Berkshire Asset Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Berkshire Asset Management LLC reported 261 stock positions worth $2.3 billion. Its top holding was JPMorgan Chase (JPM) at 4.9% of the portfolio, followed by Microsoft (MSFT, 3.9%) and Abbvie (ABBV, 3.8%). Compared with Q3 2025, it opened 13 new positions, sold out of 50, added to 76 and reduced 137. The biggest buy was SS SPDR P S&P 600 Small Cap (SPSM, shares +48%) and the biggest sale an exit from iShares 0-3 Month Treasury B (SGOV).
- Most Recent 13F
- Q2 2026
- Location
- WILKES BARRE, PA
- CIK
- 0000949012
- Portfolio Value
- $2.3B (Q4 2025)
- SEC Filing
- 0001398344-26-003197 ↗ filed Feb 17, 2026
Holdings Value
Holdings 261 stocks · $2.3B
| JPM JPMorgan Chase & Co. | 4.93% | 348,430 | $112.3M | Reduce -1.5% |
| MSFT Microsoft Corp. | 3.90% | 183,751 | $88.9M | Reduce -1.7% |
| ABBV Abbvie Inc. | 3.78% | 376,948 | $86.1M | Reduce -0.9% |
| AAPL Apple Inc. | 3.26% | 273,504 | $74.4M | Reduce -2.3% |
| CSCO Cisco Systems Inc. | 2.93% | 866,118 | $66.7M | Reduce -1.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.83% | 1,171,125 | $64.4M | Reduce -1.5% |
| CVX Chevron Corp. | 2.62% | 392,052 | $59.8M | Reduce -1.5% |
| NUE Nucor Corp. | 2.57% | 358,772 | $58.5M | Reduce -0.6% |
| TEL Te Connectivity PLC | 2.51% | 250,954 | $57.1M | Reduce -1.6% |
| JNJ Johnson & Johnson | 2.28% | 251,147 | $52.0M | Reduce -1.0% |
| WM Waste Management Inc. | 2.27% | 235,288 | $51.7M | Add +0.6% |
| QCOM Qualcomm Inc. | 2.25% | 299,661 | $51.3M | Reduce -1.2% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 2.13% | 240,943 | $48.5M | Reduce -2.9% |
| NSC Norfolk Southern Corp. | 1.99% | 156,935 | $45.3M | Reduce -0.6% |
| WMT Walmart Inc. | 1.91% | 391,047 | $43.6M | Add +0.3% |
| EMR Emerson Electric Co. | 1.84% | 316,427 | $42.0M | Reduce -12.2% |
| PNC PNC Financial Services Group | 1.82% | 199,067 | $41.6M | Reduce -0.4% |
| HON Honeywell International Inc. | 1.78% | 207,860 | $40.6M | Reduce -3.2% |
| SCHW Schwab (charles) Corp. | 1.78% | 405,365 | $40.5M | Reduce -1.4% |
| LMT Lockheed Martin Corp. | 1.77% | 83,369 | $40.3M | Reduce -3.6% |
| CB Chubb Ltd. | 1.76% | 128,339 | $40.1M | Reduce -0.9% |
| PPL PPL Corp. | 1.75% | 1,136,056 | $39.8M | Reduce -1.8% |
| MCD McDonald's Corp. | 1.72% | 128,545 | $39.3M | Reduce -0.8% |
| DELL Dell Technologies -C | 1.71% | 309,427 | $39.0M | Add +1.7% |
| ABT Abbott Laboratories | 1.66% | 301,068 | $37.7M | Reduce -1.4% |
| LOW Lowe's Cos Inc. | 1.60% | 151,006 | $36.4M | Reduce -0.6% |
| KMI Kinder Morgan Inc. | 1.47% | 1,217,959 | $33.5M | Reduce -0.3% |
| DE Deere & Co. | 1.46% | 71,566 | $33.3M | Add +1.0% |
| PG The Procter & Gamble Co. | 1.42% | 226,192 | $32.4M | Reduce -3.5% |
| BMY Bristol-Myers Squibb Co. | 1.38% | 582,634 | $31.4M | Add +7.0% |
| LEN Lennar Corp. Class A | 1.36% | 302,496 | $31.1M | Reduce -0.5% |
| MDLZ Mondelez International Inc. Class A | 1.33% | 564,106 | $30.4M | Reduce -4.6% |
| EOG EOG Resources Inc. | 1.22% | 265,643 | $27.9M | Reduce -0.0% |
| HSY The Hershey Co. | 1.17% | 146,154 | $26.6M | Reduce -1.2% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.16% | 563,967 | $26.4M | Add +47.5% |
| AOS Smith (a.o.) Corp. | 1.14% | 389,030 | $26.0M | Add +0.1% |
| SCHF Schwab Intl Equity ETF | 1.14% | 1,078,430 | $25.9M | Add +2.8% |
| PEP Pepsico Inc. | 1.10% | 174,042 | $25.0M | Reduce -0.4% |
| WFC Wells Fargo & Co. | 0.97% | 237,451 | $22.1M | Reduce -0.2% |
| WPC WP Carey Inc. | 0.93% | 328,144 | $21.1M | Reduce -0.4% |
| SCHM Schwab US Mid Cap ETF | 0.90% | 682,215 | $20.5M | Add +1.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.82% | 253,369 | $18.6M | Add +1.1% |
| GIS General Mills Inc. | 0.82% | 399,742 | $18.6M | Reduce -3.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.81% | 63,945 | $18.6M | Reduce -0.3% |
| PHM Pultegroup Inc. | 0.70% | 136,002 | $15.9M | Reduce -1.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.64% | 56,415 | $14.6M | Reduce -27.1% |
| SCHG Schwab US Large-Cap Growth | 0.59% | 413,578 | $13.5M | Reduce -7.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.52% | 17,386 | $11.9M | Reduce -8.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.44% | 87,161 | $9.9M | Reduce -0.7% |
| KO The Coca-Cola Co. | 0.42% | 137,113 | $9.6M | Reduce -1.8% |
| COP Conocophillips | 0.41% | 101,023 | $9.5M | Reduce -1.0% |
| IWF iShares Russell 1000 Growth | 0.41% | 19,807 | $9.4M | Reduce -2.3% |
| C Citigroup Inc. | 0.40% | 78,602 | $9.2M | Reduce -5.5% |
| AMGN Amgen Inc. | 0.39% | 27,236 | $8.9M | Add +1.3% |
| VEA Vanguard Ftse Developed ETF | 0.38% | 140,301 | $8.8M | Add +2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.38% | 17,203 | $8.6M | Reduce -31.8% |
| AMZN Amazon.com Inc. | 0.38% | 37,149 | $8.6M | Reduce -1.1% |
| SCHX Schwab US Large-Cap ETF | 0.35% | 296,372 | $8.0M | Add +4.9% |
| SCHV Schwab US Large-Cap Value | 0.33% | 256,676 | $7.6M | Add +7.4% |
| AVGO Broadcom Inc. | 0.32% | 21,236 | $7.3M | Add +4.4% |
| GE General Electric filed as GE AEROSPACE | 0.30% | 21,945 | $6.8M | Reduce -3.6% |
| GOOG Alphabet Inc. Class C | 0.29% | 21,254 | $6.7M | Reduce -4.5% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.26% | 181,527 | $5.9M | Add +5.3% |
| GOOGL Alphabet Inc. Class A | 0.25% | 18,084 | $5.7M | Reduce -0.9% |
| IWD iShares Russell 1000 Value E | 0.24% | 26,447 | $5.6M | Add +58.7% |
| ADP Automatic Data Processing | 0.23% | 20,604 | $5.3M | Reduce -5.1% |
| SCHB Schwab US Broad Market ETF | 0.23% | 199,576 | $5.2M | Add +1.9% |
| VWO Vanguard Ftse Emerging Marke | 0.20% | 85,823 | $4.6M | Add +1.4% |
| NVDA Nvidia Corp. | 0.20% | 24,697 | $4.6M | Add +13.0% |
| MDT Medtronic PLC | 0.20% | 46,358 | $4.5M | Reduce -20.3% |
| XOM Exxon Mobil Corp. | 0.19% | 35,546 | $4.3M | Add +2.1% |
| GEV GE Vernova Inc. | 0.19% | 6,482 | $4.2M | Add +10.0% |
| LLY Eli Lilly & Co. | 0.18% | 3,895 | $4.2M | Reduce -19.0% |
| ORCL Oracle Corp. | 0.18% | 20,522 | $4.0M | Reduce -4.3% |
| VTWV Vanguard Russell 2000 Value | 0.17% | 23,899 | $3.8M | Add +0.3% |
| BX Blackstone Inc. | 0.16% | 24,230 | $3.7M | Reduce -1.9% |
| MRK Merck & Co. Inc. | 0.16% | 34,684 | $3.7M | Reduce -7.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 11,673 | $3.5M | Reduce -8.8% |
| TTI Tetra Technologies Inc. | 0.15% | 367,500 | $3.4M | No change |
| RTX RTX Corp. | 0.15% | 18,110 | $3.3M | Reduce -2.8% |
| MRP Millrose Properties | 0.14% | 108,973 | $3.3M | Add +10.6% |
| IWM iShares Russell 2000 ETF | 0.14% | 13,213 | $3.3M | Reduce -3.0% |
| AXP American Express Co. | 0.14% | 8,563 | $3.2M | Reduce -1.1% |
| HD Home Depot Inc. | 0.14% | 9,043 | $3.1M | Reduce -8.9% |
| IGRO iShares Intl Div Growth ETF | 0.14% | 37,340 | $3.1M | Reduce -3.3% |
| EXPE Expedia Group Inc. | 0.13% | 10,453 | $3.0M | Reduce -0.1% |
| KHC The Kraft Heinz Co. | 0.13% | 119,248 | $2.9M | Reduce -8.1% |
| XLP SS Consumer Staples Sel Sect | 0.11% | 33,571 | $2.6M | Add +581.0% |
| META Meta Platforms Inc. Class A | 0.11% | 3,943 | $2.6M | Reduce -11.7% |
| SOLS Solstice Adv Materials Inc. | 0.11% | 52,166 | $2.5M | Reduce -2.8% |
| PM Philip Morris International | 0.11% | 15,477 | $2.5M | Reduce -5.5% |
| PFE Pfizer Inc. | 0.11% | 99,438 | $2.5M | Reduce -22.7% |
| UNH Unitedhealth Group Inc. | 0.11% | 7,498 | $2.5M | Reduce -11.0% |
| INTC Intel Corp. | 0.11% | 66,802 | $2.5M | Reduce -8.6% |
| T AT&T Inc. | 0.11% | 97,917 | $2.4M | Reduce -1.4% |
| AEP American Electric Power | 0.10% | 20,341 | $2.3M | Reduce -1.1% |
| CAT Caterpillar Inc. | 0.10% | 3,912 | $2.2M | Reduce -0.1% |
| REZI Resideo Technologies Inc. | 0.10% | 63,319 | $2.2M | No change |
| EFA iShares MSCI Eafe ETF | 0.09% | 22,506 | $2.2M | Reduce -0.1% |
| MS Morgan Stanley | 0.09% | 11,802 | $2.1M | Add +2.8% |
Portfolio Sells Q3 2025 → Q4 2025
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.48 |
| SPTI SS SPDR P Int Term TSY ETF | Sold out | 0.00% | −0.33 |
| LEN Lennar Corp. Class A | Reduce -0.5% | 1.36% | −0.26 |
| MDLZ Mondelez International Inc. Class A | Reduce -4.6% | 1.33% | −0.24 |
| MSFT Microsoft Corp. | Reduce -1.7% | 3.90% | −0.22 |
| SPTS SS SPDR P St Term TSY ETF | Sold out | 0.00% | −0.21 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -27.1% | 0.64% | −0.20 |
| IAU iShares Gold Trust | Sold out | 0.00% | −0.17 |
| EMR Emerson Electric Co. | Reduce -12.2% | 1.84% | −0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -31.8% | 0.38% | −0.16 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −0.15 |
| HON Honeywell International Inc. | Reduce -3.2% | 1.78% | −0.14 |
| SCHO Schwab Short-Term US Treas | Sold out | 0.00% | −0.14 |
| PG The Procter & Gamble Co. | Reduce -3.5% | 1.42% | −0.11 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −0.09 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.09 |
| LEG Leggett & Platt Inc. | Reduce -86.7% | 0.02% | −0.09 |
| SPSB SS SPDR P St C Corp. ETF | Sold out | 0.00% | −0.09 |
| ABT Abbott Laboratories | Reduce -1.4% | 1.66% | −0.08 |
| PPL PPL Corp. | Reduce -1.8% | 1.75% | −0.08 |
| ORCL Oracle Corp. | Reduce -4.3% | 0.18% | −0.08 |
| VGK Vanguard Ftse Europe ETF | Reduce -56.0% | 0.07% | −0.08 |
| SCHD Schwab US DVD Equity ETF | Reduce -78.2% | 0.02% | −0.08 |
| PHM Pultegroup Inc. | Reduce -1.7% | 0.70% | −0.08 |
| CBU Community Financial System I | Reduce -57.9% | 0.06% | −0.08 |
| GIS General Mills Inc. | Reduce -3.8% | 0.82% | −0.07 |
| LMT Lockheed Martin Corp. | Reduce -3.6% | 1.77% | −0.07 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −0.06 |
| SCHA Schwab US Small-Cap ETF | Reduce -50.7% | 0.06% | −0.05 |
| VMBS Vanguard Mortgage-Backed Sec | Sold out | 0.00% | −0.05 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Sold out | 0.00% | −0.05 |
| DVY iShares Select Dividend ETF | Reduce -38.5% | 0.07% | −0.04 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.04 |
| EOG EOG Resources Inc. | Reduce -0.0% | 1.22% | −0.04 |
| MDT Medtronic PLC | Reduce -20.3% | 0.20% | −0.04 |
| ADP Automatic Data Processing | Reduce -5.1% | 0.23% | −0.04 |
| EOSE Eos Energy Enterprises Inc. | Sold out | 0.00% | −0.04 |
| HD Home Depot Inc. | Reduce -8.9% | 0.14% | −0.03 |
| NWBI Northwest Bancshares Inc. | Reduce -56.1% | 0.03% | −0.03 |
| VCIT Vanguard Int-Term Corporate | Sold out | 0.00% | −0.03 |
| PFE Pfizer Inc. | Reduce -22.7% | 0.11% | −0.03 |
| MUB iShares National Muni Bond E | Sold out | 0.00% | −0.03 |
| IEI iShares 3-7 Year Treasury Bo | Sold out | 0.00% | −0.03 |
| NSC Norfolk Southern Corp. | Reduce -0.6% | 1.99% | −0.03 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −0.03 |
| SEER Seer Inc. | Sold out | 0.00% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -11.7% | 0.11% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -0.6% | 1.60% | −0.02 |
| MO Altria Group Inc. | Reduce -17.9% | 0.07% | −0.02 |
| BBY Best Buy Co. Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| SPSM SS SPDR P S&P 600 Small Cap | Add +47.5% | 1.16% | +0.41 |
| BMY Bristol-Myers Squibb Co. | Add +7.0% | 1.38% | +0.34 |
| WMT Walmart Inc. | Add +0.3% | 1.91% | +0.20 |
| IWD iShares Russell 1000 Value E | Add +58.7% | 0.24% | +0.10 |
| SCHF Schwab Intl Equity ETF | Add +2.8% | 1.14% | +0.10 |
| XLP SS Consumer Staples Sel Sect | Add +581.0% | 0.11% | +0.10 |
| DE Deere & Co. | Add +1.0% | 1.46% | +0.08 |
| WM Waste Management Inc. | Add +0.6% | 2.27% | +0.07 |
| AMGN Amgen Inc. | Add +1.3% | 0.39% | +0.07 |
| BF.B Brown-Forman Corp. Class B | New | 0.07% | +0.07 |
| VEU Vanguard Ftse All-World Ex-U | Add +1.1% | 0.82% | +0.06 |
| SCHM Schwab US Mid Cap ETF | Add +1.9% | 0.90% | +0.06 |
| SCHV Schwab US Large-Cap Value | Add +7.4% | 0.33% | +0.04 |
| AVGO Broadcom Inc. | Add +4.4% | 0.32% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Add +2.5% | 0.38% | +0.04 |
| CPB The Campbell's Company | Add +80.8% | 0.09% | +0.03 |
| SCHX Schwab US Large-Cap ETF | Add +4.9% | 0.35% | +0.03 |
| GEV GE Vernova Inc. | Add +10.0% | 0.19% | +0.03 |
| NVDA Nvidia Corp. | Add +13.0% | 0.20% | +0.03 |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | New | 0.02% | +0.02 |
| MU Micron Technology Inc. | Add +0.1% | 0.05% | +0.02 |
| XOM Exxon Mobil Corp. | Add +2.1% | 0.19% | +0.02 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.02% | +0.02 |
| GWW WW Grainger Inc. | New | 0.02% | +0.02 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +5.3% | 0.26% | +0.02 |
| SCHB Schwab US Broad Market ETF | Add +1.9% | 0.23% | +0.02 |
| MS Morgan Stanley | Add +2.8% | 0.09% | +0.01 |
| ROST Ross Stores Inc. | New | 0.01% | +0.01 |
| FCX Freeport-McMoran Inc. | New | 0.01% | +0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.3% | 0.07% | +0.01 |
| VONV Vanguard Russell 1000 Value | Add +26.2% | 0.04% | +0.01 |
| APTV Aptiv PLC | New | 0.01% | +0.01 |
| AMAT Applied Materials Inc. | New | 0.01% | +0.01 |
| ONEY SS SPDR R1000 Yield Foc ETF | New | 0.01% | +0.01 |
| VTWV Vanguard Russell 2000 Value | Add +0.3% | 0.17% | +0.01 |
| D Dominion Energy Inc. | New | 0.01% | +0.01 |
| HPQ HP Inc. | New | 0.01% | +0.01 |
| COR Cencora Inc. | New | 0.01% | +0.01 |
| GLD SPDR Gold Shares | Add +37.0% | 0.02% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +0.1% | 0.07% | +0.01 |
| PII Polaris Inc. | Add +57.5% | 0.02% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +54.1% | 0.02% | +0.01 |
| SONY Sony Group Corp. - SP ADR | Add +61.5% | 0.02% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +1.4% | 0.20% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +6.8% | 0.07% | +0.01 |
| DHR Danaher Corp. | Add +4.1% | 0.04% | +0.01 |
| MBUU Malibu Boats Inc. Class A | Add +35.3% | 0.04% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.1% | 0.05% | +0.01 |
| PSX Phillips 66 | Add +52.6% | 0.02% | +0.01 |
| SMH Vaneck Semiconductor ETF | Add +4.3% | 0.03% | +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 |