Berkshire Asset Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Berkshire Asset Management LLC reported 297 stock positions worth $2.4 billion. Its top holding was JPMorgan Chase (JPM) at 4.7% of the portfolio, followed by Microsoft (MSFT, 4.1%) and Abbvie (ABBV, 3.7%). Compared with Q2 2025, it opened 24 new positions, sold out of 12, added to 103 and reduced 104. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale Honeywell International (HON, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- WILKES BARRE, PA
- CIK
- 0000949012
- Portfolio Value
- $2.4B (Q3 2025)
- SEC Filing
- 0001398344-25-020486 ↗ filed Nov 7, 2025
Holdings Value
Holdings 297 stocks · $2.4B
| JPM JPMorgan Chase & Co. | 4.74% | 353,632 | $111.5M | Reduce -0.8% |
| MSFT Microsoft Corp. | 4.12% | 186,927 | $96.8M | Reduce -0.2% |
| ABBV Abbvie Inc. | 3.74% | 380,399 | $88.1M | Reduce -0.9% |
| AAPL Apple Inc. | 3.03% | 280,031 | $71.3M | Add +0.7% |
| CVX Chevron Corp. | 2.63% | 397,945 | $61.8M | Add +1.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.61% | 1,189,264 | $61.4M | Reduce -0.6% |
| CSCO Cisco Systems Inc. | 2.55% | 878,056 | $60.1M | Reduce -1.0% |
| TEL Te Connectivity PLC | 2.38% | 255,005 | $56.0M | Reduce -0.2% |
| WM Waste Management Inc. | 2.19% | 233,850 | $51.6M | Reduce -0.7% |
| QCOM Qualcomm Inc. | 2.15% | 303,417 | $50.5M | Add +0.8% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 2.08% | 248,059 | $49.0M | Add +0.4% |
| NUE Nucor Corp. | 2.08% | 360,931 | $48.9M | Reduce -0.2% |
| NSC Norfolk Southern Corp. | 2.02% | 157,932 | $47.4M | Reduce -0.1% |
| EMR Emerson Electric Co. | 2.01% | 360,270 | $47.3M | Reduce -0.2% |
| JNJ Johnson & Johnson | 2.00% | 253,582 | $47.0M | Reduce -0.3% |
| HON Honeywell International Inc. | 1.92% | 214,671 | $45.2M | Reduce -1.9% |
| LMT Lockheed Martin Corp. | 1.84% | 86,499 | $43.2M | Add +0.1% |
| DELL Dell Technologies -C | 1.83% | 304,284 | $43.1M | Add +0.6% |
| PPL PPL Corp. | 1.83% | 1,156,484 | $43.0M | Add +0.3% |
| ABT Abbott Laboratories | 1.74% | 305,450 | $40.9M | Reduce -0.6% |
| WMT Walmart Inc. | 1.71% | 389,897 | $40.2M | Add +0.1% |
| PNC PNC Financial Services Group | 1.71% | 199,903 | $40.2M | Reduce -0.5% |
| MCD McDonald's Corp. | 1.67% | 129,650 | $39.4M | Add +0.4% |
| SCHW Schwab (charles) Corp. | 1.67% | 410,929 | $39.2M | Reduce -0.1% |
| LEN Lennar Corp. Class A | 1.63% | 303,998 | $38.3M | Add +0.1% |
| LOW Lowe's Cos Inc. | 1.62% | 151,894 | $38.2M | Add +0.3% |
| MDLZ Mondelez International Inc. Class A | 1.57% | 591,527 | $37.0M | Reduce -1.4% |
| CB Chubb Ltd. | 1.55% | 129,456 | $36.5M | Reduce -0.5% |
| PG The Procter & Gamble Co. | 1.53% | 234,434 | $36.0M | Reduce -0.4% |
| KMI Kinder Morgan Inc. | 1.47% | 1,222,070 | $34.6M | Reduce -0.3% |
| DE Deere & Co. | 1.38% | 70,852 | $32.4M | Reduce -0.6% |
| EOG EOG Resources Inc. | 1.27% | 265,683 | $29.8M | Reduce -1.2% |
| AOS Smith (a.o.) Corp. | 1.21% | 388,854 | $28.5M | Add +4.0% |
| HSY The Hershey Co. | 1.18% | 147,917 | $27.7M | Add +2.0% |
| BMY Bristol-Myers Squibb Co. | 1.04% | 544,305 | $24.5M | Reduce -5.6% |
| PEP Pepsico Inc. | 1.04% | 174,784 | $24.5M | Add +0.7% |
| SCHF Schwab Intl Equity ETF | 1.04% | 1,048,781 | $24.4M | Add +1.9% |
| WPC WP Carey Inc. | 0.95% | 329,526 | $22.3M | Add +0.4% |
| GIS General Mills Inc. | 0.89% | 415,470 | $20.9M | Reduce -0.0% |
| WFC Wells Fargo & Co. | 0.85% | 237,989 | $19.9M | Reduce -1.5% |
| SCHM Schwab US Mid Cap ETF | 0.84% | 669,359 | $19.8M | Add +2.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.84% | 77,391 | $19.7M | Add +2.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.80% | 64,113 | $18.8M | Reduce -0.1% |
| PHM Pultegroup Inc. | 0.78% | 138,300 | $18.3M | Reduce -3.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.76% | 250,726 | $17.9M | Add +7.7% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.75% | 382,259 | $17.7M | Add +2.6% |
| SCHG Schwab US Large-Cap Growth | 0.61% | 447,587 | $14.3M | Reduce -4.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 25,233 | $12.7M | Add +1.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.54% | 18,900 | $12.6M | Add +2.0% |
| SGOV iShares 0-3 Month Treasury B | 0.48% | 112,478 | $11.3M | Add +0.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.43% | 87,815 | $10.1M | Reduce -2.2% |
| COP Conocophillips | 0.41% | 102,028 | $9.7M | Reduce -0.4% |
| IWF iShares Russell 1000 Growth | 0.40% | 20,271 | $9.5M | Reduce -8.3% |
| KO The Coca-Cola Co. | 0.39% | 139,686 | $9.3M | Reduce -0.8% |
| C Citigroup Inc. | 0.36% | 83,203 | $8.4M | Reduce -5.2% |
| AMZN Amazon.com Inc. | 0.35% | 37,542 | $8.2M | Add +5.8% |
| VEA Vanguard Ftse Developed ETF | 0.35% | 136,923 | $8.2M | Add +5.4% |
| SPTI SS SPDR P Int Term TSY ETF | 0.33% | 268,155 | $7.7M | Reduce -0.6% |
| AMGN Amgen Inc. | 0.32% | 26,880 | $7.6M | Reduce -2.4% |
| SCHX Schwab US Large-Cap ETF | 0.32% | 282,621 | $7.4M | Add +2.7% |
| SCHV Schwab US Large-Cap Value | 0.30% | 239,076 | $7.0M | Add +2.1% |
| GE General Electric filed as GE AEROSPACE | 0.29% | 22,771 | $6.9M | Reduce -0.4% |
| AVGO Broadcom Inc. | 0.29% | 20,347 | $6.7M | Add +2.5% |
| ADP Automatic Data Processing | 0.27% | 21,703 | $6.4M | Reduce -1.4% |
| ORCL Oracle Corp. | 0.26% | 21,453 | $6.0M | Add +1.8% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.24% | 172,358 | $5.8M | Add +5.8% |
| MDT Medtronic PLC | 0.24% | 58,159 | $5.5M | Reduce -3.0% |
| GOOG Alphabet Inc. Class C | 0.23% | 22,254 | $5.4M | Add +5.9% |
| SCHB Schwab US Broad Market ETF | 0.21% | 195,872 | $5.0M | Reduce -0.6% |
| SPTS SS SPDR P St Term TSY ETF | 0.21% | 165,646 | $4.9M | Reduce -0.7% |
| VWO Vanguard Ftse Emerging Marke | 0.19% | 84,637 | $4.6M | Add +16.0% |
| GOOGL Alphabet Inc. Class A | 0.19% | 18,240 | $4.4M | Add +3.5% |
| BX Blackstone Inc. | 0.18% | 24,702 | $4.2M | Add +1.0% |
| NVDA Nvidia Corp. | 0.17% | 21,853 | $4.1M | Add +14.5% |
| HD Home Depot Inc. | 0.17% | 9,929 | $4.0M | Reduce -3.0% |
| IAU iShares Gold Trust | 0.17% | 54,758 | $4.0M | No change |
| XOM Exxon Mobil Corp. | 0.17% | 34,803 | $3.9M | Add +0.5% |
| VTWV Vanguard Russell 2000 Value | 0.16% | 23,824 | $3.7M | Add +28.7% |
| LLY Eli Lilly & Co. | 0.16% | 4,811 | $3.7M | Add +21.4% |
| GEV GE Vernova Inc. | 0.15% | 5,894 | $3.6M | Reduce -0.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 12,796 | $3.6M | Add +0.6% |
| VGK Vanguard Ftse Europe ETF | 0.15% | 45,149 | $3.6M | No change |
| IEF iShares 7-10 Year Treasury B | 0.15% | 35,899 | $3.5M | Reduce -10.0% |
| IWD iShares Russell 1000 Value E | 0.14% | 16,669 | $3.4M | Reduce -16.9% |
| KHC The Kraft Heinz Co. | 0.14% | 129,822 | $3.4M | Reduce -0.4% |
| MRP Millrose Properties | 0.14% | 98,547 | $3.3M | Add +3.9% |
| IWM iShares Russell 2000 ETF | 0.14% | 13,615 | $3.3M | Reduce -1.3% |
| META Meta Platforms Inc. Class A | 0.14% | 4,467 | $3.3M | Add +14.5% |
| PFE Pfizer Inc. | 0.14% | 128,606 | $3.3M | Reduce -5.5% |
| SCHO Schwab Short-Term US Treas | 0.14% | 134,241 | $3.3M | Add +2.6% |
| MRK Merck & Co. Inc. | 0.13% | 37,347 | $3.1M | Add +0.6% |
| RTX RTX Corp. | 0.13% | 18,633 | $3.1M | Add +2.9% |
| CBU Community Financial System I | 0.13% | 52,786 | $3.1M | Reduce -0.3% |
| IGRO iShares Intl Div Growth ETF | 0.13% | 38,595 | $3.1M | Reduce -2.7% |
| UNH Unitedhealth Group Inc. | 0.12% | 8,427 | $2.9M | Reduce -0.8% |
| AXP American Express Co. | 0.12% | 8,654 | $2.9M | Add +1.9% |
| T AT&T Inc. | 0.12% | 99,296 | $2.8M | Reduce -1.6% |
| DVY iShares Select Dividend ETF | 0.12% | 19,691 | $2.8M | Reduce -0.3% |
| REZI Resideo Technologies Inc. | 0.12% | 63,319 | $2.7M | Reduce -1.8% |
| PM Philip Morris International | 0.11% | 16,386 | $2.7M | Add +10.0% |
Portfolio Sells Q2 2025 → Q3 2025
| HON Honeywell International Inc. | Reduce -1.9% | 1.92% | −0.39 |
| DE Deere & Co. | Reduce -0.6% | 1.38% | −0.27 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.4% | 1.57% | −0.27 |
| WM Waste Management Inc. | Reduce -0.7% | 2.19% | −0.25 |
| CSCO Cisco Systems Inc. | Reduce -1.0% | 2.55% | −0.24 |
| EOG EOG Resources Inc. | Reduce -1.2% | 1.27% | −0.19 |
| EMR Emerson Electric Co. | Reduce -0.2% | 2.01% | −0.17 |
| PG The Procter & Gamble Co. | Reduce -0.4% | 1.53% | −0.17 |
| BMY Bristol-Myers Squibb Co. | Reduce -5.6% | 1.04% | −0.17 |
| KMI Kinder Morgan Inc. | Reduce -0.3% | 1.47% | −0.16 |
| ABT Abbott Laboratories | Reduce -0.6% | 1.74% | −0.16 |
| CB Chubb Ltd. | Reduce -0.5% | 1.55% | −0.16 |
| MSFT Microsoft Corp. | Reduce -0.2% | 4.12% | −0.11 |
| GIS General Mills Inc. | Reduce -0.0% | 0.89% | −0.09 |
| DIS The Walt Disney Co. | Reduce -2.2% | 0.43% | −0.08 |
| KO The Coca-Cola Co. | Reduce -0.8% | 0.39% | −0.06 |
| PWOD Penns Woods Bancorp Inc. | Sold out | 0.00% | −0.06 |
| NUE Nucor Corp. | Reduce -0.2% | 2.08% | −0.05 |
| ADP Automatic Data Processing | Reduce -1.4% | 0.27% | −0.04 |
| SCHW Schwab (charles) Corp. | Reduce -0.1% | 1.67% | −0.03 |
| MBUU Malibu Boats Inc. Class A | Reduce -49.5% | 0.03% | −0.03 |
| IWD iShares Russell 1000 Value E | Reduce -16.9% | 0.14% | −0.03 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -1.5% | 0.85% | −0.03 |
| AMGN Amgen Inc. | Reduce -2.4% | 0.32% | −0.03 |
| IEF iShares 7-10 Year Treasury B | Reduce -10.0% | 0.15% | −0.03 |
| IWV iShares Russell 3000 ETF | Reduce -24.6% | 0.08% | −0.02 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -0.6% | 0.33% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -8.3% | 0.40% | −0.02 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -12.8% | 0.09% | −0.02 |
| ACN Accenture PLC Class A | Reduce -29.2% | 0.02% | −0.02 |
| SCHG Schwab US Large-Cap Growth | Reduce -4.8% | 0.61% | −0.02 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -0.7% | 0.21% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.1% | 0.80% | −0.01 |
| T AT&T Inc. | Reduce -1.6% | 0.12% | −0.01 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.01 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.01 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Reduce -15.5% | 0.05% | −0.01 |
| UPS United Parcel Service Class B | Reduce -6.7% | 0.03% | −0.01 |
| IGRO iShares Intl Div Growth ETF | Reduce -2.7% | 0.13% | −0.01 |
| ELV Elevance Health Inc. | Reduce -27.8% | 0.01% | −0.01 |
| CI The Cigna Group | Sold out | 0.00% | −0.01 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.01 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.01 |
| PFE Pfizer Inc. | Reduce -5.5% | 0.14% | −0.01 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.01 |
| MRSH Marsh & McLennan Cos | Reduce -34.9% | 0.01% | −0.01 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −0.01 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.01 |
| KHC The Kraft Heinz Co. | Reduce -0.4% | 0.14% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +0.7% | 3.03% | +0.44 |
| DELL Dell Technologies -C | Add +0.6% | 1.83% | +0.15 |
| LEN Lennar Corp. Class A | Add +0.1% | 1.63% | +0.10 |
| AOS Smith (a.o.) Corp. | Add +4.0% | 1.21% | +0.10 |
| LOW Lowe's Cos Inc. | Add +0.3% | 1.62% | +0.10 |
| HSY The Hershey Co. | Add +2.0% | 1.18% | +0.08 |
| CVX Chevron Corp. | Add +1.6% | 2.63% | +0.08 |
| NWBI Northwest Bancshares Inc. | New | 0.06% | +0.06 |
| GOOG Alphabet Inc. Class C | Add +5.9% | 0.23% | +0.06 |
| PPL PPL Corp. | Add +0.3% | 1.83% | +0.05 |
| CPB The Campbell's Company | New | 0.05% | +0.05 |
| VEU Vanguard Ftse All-World Ex-U | Add +7.7% | 0.76% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +3.5% | 0.19% | +0.05 |
| ORCL Oracle Corp. | Add +1.8% | 0.26% | +0.05 |
| VMBS Vanguard Mortgage-Backed Sec | New | 0.05% | +0.05 |
| VTWV Vanguard Russell 2000 Value | Add +28.7% | 0.16% | +0.04 |
| AVGO Broadcom Inc. | Add +2.5% | 0.29% | +0.04 |
| NVDA Nvidia Corp. | Add +14.5% | 0.17% | +0.04 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +2.6% | 0.75% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +16.0% | 0.19% | +0.03 |
| INTC Intel Corp. | Add +0.4% | 0.10% | +0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +2.8% | 0.84% | +0.03 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +5.8% | 0.24% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +38.3% | 0.07% | +0.02 |
| LMT Lockheed Martin Corp. | Add +0.1% | 1.84% | +0.02 |
| MRP Millrose Properties | Add +3.9% | 0.14% | +0.02 |
| STX Seagate Technology Holdings | Add +0.1% | 0.05% | +0.02 |
| WPC WP Carey Inc. | Add +0.4% | 0.95% | +0.02 |
| XLP SS Consumer Staples Sel Sect | New | 0.02% | +0.02 |
| LLY Eli Lilly & Co. | Add +21.4% | 0.16% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.0% | 0.54% | +0.02 |
| BX Blackstone Inc. | Add +1.0% | 0.18% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +30.2% | 0.06% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +5.4% | 0.35% | +0.01 |
| RTX RTX Corp. | Add +2.9% | 0.13% | +0.01 |
| DGRO iShares Core Dividend Growth | New | 0.01% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.01% | +0.01 |
| SCHX Schwab US Large-Cap ETF | Add +2.7% | 0.32% | +0.01 |
| BKNG Booking Holdings Inc. | New | 0.01% | +0.01 |
| PII Polaris Inc. | New | 0.01% | +0.01 |
| GDX Vaneck Gold Miners ETF | New | 0.01% | +0.01 |
| TTE Totalenergies SE -Spon ADR | New | 0.01% | +0.01 |
| VGT Vanguard Info Tech ETF | New | 0.01% | +0.01 |
| IONS Ionis Pharmaceuticals Inc. | New | 0.01% | +0.01 |
| SCHM Schwab US Mid Cap ETF | Add +2.2% | 0.84% | +0.01 |
| GLDM SPDR Gold Minishares Trust | New | 0.01% | +0.01 |
| GLW Corning Inc. | New | 0.01% | +0.01 |
| BP BP PLC-Spons ADR | New | 0.01% | +0.01 |
| ADM Archer-Daniels-Midland Co. | New | 0.01% | +0.01 |
| MET Metlife Inc. | 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 |