Berkshire Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Berkshire Asset Management LLC reported 285 stock positions worth $2.2 billion. Its top holding was JPMorgan Chase (JPM) at 4.7% of the portfolio, followed by Microsoft (MSFT, 4.2%) and Abbvie (ABBV, 3.2%). Compared with Q1 2025, it opened 13 new positions, sold out of 10, added to 67 and reduced 109. The biggest buy was Dell Technologies -C (DELL, shares +1%) and the biggest sale iShares Russell 1000 Value E (IWD, shares −64%).
- Most Recent 13F
- Q2 2026
- Location
- WILKES BARRE, PA
- CIK
- 0000949012
- Portfolio Value
- $2.2B (Q2 2025)
- SEC Filing
- 0001398344-25-015201 ↗ filed Aug 13, 2025
Holdings Value
Holdings 285 stocks · $2.2B
| JPM JPMorgan Chase & Co. | 4.69% | 356,372 | $103.3M | Reduce -0.4% |
| MSFT Microsoft Corp. | 4.23% | 187,372 | $93.2M | Reduce -0.8% |
| ABBV Abbvie Inc. | 3.23% | 383,827 | $71.2M | Add +0.1% |
| CSCO Cisco Systems Inc. | 2.79% | 887,284 | $61.6M | Reduce -0.3% |
| AAPL Apple Inc. | 2.59% | 278,001 | $57.0M | Add +0.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.57% | 1,196,181 | $56.6M | Reduce -1.0% |
| CVX Chevron Corp. | 2.54% | 391,661 | $56.1M | Add +1.5% |
| WM Waste Management Inc. | 2.44% | 235,512 | $53.9M | Reduce -0.2% |
| HON Honeywell International Inc. | 2.31% | 218,918 | $51.0M | Add +1.0% |
| EMR Emerson Electric Co. | 2.18% | 361,044 | $48.1M | Reduce -0.2% |
| QCOM Qualcomm Inc. | 2.17% | 300,893 | $47.9M | Add +1.2% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 2.17% | 246,963 | $47.9M | Add +0.9% |
| NUE Nucor Corp. | 2.12% | 361,519 | $46.8M | Add +4.1% |
| TEL Te Connectivity PLC | 1.95% | 255,562 | $43.1M | Add +0.2% |
| ABT Abbott Laboratories | 1.90% | 307,278 | $41.8M | Reduce -0.4% |
| NSC Norfolk Southern Corp. | 1.84% | 158,170 | $40.5M | Add +2.1% |
| MDLZ Mondelez International Inc. Class A | 1.84% | 600,252 | $40.5M | Add +0.9% |
| LMT Lockheed Martin Corp. | 1.82% | 86,445 | $40.0M | Reduce -0.1% |
| PPL PPL Corp. | 1.77% | 1,152,876 | $39.1M | Reduce -0.1% |
| JNJ Johnson & Johnson | 1.76% | 254,419 | $38.9M | Reduce -0.3% |
| WMT Walmart Inc. | 1.73% | 389,470 | $38.1M | Reduce -0.2% |
| MCD McDonald's Corp. | 1.71% | 129,159 | $37.7M | Reduce -0.5% |
| CB Chubb Ltd. | 1.71% | 130,090 | $37.7M | Reduce -0.1% |
| SCHW Schwab (charles) Corp. | 1.70% | 411,371 | $37.5M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 1.70% | 235,462 | $37.5M | Reduce -0.1% |
| PNC PNC Financial Services Group | 1.70% | 200,896 | $37.5M | Add +0.4% |
| DELL Dell Technologies -C | 1.68% | 302,359 | $37.1M | Add +1.1% |
| DE Deere & Co. | 1.64% | 71,297 | $36.3M | Reduce -0.3% |
| KMI Kinder Morgan Inc. | 1.63% | 1,225,838 | $36.0M | Add +0.2% |
| LEN Lennar Corp. Class A | 1.52% | 303,788 | $33.6M | Reduce -0.3% |
| LOW Lowe's Cos Inc. | 1.52% | 151,437 | $33.6M | Reduce -0.5% |
| EOG EOG Resources Inc. | 1.46% | 268,826 | $32.2M | Add +1.7% |
| BMY Bristol-Myers Squibb Co. | 1.21% | 576,749 | $26.7M | Reduce -0.7% |
| AOS Smith (a.o.) Corp. | 1.11% | 373,794 | $24.5M | Reduce -3.1% |
| HSY The Hershey Co. | 1.09% | 145,020 | $24.1M | Reduce -0.3% |
| PEP Pepsico Inc. | 1.04% | 173,545 | $22.9M | Add +1.6% |
| SCHF Schwab Intl Equity ETF | 1.03% | 1,029,505 | $22.8M | Add +0.5% |
| GIS General Mills Inc. | 0.98% | 415,574 | $21.5M | Reduce -1.1% |
| WPC WP Carey Inc. | 0.93% | 328,306 | $20.5M | Add +0.0% |
| WFC Wells Fargo & Co. | 0.88% | 241,723 | $19.4M | Reduce -0.1% |
| SCHM Schwab US Mid Cap ETF | 0.83% | 655,207 | $18.4M | Add +0.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.81% | 64,151 | $18.0M | Reduce -0.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.81% | 75,252 | $17.8M | Reduce -0.1% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.72% | 372,694 | $15.9M | Add +0.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.71% | 232,843 | $15.7M | Add +0.5% |
| PHM Pultegroup Inc. | 0.68% | 142,773 | $15.1M | Reduce -0.2% |
| SCHG Schwab US Large-Cap Growth | 0.62% | 469,935 | $13.7M | Reduce -0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.55% | 24,767 | $12.0M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.52% | 18,531 | $11.4M | Reduce -1.8% |
| SGOV iShares 0-3 Month Treasury B | 0.51% | 112,438 | $11.3M | Reduce -0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.51% | 89,817 | $11.1M | Add +0.0% |
| KO The Coca-Cola Co. | 0.45% | 140,735 | $10.0M | Reduce -0.3% |
| IWF iShares Russell 1000 Growth | 0.43% | 22,112 | $9.4M | Add +0.0% |
| COP Conocophillips | 0.42% | 102,456 | $9.2M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 0.35% | 35,488 | $7.8M | Add +1.2% |
| SPTI SS SPDR P Int Term TSY ETF | 0.35% | 269,727 | $7.8M | Reduce -0.1% |
| AMGN Amgen Inc. | 0.35% | 27,529 | $7.7M | Reduce -1.4% |
| C Citigroup Inc. | 0.34% | 87,778 | $7.5M | Reduce -4.1% |
| VEA Vanguard Ftse Developed ETF | 0.34% | 129,923 | $7.4M | No change |
| ADP Automatic Data Processing | 0.31% | 21,999 | $6.8M | Add +0.1% |
| SCHX Schwab US Large-Cap ETF | 0.30% | 275,207 | $6.7M | Add +2.1% |
| SCHV Schwab US Large-Cap Value | 0.29% | 234,214 | $6.5M | Add +1.9% |
| GE General Electric filed as GE AEROSPACE | 0.27% | 22,853 | $5.9M | Reduce -0.0% |
| AVGO Broadcom Inc. | 0.25% | 19,850 | $5.5M | Reduce -9.1% |
| MDT Medtronic PLC | 0.24% | 59,985 | $5.2M | Reduce -0.4% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.22% | 162,991 | $4.9M | Add +0.3% |
| SPTS SS SPDR P St Term TSY ETF | 0.22% | 166,823 | $4.9M | Reduce -0.1% |
| SCHB Schwab US Broad Market ETF | 0.21% | 197,128 | $4.7M | Add +0.2% |
| ORCL Oracle Corp. | 0.21% | 21,081 | $4.6M | No change |
| IWD iShares Russell 1000 Value E | 0.18% | 20,050 | $3.9M | Reduce -64.2% |
| IEF iShares 7-10 Year Treasury B | 0.17% | 39,896 | $3.8M | Reduce -2.7% |
| HD Home Depot Inc. | 0.17% | 10,236 | $3.8M | Add +0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.17% | 12,714 | $3.7M | Add +0.0% |
| XOM Exxon Mobil Corp. | 0.17% | 34,641 | $3.7M | Reduce -5.1% |
| GOOG Alphabet Inc. Class C | 0.17% | 21,021 | $3.7M | Reduce -0.1% |
| BX Blackstone Inc. | 0.17% | 24,452 | $3.7M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.16% | 72,959 | $3.6M | No change |
| VGK Vanguard Ftse Europe ETF | 0.16% | 45,149 | $3.5M | No change |
| IAU iShares Gold Trust | 0.15% | 54,758 | $3.4M | No change |
| KHC The Kraft Heinz Co. | 0.15% | 130,346 | $3.4M | Reduce -0.3% |
| PFE Pfizer Inc. | 0.15% | 136,144 | $3.3M | Reduce -0.3% |
| SCHO Schwab Short-Term US Treas | 0.14% | 130,852 | $3.2M | Add +2.5% |
| GEV GE Vernova Inc. | 0.14% | 5,944 | $3.1M | Reduce -6.8% |
| IGRO iShares Intl Div Growth ETF | 0.14% | 39,665 | $3.1M | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 0.14% | 17,627 | $3.1M | Reduce -1.2% |
| LLY Eli Lilly & Co. | 0.14% | 3,964 | $3.1M | Add +1.3% |
| NVDA Nvidia Corp. | 0.14% | 19,086 | $3.0M | Add +8.2% |
| CBU Community Financial System I | 0.14% | 52,968 | $3.0M | Reduce -0.4% |
| IWM iShares Russell 2000 ETF | 0.14% | 13,794 | $3.0M | No change |
| MRK Merck & Co. Inc. | 0.13% | 37,141 | $2.9M | Reduce -2.6% |
| T AT&T Inc. | 0.13% | 100,936 | $2.9M | Reduce -0.2% |
| META Meta Platforms Inc. Class A | 0.13% | 3,901 | $2.9M | Add +2.4% |
| PM Philip Morris International | 0.12% | 14,893 | $2.7M | Add +2.4% |
| AXP American Express Co. | 0.12% | 8,490 | $2.7M | Reduce -0.6% |
| MRP Millrose Properties | 0.12% | 94,847 | $2.7M | Add +348.9% |
| UNH Unitedhealth Group Inc. | 0.12% | 8,495 | $2.7M | Reduce -4.5% |
| RTX RTX Corp. | 0.12% | 18,113 | $2.6M | Add +1.2% |
| DVY iShares Select Dividend ETF | 0.12% | 19,741 | $2.6M | Add +0.1% |
| VTWV Vanguard Russell 2000 Value | 0.12% | 18,513 | $2.6M | Add +0.4% |
| FLR Fluor Corp. | 0.12% | 50,000 | $2.6M | No change |
Portfolio Sells Q1 2025 → Q2 2025
| IWD iShares Russell 1000 Value E | Reduce -64.2% | 0.18% | −0.32 |
| MCD McDonald's Corp. | Reduce -0.5% | 1.71% | −0.25 |
| WM Waste Management Inc. | Reduce -0.2% | 2.44% | −0.20 |
| PPL PPL Corp. | Reduce -0.1% | 1.77% | −0.20 |
| LMT Lockheed Martin Corp. | Reduce -0.1% | 1.82% | −0.15 |
| AOS Smith (a.o.) Corp. | Reduce -3.1% | 1.11% | −0.14 |
| JNJ Johnson & Johnson | Reduce -0.3% | 1.76% | −0.14 |
| GIS General Mills Inc. | Reduce -1.1% | 0.98% | −0.12 |
| LOW Lowe's Cos Inc. | Reduce -0.5% | 1.52% | −0.11 |
| HSY The Hershey Co. | Reduce -0.3% | 1.09% | −0.09 |
| WMT Walmart Inc. | Reduce -0.2% | 1.73% | −0.09 |
| CB Chubb Ltd. | Reduce -0.1% | 1.71% | −0.09 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.7% | 1.21% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -0.1% | 1.70% | −0.09 |
| ABT Abbott Laboratories | Reduce -0.4% | 1.90% | −0.08 |
| LEN Lennar Corp. Class A | Reduce -0.3% | 1.52% | −0.08 |
| LUV Southwest Airlines Co. | Reduce -75.4% | 0.02% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.2% | 0.55% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -4.5% | 0.12% | −0.05 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.04 |
| DE Deere & Co. | Reduce -0.3% | 1.64% | −0.03 |
| CPIX Cumberland Pharmaceuticals | Sold out | 0.00% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.03 |
| KO The Coca-Cola Co. | Reduce -0.3% | 0.45% | −0.03 |
| WPM Wheaton Precious Metals Corp. | Reduce -75.1% | 0.01% | −0.03 |
| SGOV iShares 0-3 Month Treasury B | Reduce -0.2% | 0.51% | −0.03 |
| KHC The Kraft Heinz Co. | Reduce -0.3% | 0.15% | −0.03 |
| PHM Pultegroup Inc. | Reduce -0.2% | 0.68% | −0.03 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.02 |
| ELV Elevance Health Inc. | Reduce -34.8% | 0.03% | −0.02 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.02 |
| COP Conocophillips | Reduce -0.1% | 0.42% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -5.1% | 0.17% | −0.02 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -0.1% | 0.35% | −0.02 |
| AMGN Amgen Inc. | Reduce -1.4% | 0.35% | −0.02 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -7.5% | 0.11% | −0.02 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.01 |
| MET Metlife Inc. | Sold out | 0.00% | −0.01 |
| BN Brookfield Corp. | Sold out | 0.00% | −0.01 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.01 |
| IEF iShares 7-10 Year Treasury B | Reduce -2.7% | 0.17% | −0.01 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -0.1% | 0.22% | −0.01 |
| TTE Totalenergies SE -Spon ADR | Sold out | 0.00% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -20.3% | 0.03% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -2.6% | 0.13% | −0.01 |
| AEP American Electric Power | Reduce -1.4% | 0.10% | −0.01 |
| CBU Community Financial System I | Reduce -0.4% | 0.14% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -6.6% | 0.07% | −0.01 |
| VTRS Viatris Inc. | Reduce -25.4% | 0.01% | −0.01 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Reduce -3.8% | 0.06% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| DELL Dell Technologies -C | Add +1.1% | 1.68% | +0.30 |
| NUE Nucor Corp. | Add +4.1% | 2.12% | +0.20 |
| NSC Norfolk Southern Corp. | Add +2.1% | 1.84% | +0.19 |
| QCOM Qualcomm Inc. | Add +1.2% | 2.17% | +0.11 |
| PNC PNC Financial Services Group | Add +0.4% | 1.70% | +0.10 |
| MRP Millrose Properties | Add +348.9% | 0.12% | +0.10 |
| TEL Te Connectivity PLC | Add +0.2% | 1.95% | +0.10 |
| MTB M & T Bank Corp. | Add +0.9% | 2.17% | +0.09 |
| HON Honeywell International Inc. | Add +1.0% | 2.31% | +0.09 |
| EOG EOG Resources Inc. | Add +1.7% | 1.46% | +0.07 |
| DIS The Walt Disney Co. | Add +0.0% | 0.51% | +0.05 |
| NVDA Nvidia Corp. | Add +8.2% | 0.14% | +0.04 |
| KMI Kinder Morgan Inc. | Add +0.2% | 1.63% | +0.04 |
| AMZN Amazon.com Inc. | Add +1.2% | 0.35% | +0.03 |
| IWF iShares Russell 1000 Growth | Add +0.0% | 0.43% | +0.03 |
| IEI iShares 3-7 Year Treasury Bo | New | 0.03% | +0.03 |
| COF Capital One Financial Corp. | New | 0.02% | +0.02 |
| META Meta Platforms Inc. Class A | Add +2.4% | 0.13% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +30.8% | 0.06% | +0.02 |
| SCHX Schwab US Large-Cap ETF | Add +2.1% | 0.30% | +0.02 |
| IBM Intl Business Machines Corp. | Add +0.0% | 0.17% | +0.02 |
| SCHF Schwab Intl Equity ETF | Add +0.5% | 1.03% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | New | 0.01% | +0.01 |
| COIN Coinbase Global Inc. Class A | New | 0.01% | +0.01 |
| CVX Chevron Corp. | Add +1.5% | 2.54% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.5% | 0.71% | +0.01 |
| HACK Amplify Cybersecurity ETF | New | 0.01% | +0.01 |
| PSX Phillips 66 | New | 0.01% | +0.01 |
| RTX RTX Corp. | Add +1.2% | 0.12% | +0.01 |
| FCX Freeport-McMoran Inc. | New | 0.01% | +0.01 |
| CTRA Coterra Energy Inc. | New | 0.01% | +0.01 |
| MCK McKesson Corp. | New | 0.01% | +0.01 |
| TSLA Tesla Inc. | New | 0.01% | +0.01 |
| UBER Uber Technologies Inc. | New | 0.01% | +0.01 |
| WMB Williams Cos Inc. | New | 0.01% | +0.01 |
| MS Morgan Stanley | Add +1.3% | 0.07% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +0.2% | 0.21% | +0.01 |
| SCHV Schwab US Large-Cap Value | Add +1.9% | 0.29% | +0.01 |
| ACOG Alpha Cognition Inc. | New | 0.01% | +0.01 |
| SCHM Schwab US Mid Cap ETF | Add +0.1% | 0.83% | +0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +0.8% | 0.72% | +0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +0.3% | 0.22% | +0.00 |
| DHR Danaher Corp. | Add +16.5% | 0.03% | +0.00 |
| FERG Ferguson Enterprises Inc. | Add +7.0% | 0.01% | +0.00 |
| PM Philip Morris International | Add +2.4% | 0.12% | +0.00 |
| PH Parker Hannifin Corp. | Add +5.4% | 0.04% | +0.00 |
| AMP Ameriprise Financial Inc. | Add +6.0% | 0.03% | +0.00 |
| LHX L3HARRIS Technologies Inc. | Add +0.4% | 0.02% | +0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +6.5% | 0.09% | +0.00 |
| NFLX Netflix Inc. | Add +2.9% | 0.01% | +0.00 |
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 |