc. Class C | Reduce -0.4% | 0.16% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -0.9% | 0.85% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -0.3% | 1.79% | −0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -3.2% | 0.13% | −0.04 |
| ORCL Oracle Corp. | Reduce -2.9% | 0.15% | −0.04 |
| NVDA Nvidia Corp. | Reduce -10.5% | 0.10% | −0.03 |
| ET Energy Transfer LP | Reduce -44.0% | 0.03% | −0.03 |
| LUV Southwest Airlines Co. | Reduce -20.3% | 0.10% | −0.03 |
| MDT Medtronic PLC | Reduce -4.9% | 0.24% | −0.03 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -70.4% | 0.02% | −0.03 |
| IWM iShares Russell 2000 ETF | Reduce -6.6% | 0.13% | −0.03 |
| K Kellanova | Sold out | 0.00% | −0.03 |
| HTZ Hertz Global Hldgs Inc. | Sold out | 0.00% | −0.02 |
| TGT Target Corp. | Sold out | 0.00% | −0.02 |
| APD Air Products & Chemicals Inc. | Reduce -8.9% | 0.07% | −0.02 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.02 |
| UNP Union Pacific Corp. | Reduce -5.9% | 0.09% | −0.02 |
| SCHB Schwab US Broad Market ETF | Reduce -1.1% | 0.21% | −0.02 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.02 |
| ITW Illinois Tool Works | Reduce -20.3% | 0.05% | −0.02 |
| BKR Baker Hughes Co. | Reduce -1.4% | 0.06% | −0.02 |
| KHC The Kraft Heinz Co. | Reduce -6.5% | 0.18% | −0.02 |
| IEF iShares 7-10 Year Treasury B | Reduce -10.5% | 0.18% | −0.02 |
| USB US Bancorp | Reduce -49.5% | 0.01% | −0.01 |
| VTRS Viatris Inc. | Reduce -25.0% | 0.02% | −0.01 |
| AEP American Electric Power | Reduce -17.6% | 0.10% | −0.01 |
| JGRW Jensen Quality Growth ETF | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| LEN Lennar Corp. Class A | New | 1.60% | +1.60 |
| DELL Dell Technologies -C | Add +1672.0% | 1.38% | +1.29 |
| AOS Smith (a.o.) Corp. | New | 1.26% | +1.26 |
| HSY The Hershey Co. | Add +106.1% | 1.18% | +0.68 |
| IWD iShares Russell 1000 Value E | Add +162.3% | 0.50% | +0.30 |
| MTB M & T Bank Corp. | Add +28.9% | 2.08% | +0.29 |
| MCD McDonald's Corp. | Add +1.1% | 1.96% | +0.23 |
| EOG EOG Resources Inc. | Add +41.6% | 1.39% | +0.22 |
| SCHF Schwab Intl Equity ETF | Add +13.6% | 1.02% | +0.19 |
| ABT Abbott Laboratories | Add +1.2% | 1.98% | +0.18 |
| SCHG Schwab US Large-Cap Growth | Add +49.9% | 0.59% | +0.16 |
| JNJ Johnson & Johnson | Add +1.2% | 1.90% | +0.15 |
| WPC WP Carey Inc. | Add +1.7% | 0.96% | +0.11 |
| SCHW Schwab (charles) Corp. | Add +2.4% | 1.66% | +0.11 |
| VEU Vanguard Ftse All-World Ex-U | Add +5.1% | 0.70% | +0.08 |
| DE Deere & Co. | Add +1.2% | 1.68% | +0.08 |
| MSFT Microsoft Corp. | Add +1.9% | 3.96% | +0.07 |
| SGOV iShares 0-3 Month Treasury B | Add +13.4% | 0.54% | +0.07 |
| SPTI SS SPDR P Int Term TSY ETF | Add +15.8% | 0.37% | +0.06 |
| SCHO Schwab Short-Term US Treas | Add +36.1% | 0.15% | +0.04 |
| SPTS SS SPDR P St Term TSY ETF | Add +19.2% | 0.23% | +0.04 |
| PM Philip Morris International | Add +6.8% | 0.12% | +0.04 |
| ADP Automatic Data Processing | Add +7.7% | 0.32% | +0.04 |
| CPIX Cumberland Pharmaceuticals | New | 0.03% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +20.4% | 0.16% | +0.03 |
| MO Altria Group Inc. | Add +28.4% | 0.10% | +0.03 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +11.6% | 0.22% | +0.03 |
| DIS The Walt Disney Co. | Add +12.6% | 0.45% | +0.03 |
| MRP Millrose Properties | New | 0.03% | +0.03 |
| IGRO iShares Intl Div Growth ETF | Add +11.6% | 0.14% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +0.3% | 0.33% | +0.03 |
| IBM Intl Business Machines Corp. | Add +2.3% | 0.15% | +0.02 |
| LAMR Lamar Advertising Co. Class A | New | 0.02% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +15.6% | 0.40% | +0.02 |
| KKR KKR & Co. Inc. | New | 0.02% | +0.02 |
| TMUS T-Mobile US Inc. | New | 0.02% | +0.02 |
| ELV Elevance Health Inc. | Add +55.5% | 0.04% | +0.02 |
| BAM Brookfield Asset Mgmt-A | New | 0.02% | +0.02 |
| CME Cme Group Inc. | New | 0.02% | +0.02 |
| SMH Vaneck Semiconductor ETF | Add +86.0% | 0.04% | +0.01 |
| MET Metlife Inc. | New | 0.01% | +0.01 |
| FNB FNB Corp. | New | 0.01% | +0.01 |
| DHR Danaher Corp. | Add +130.4% | 0.03% | +0.01 |
| BN Brookfield Corp. | New | 0.01% | +0.01 |
| MKL Markel Group Inc. | New | 0.01% | +0.01 |
| ADI Analog Devices Inc. | Add +34.0% | 0.06% | +0.01 |
| VZ Verizon Communications Inc. | Add +2.3% | 0.10% | +0.01 |
| CVS CVS Health Corp. | New | 0.01% | +0.01 |
| NFLX Netflix Inc. | New | 0.01% | +0.01 |
| AIG American International Group | 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 |