Reported portfolio
Berkshire Hathaway Inc.
Last update 2026-08-14
- Reported portfolio value
- $299,253,556,000
- Current positions
- 29
- Top five concentration
- 68.7%
- Largest position
- 22.0%
- New position
- 1
- Closed position
- 1
Reported holdings
30 positions
| Company | Portfolio | Recent activity | Shares | Reported price | Reported value | Updated / source |
|---|---|---|---|---|---|---|
AAPL APPLE INC | 22.04% | Unchanged | 227,917,808 | $289 | $65,950,297,000+$8,107,036,000 | 13F2026-06-30 ↗ |
AXP AMERICAN EXPRESS CO | 17.14% | Unchanged | 151,610,700 | $338 | $51,282,319,000+$5,423,115,000 | 13F2026-06-30 ↗ |
KO COCA COLA CO | 10.86% | Unchanged | 400,000,000 | $81 | $32,508,000,000+$2,088,000,000 | 13F2026-06-30 ↗ |
GOOGL ALPHABET INC | 9.41% | Added 45.2% | 78,791,167+24,541,369 | $357 | $28,157,599,000+$12,557,527,000 | 13F2026-06-30 ↗ |
BAC BANK OF AMER CORP | 9.20% | Reduced 5.9% | 483,394,015−30,230,150 | $57 | $27,543,791,000+$2,504,613,000 | 13F2026-06-30 ↗ |
CVX CHEVRON CORPORATION | 4.67% | Unchanged | 84,375,856 | $166 | $13,986,142,000−$3,471,223,000 | 13F2026-06-30 ↗ |
OXY OCCIDENTAL PETE CORP | 4.30% | Unchanged | 264,941,431 | $49 | $12,868,205,000−$4,352,988,000 | 13F2026-06-30 ↗ |
CB CHUBB LIMITED | 3.90% | Unchanged | 34,249,183 | $341 | $11,670,067,000+$507,230,000 | 13F2026-06-30 ↗ |
MCO MOODYS CORP | 3.73% | Unchanged | 24,669,778 | $453 | $11,173,436,000+$411,245,000 | 13F2026-06-30 ↗ |
GOOG ALPHABET INC | 3.21% | Added 658.3% | 27,188,433+23,603,218 | $353 | $9,606,489,000+$8,578,034,000 | 13F2026-06-30 ↗ |
KHC KRAFT HEINZ CO | 2.57% | Unchanged | 325,634,818 | $24 | $7,691,494,000+$367,967,000 | 13F2026-06-30 ↗ |
DVA DAVITA INC | 2.15% | Reduced 4.1% | 28,880,209−1,220,376 | $222 | $6,425,269,000+$1,799,110,000 | 13F2026-06-30 ↗ |
DAL DELTA AIR LINES INC | 1.79% | Added 44.0% | 57,320,000+17,510,544 | $94 | $5,368,591,000+$2,722,059,000 | 13F2026-06-30 ↗ |
SIRI SIRIUSXM HOLDINGS INC | 1.23% | Unchanged | 124,807,117 | $30 | $3,686,802,000+$806,254,000 | 13F2026-06-30 ↗ |
VRSN VERISIGN INC | 0.76% | Unchanged | 8,989,880 | $252 | $2,261,494,000+$28,768,000 | 13F2026-06-30 ↗ |
KR KROGER CO | 0.72% | Reduced 22.0% | 39,000,000−11,000,000 | $56 | $2,165,670,000−$1,452,330,000 | 13F2026-06-30 ↗ |
ALLY ALLY FINL INC | 0.41% | Reduced 6.9% | 27,000,000−2,000,000 | $46 | $1,240,650,000+$102,980,000 | 13F2026-06-30 ↗ |
LEN LENNAR CORP | 0.40% | Added 29.8% | 13,111,741+3,012,099 | $90 | $1,186,481,000+$309,429,000 | 13F2026-06-30 ↗ |
LLYVK LIBERTY LIVE HOLDINGS INC | 0.37% | Unchanged | 10,587,143 | $106 | $1,118,426,000+$122,070,000 | 13F2026-06-30 ↗ |
NYT NEW YORK TIMES CO MTN BE | 0.37% | Added 3.7% | 15,700,000+553,465 | $70 | $1,098,686,000−$169,533,000 | 13F2026-06-30 ↗ |
COF CAPITAL ONE FINL CORP | 0.20% | Reduced 58.0% | 3,000,000−4,150,000 | $201 | $601,860,000−$702,515,000 | 13F2026-06-30 ↗ |
LLYVA LIBERTY LIVE HOLDINGS INC | 0.17% | Unchanged | 4,986,588 | $101 | $504,942,000+$47,971,000 | 13F2026-06-30 ↗ |
LPX LOUISIANA PAC CORP | 0.15% | Unchanged | 5,664,793 | $79 | $445,593,000+$33,479,000 | 13F2026-06-30 ↗ |
NUE NUCOR CORP | 0.14% | Reduced 52.5% | 1,857,752−2,049,323 | $223 | $413,814,000−$246,872,000 | 13F2026-06-30 ↗ |
M MACYS INC | 0.06% | Added 141.8% | 7,347,426+4,309,071 | $24 | $173,032,000+$118,068,000 | 13F2026-06-30 ↗ |
NVR NVR INC | 0.03% | Unchanged | 11,112 | $6,813 | $75,711,000+$2,484,000 | 13F2026-06-30 ↗ |
LEN/B LENNAR CORP | 0.01% | Added 25.4% | 298,117+60,414 | $89 | $26,446,000+$6,450,000 | 13F2026-06-30 ↗ |
JEF JEFFERIES FINANCIAL GROUP IN | 0.01% | Unchanged | 433,558 | $50 | $21,669,000+$3,776,000 | 13F2026-06-30 ↗ |
DHI D R HORTON INC | 0.00% | New | 3,564+3,564 | $163 | $581,000+$581,000 | 13F2026-06-30 ↗ |
STZ CONSTELLATION BRANDS INC | 0.00% | Exited | 0−632,890 | $150 | $0−$94,934,000 | 13F2026-06-30 ↗ |
Reported price is calculated from the reported value and share count. It is not the investor's actual purchase price.
Filing history
Historical holdings
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 22.04% | 227,917,808 | $65,950,297,000 |
| AXP | AMERICAN EXPRESS CO | 17.14% | 151,610,700 | $51,282,319,000 |
| KO | COCA COLA CO | 10.86% | 400,000,000 | $32,508,000,000 |
| GOOGL | ALPHABET INC | 9.41% | 78,791,167 | $28,157,599,000 |
| BAC | BANK OF AMER CORP | 9.20% | 483,394,015 | $27,543,791,000 |
| CVX | CHEVRON CORPORATION | 4.67% | 84,375,856 | $13,986,142,000 |
| OXY | OCCIDENTAL PETE CORP | 4.30% | 264,941,431 | $12,868,205,000 |
| CB | CHUBB LIMITED | 3.90% | 34,249,183 | $11,670,067,000 |
| MCO | MOODYS CORP | 3.73% | 24,669,778 | $11,173,436,000 |
| GOOG | ALPHABET INC | 3.21% | 27,188,433 | $9,606,489,000 |
| KHC | KRAFT HEINZ CO | 2.57% | 325,634,818 | $7,691,494,000 |
| DVA | DAVITA INC | 2.15% | 28,880,209 | $6,425,269,000 |
| DAL | DELTA AIR LINES INC | 1.79% | 57,320,000 | $5,368,591,000 |
| SIRI | SIRIUSXM HOLDINGS INC | 1.23% | 124,807,117 | $3,686,802,000 |
| VRSN | VERISIGN INC | 0.76% | 8,989,880 | $2,261,494,000 |
| KR | KROGER CO | 0.72% | 39,000,000 | $2,165,670,000 |
| ALLY | ALLY FINL INC | 0.41% | 27,000,000 | $1,240,650,000 |
| LEN | LENNAR CORP | 0.40% | 13,111,741 | $1,186,481,000 |
| LLYVK | LIBERTY LIVE HOLDINGS INC | 0.37% | 10,587,143 | $1,118,426,000 |
| NYT | NEW YORK TIMES CO MTN BE | 0.37% | 15,700,000 | $1,098,686,000 |
| COF | CAPITAL ONE FINL CORP | 0.20% | 3,000,000 | $601,860,000 |
| LLYVA | LIBERTY LIVE HOLDINGS INC | 0.17% | 4,986,588 | $504,942,000 |
| LPX | LOUISIANA PAC CORP | 0.15% | 5,664,793 | $445,593,000 |
| NUE | NUCOR CORP | 0.14% | 1,857,752 | $413,814,000 |
| M | MACYS INC | 0.06% | 7,347,426 | $173,032,000 |
| NVR | NVR INC | 0.03% | 11,112 | $75,711,000 |
| LEN/B | LENNAR CORP | 0.01% | 298,117 | $26,446,000 |
| JEF | JEFFERIES FINANCIAL GROUP IN | 0.01% | 433,558 | $21,669,000 |
| DHI | D R HORTON INC | 0.00% | 3,564 | $581,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 21.99% | 227,917,808 | $57,843,260,000 |
| AXP | AMERICAN EXPRESS CO | 17.43% | 151,610,700 | $45,859,205,000 |
| KO | COCA COLA CO | 11.56% | 400,000,000 | $30,420,000,000 |
| BAC | BANK AMERICA CORP | 9.52% | 513,624,165 | $25,039,178,000 |
| CVX | CHEVRON CORPORATION | 6.64% | 84,375,856 | $17,457,365,000 |
| OXY | OCCIDENTAL PETE CORP | 6.55% | 264,941,431 | $17,221,193,000 |
| GOOGL | ALPHABET INC | 5.93% | 54,249,798 | $15,600,072,000 |
| CB | CHUBB LTD SWITZ | 4.24% | 34,249,183 | $11,162,836,000 |
| MCO | MOODYS CORP | 4.09% | 24,669,778 | $10,762,191,000 |
| KHC | KRAFT HEINZ CO | 2.78% | 325,634,818 | $7,323,527,000 |
| DVA | DAVITA INC | 1.76% | 30,100,585 | $4,626,159,000 |
| KR | KROGER CO | 1.38% | 50,000,000 | $3,618,000,000 |
| SIRI | SIRIUSXM HOLDINGS INC | 1.09% | 124,807,117 | $2,880,548,000 |
| DAL | DELTA AIR LINES INC | 1.01% | 39,809,456 | $2,646,533,000 |
| VRSN | VERISIGN INC | 0.85% | 8,989,880 | $2,232,727,000 |
| COF | CAPITAL ONE FINL CORP | 0.50% | 7,150,000 | $1,304,375,000 |
| NYT | NEW YORK TIMES CO MTN BE | 0.48% | 15,146,535 | $1,268,219,000 |
| ALLY | ALLY FINL INC | 0.43% | 29,000,000 | $1,137,670,000 |
| GOOG | ALPHABET INC | 0.39% | 3,585,215 | $1,028,455,000 |
| LLYVK | LIBERTY LIVE HOLDINGS INC | 0.38% | 10,587,143 | $996,356,000 |
| LEN | LENNAR CORP | 0.33% | 10,099,642 | $877,053,000 |
| NUE | NUCOR CORP | 0.25% | 3,907,075 | $660,686,000 |
| LLYVA | LIBERTY LIVE HOLDINGS INC | 0.17% | 4,986,588 | $456,971,000 |
| LPX | LOUISIANA PAC CORP | 0.16% | 5,664,793 | $412,114,000 |
| STZ | CONSTELLATION BRANDS INC | 0.04% | 632,890 | $94,934,000 |
| NVR | NVR INC | 0.03% | 11,112 | $73,226,000 |
| M | MACYS INC | 0.02% | 3,038,355 | $54,964,000 |
| LEN/B | LENNAR CORP | 0.01% | 237,703 | $19,996,000 |
| JEF | JEFFERIES FINANCIAL GROUP IN | 0.01% | 433,558 | $17,893,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 22.60% | 227,917,808 | $61,961,735,000 |
| AXP | AMERICAN EXPRESS CO | 20.46% | 151,610,700 | $56,088,378,000 |
| BAC | BANK AMERICA CORP | 10.38% | 517,295,934 | $28,451,276,000 |
| KO | COCA COLA CO | 10.20% | 400,000,000 | $27,964,000,000 |
| CVX | CHEVRON CORP NEW | 7.24% | 130,156,362 | $19,837,131,000 |
| MCO | MOODYS CORP | 4.60% | 24,669,778 | $12,602,556,000 |
| OXY | OCCIDENTAL PETE CORP | 3.97% | 264,941,431 | $10,894,392,000 |
| CB | CHUBB LIMITED | 3.90% | 34,249,183 | $10,689,855,000 |
| KHC | KRAFT HEINZ CO | 2.88% | 325,634,818 | $7,896,644,000 |
| GOOGL | ALPHABET INC | 2.04% | 17,846,142 | $5,585,842,000 |
| DVA | DAVITA INC | 1.32% | 31,759,065 | $3,608,147,000 |
| KR | KROGER CO | 1.14% | 50,000,000 | $3,124,000,000 |
| V | VISA INC | 1.06% | 8,297,460 | $2,910,002,000 |
| SIRI | SIRIUS XM HOLDINGS INC | 0.91% | 124,807,117 | $2,495,518,000 |
| MA | MASTERCARD INCORPORATED | 0.83% | 3,986,648 | $2,275,898,000 |
| VRSN | VERISIGN INC | 0.80% | 8,989,880 | $2,184,091,000 |
| STZ | CONSTELLATION BRANDS INC | 0.65% | 13,000,000 | $1,793,480,000 |
| COF | CAPITAL ONE FINL CORP | 0.63% | 7,150,000 | $1,732,874,000 |
| UNH | UNITEDHEALTH GROUP INC | 0.61% | 5,039,564 | $1,663,610,000 |
| DPZ | DOMINOS PIZZA INC | 0.51% | 3,350,000 | $1,396,347,000 |
| ALLY | ALLY FINL INC | 0.48% | 29,000,000 | $1,313,410,000 |
| AON | AON PLC | 0.46% | 3,602,995 | $1,271,425,000 |
| NUE | NUCOR CORP | 0.38% | 6,407,749 | $1,045,168,000 |
| LLYVK | LIBERTY LIVE HOLDINGS INC | 0.33% | 10,917,661 | $907,913,000 |
| LEN | LENNAR CORP | 0.26% | 7,050,950 | $724,838,000 |
| POOL | POOL CORP | 0.26% | 3,068,885 | $702,007,000 |
| AMZN | AMAZON COM INC | 0.19% | 2,276,000 | $525,346,000 |
| LPX | LOUISIANA PAC CORP | 0.17% | 5,664,793 | $457,489,000 |
| LLYVA | LIBERTY LIVE HOLDINGS INC | 0.15% | 4,986,588 | $406,407,000 |
| NYT | NEW YORK TIMES CO | 0.13% | 5,065,744 | $351,664,000 |
| HEI/A | HEICO CORP NEW | 0.12% | 1,294,612 | $326,799,000 |
| FWONK | LIBERTY MEDIA CORP DEL | 0.11% | 3,018,555 | $297,358,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.08% | 1,060,882 | $221,459,000 |
| LAMR | LAMAR ADVERTISING CO NEW | 0.06% | 1,202,410 | $152,201,000 |
| ALLE | ALLEGION PLC | 0.05% | 780,133 | $124,213,000 |
| NVR | NVR INC | 0.03% | 11,112 | $81,037,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.01% | 433,558 | $26,868,000 |
| DEO | DIAGEO PLC | 0.01% | 227,750 | $19,648,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,396,665 | $17,711,000 |
| LEN/B | LENNAR CORP | 0.01% | 180,980 | $17,215,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $9,579,000 |
| BATRK | ATLANTA BRAVES HLDGS INC | 0.00% | 115,428 | $4,554,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 22.69% | 238,212,764 | $60,656,116,000 |
| AXP | AMERICAN EXPRESS CO | 18.84% | 151,610,700 | $50,359,010,000 |
| BAC | BANK AMER CORP | 10.96% | 568,070,012 | $29,306,732,000 |
| KO | COCA COLA CO | 9.92% | 400,000,000 | $26,528,000,000 |
| CVX | CHEVRON CORP NEW | 7.09% | 122,064,792 | $18,955,442,000 |
| OXY | OCCIDENTAL PETE CORP | 4.68% | 264,941,431 | $12,518,483,000 |
| MCO | MOODYS CORP | 4.40% | 24,669,778 | $11,754,656,000 |
| CB | CHUBB LIMITED | 3.31% | 31,332,895 | $8,843,710,000 |
| KHC | KRAFT HEINZ CO | 3.17% | 325,634,818 | $8,479,531,000 |
| GOOGL | ALPHABET INC | 1.62% | 17,846,142 | $4,338,397,000 |
| DVA | DAVITA INC | 1.60% | 32,160,579 | $4,273,176,000 |
| KR | KROGER CO | 1.26% | 50,000,000 | $3,370,500,000 |
| SIRI | SIRIUS XM HOLDINGS INC | 1.09% | 124,807,117 | $2,904,886,000 |
| V | VISA INC | 1.06% | 8,297,460 | $2,832,587,000 |
| VRSN | VERISIGN INC | 0.94% | 8,989,880 | $2,513,301,000 |
| MA | MASTERCARD INC | 0.85% | 3,986,648 | $2,267,645,000 |
| AMZN | AMAZON COM INC | 0.82% | 10,000,000 | $2,195,700,000 |
| STZ | CONSTELLATION BRANDS INC | 0.68% | 13,400,000 | $1,804,578,000 |
| UNH | UNITEDHEALTH GROUP INC | 0.65% | 5,039,564 | $1,740,161,000 |
| COF | CAPITAL ONE FINL CORP | 0.57% | 7,150,000 | $1,519,947,000 |
| AON | AON PLC | 0.55% | 4,100,000 | $1,461,978,000 |
| DPZ | DOMINOS PIZZA INC | 0.48% | 2,981,945 | $1,287,335,000 |
| ALLY | ALLY FINL INC | 0.43% | 29,000,000 | $1,136,800,000 |
| POOL | POOL CORP | 0.40% | 3,458,885 | $1,072,496,000 |
| LLYVK* | LIBERTY MEDIA CORP DEL | 0.40% | 10,917,661 | $1,058,686,000 |
| LEN | LENNAR CORP | 0.33% | 7,050,950 | $888,702,000 |
| NUE | NUCOR CORP | 0.32% | 6,407,749 | $867,801,000 |
| LPX | LOUISIANA PAC CORP | 0.19% | 5,664,793 | $503,260,000 |
| LLYVA* | LIBERTY MEDIA CORP DEL | 0.18% | 4,986,588 | $470,235,000 |
| HEI/A | HEICO CORP NEW | 0.12% | 1,294,612 | $328,948,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.12% | 3,018,555 | $315,288,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.11% | 1,060,882 | $291,854,000 |
| LAMR | LAMAR ADVERTISING CO NEW | 0.06% | 1,202,110 | $147,162,000 |
| ALLE | ALLEGION PLC | 0.05% | 780,133 | $138,357,000 |
| NVR | NVR INC | 0.03% | 11,112 | $89,281,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.01% | 433,558 | $28,363,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $21,809,000 |
| DEO | DIAGEO P L C | 0.01% | 227,750 | $21,734,000 |
| LEN/B | LENNAR CORP | 0.01% | 180,980 | $21,716,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $10,837,000 |
| BATRK | ATLANTA BRAVES HLDGS INC | 0.00% | 223,645 | $9,301,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 22.31% | 280,000,000 | $57,447,600,000 |
| AXP | AMERICAN EXPRESS CO | 18.78% | 151,610,700 | $48,360,781,000 |
| BAC | BANK AMER CORP | 11.12% | 605,267,375 | $28,641,252,000 |
| KO | COCA COLA CO | 10.99% | 400,000,000 | $28,300,000,000 |
| CVX | CHEVRON CORP NEW | 6.79% | 122,064,792 | $17,478,458,000 |
| MCO | MOODYS CORP | 4.81% | 24,669,778 | $12,374,114,000 |
| OXY | OCCIDENTAL PETE CORP | 4.32% | 264,941,431 | $11,130,190,000 |
| KHC | KRAFT HEINZ CO | 3.26% | 325,634,818 | $8,407,891,000 |
| CB | CHUBB LIMITED | 3.04% | 27,033,784 | $7,832,228,000 |
| DVA | DAVITA INC | 1.87% | 33,796,541 | $4,814,317,000 |
| VRSN | VERISIGN INC | 1.49% | 13,289,880 | $3,838,117,000 |
| KR | KROGER CO | 1.39% | 50,000,000 | $3,586,500,000 |
| V | VISA INC | 1.14% | 8,297,460 | $2,946,013,000 |
| SIRI | SIRIUS XM HOLDINGS INC | 1.07% | 119,776,692 | $2,751,271,000 |
| MA | MASTERCARD INC | 0.87% | 3,986,648 | $2,240,257,000 |
| AMZN | AMAZON COM INC | 0.85% | 10,000,000 | $2,193,900,000 |
| STZ | CONSTELLATION BRANDS INC | 0.85% | 13,400,000 | $2,179,912,000 |
| UNH | UNITEDHEALTH GROUP INC | 0.61% | 5,039,564 | $1,572,193,000 |
| COF | CAPITAL ONE FINL CORP | 0.59% | 7,150,000 | $1,521,234,000 |
| AON | AON PLC | 0.57% | 4,100,000 | $1,462,716,000 |
| DPZ | DOMINOS PIZZA INC | 0.46% | 2,633,868 | $1,186,821,000 |
| ALLY | ALLY FINL INC | 0.44% | 29,000,000 | $1,129,550,000 |
| POOL | POOL CORP | 0.39% | 3,458,885 | $1,008,196,000 |
| LLYVK* | LIBERTY MEDIA CORP DEL | 0.34% | 10,917,661 | $886,077,000 |
| NUE | NUCOR CORP | 0.33% | 6,614,112 | $856,792,000 |
| LEN | LENNAR CORP | 0.30% | 7,048,993 | $779,689,000 |
| LPX | LOUISIANA PAC CORP | 0.19% | 5,664,793 | $487,116,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.17% | 1,060,882 | $433,699,000 |
| LLYVA* | LIBERTY MEDIA CORP DEL | 0.15% | 4,986,588 | $396,334,000 |
| HEI/A | HEICO CORP NEW | 0.13% | 1,294,612 | $334,981,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.12% | 3,018,555 | $315,439,000 |
| DHI | D R HORTON INC | 0.07% | 1,485,350 | $191,491,000 |
| LAMR | LAMAR ADVERTISING CO NEW | 0.06% | 1,169,507 | $141,931,000 |
| ALLE | ALLEGION PLC | 0.04% | 780,133 | $112,433,000 |
| NVR | NVR INC | 0.03% | 11,112 | $82,069,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.01% | 433,558 | $23,711,000 |
| DEO | DIAGEO P L C | 0.01% | 227,750 | $22,966,000 |
| LEN/B | LENNAR CORP | 0.01% | 180,930 | $19,043,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $16,048,000 |
| BATRK | ATLANTA BRAVES HLDGS INC | 0.00% | 223,645 | $10,460,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $7,987,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 25.76% | 300,000,000 | $66,639,000,000 |
| AXP | AMERICAN EXPRESS CO | 15.77% | 151,610,700 | $40,790,859,000 |
| KO | COCA COLA CO | 11.07% | 400,000,000 | $28,648,000,000 |
| BAC | BANK AMER CORP | 10.19% | 631,573,531 | $26,355,563,000 |
| CVX | CHEVRON CORP NEW | 7.67% | 118,610,534 | $19,842,356,000 |
| OXY | OCCIDENTAL PETE CORP | 5.06% | 264,941,431 | $13,077,509,000 |
| MCO | MOODYS CORP | 4.44% | 24,669,778 | $11,488,469,000 |
| KHC | KRAFT HEINZ CO | 3.83% | 325,634,818 | $9,909,068,000 |
| CB | CHUBB LIMITED | 3.16% | 27,033,784 | $8,163,932,000 |
| DVA | DAVITA INC | 2.08% | 35,142,479 | $5,375,745,000 |
| KR | KROGER CO | 1.31% | 50,000,000 | $3,384,500,000 |
| VRSN | VERISIGN INC | 1.30% | 13,289,880 | $3,373,902,000 |
| V | VISA INC | 1.12% | 8,297,460 | $2,907,928,000 |
| SIRI | SIRIUS XM HOLDINGS INC | 1.04% | 119,776,692 | $2,700,366,000 |
| STZ | CONSTELLATION BRANDS INC | 0.85% | 12,009,000 | $2,203,892,000 |
| MA | MASTERCARD INC | 0.84% | 3,986,648 | $2,185,162,000 |
| AMZN | AMAZON COM INC | 0.74% | 10,000,000 | $1,902,600,000 |
| AON | AON PLC | 0.63% | 4,100,000 | $1,636,269,000 |
| COF | CAPITAL ONE FINL CORP | 0.50% | 7,150,000 | $1,281,995,000 |
| DPZ | DOMINOS PIZZA INC | 0.47% | 2,620,613 | $1,204,041,000 |
| ALLY | ALLY FINL INC | 0.41% | 29,000,000 | $1,057,630,000 |
| TMUS | T-MOBILE US INC | 0.40% | 3,883,145 | $1,035,674,000 |
| LLYVK* | LIBERTY MEDIA CORP DEL | 0.29% | 10,917,661 | $743,929,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.28% | 1,984,259 | $731,259,000 |
| LPX | LOUISIANA PAC CORP | 0.20% | 5,664,793 | $521,048,000 |
| POOL | POOL CORP | 0.18% | 1,464,000 | $466,064,000 |
| LLYVA* | LIBERTY MEDIA CORP DEL | 0.13% | 4,986,588 | $335,298,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.12% | 3,512,000 | $316,115,000 |
| HEI/A | HEICO CORP NEW | 0.09% | 1,162,088 | $245,166,000 |
| NVR | NVR INC | 0.03% | 11,112 | $80,500,000 |
| DEO | DIAGEO P L C | 0.01% | 227,750 | $23,866,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.01% | 433,558 | $23,226,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $16,653,000 |
| LEN/B | LENNAR CORP | 0.01% | 152,572 | $16,641,000 |
| BATRK | ATLANTA BRAVES HLDGS INC | 0.00% | 223,645 | $8,948,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $7,974,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| NUE | NUCOR CORP | 62.60% | 5,756,510 | $692,738,000 |
| LEN | LENNAR CORP | 20.02% | 1,929,972 | $221,522,000 |
| DHI | D R HORTON INC | 17.38% | 1,512,371 | $192,268,000 |
| LEN/B | LENNAR CORP | 0.00% | 202 | $22,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 28.12% | 300,000,000 | $75,126,000,000 |
| AXP | AMERICAN EXPRESS CO | 16.84% | 151,610,700 | $44,996,540,000 |
| BAC | BANK AMER CORP | 11.19% | 680,233,587 | $29,896,266,000 |
| KO | COCA COLA CO | 9.32% | 400,000,000 | $24,904,000,000 |
| CVX | CHEVRON CORP NEW | 6.43% | 118,610,534 | $17,179,550,000 |
| OXY | OCCIDENTAL PETE CORP | 4.89% | 264,178,414 | $13,053,055,000 |
| MCO | MOODYS CORP | 4.37% | 24,669,778 | $11,677,933,000 |
| KHC | KRAFT HEINZ CO | 3.74% | 325,634,818 | $10,000,245,000 |
| CB | CHUBB LIMITED | 2.80% | 27,033,784 | $7,469,435,000 |
| DVA | DAVITA INC | 2.02% | 36,095,570 | $5,398,092,000 |
| KR | KROGER CO | 1.14% | 50,000,000 | $3,057,500,000 |
| VRSN | VERISIGN INC | 1.03% | 13,271,457 | $2,746,661,000 |
| SIRI | SIRIUS XM HOLDINGS INC | 1.00% | 117,468,573 | $2,678,283,000 |
| V | VISA INC | 0.98% | 8,297,460 | $2,622,329,000 |
| AMZN | AMAZON COM INC | 0.82% | 10,000,000 | $2,193,900,000 |
| MA | MASTERCARD INC | 0.79% | 3,986,648 | $2,099,249,000 |
| AON | AON PLC | 0.55% | 4,100,000 | $1,472,556,000 |
| COF | CAPITAL ONE FINL CORP | 0.50% | 7,450,000 | $1,328,484,000 |
| STZ | CONSTELLATION BRANDS INC | 0.47% | 5,624,324 | $1,242,976,000 |
| ALLY | ALLY FINL INC | 0.39% | 29,000,000 | $1,044,290,000 |
| C | CITIGROUP INC | 0.39% | 14,639,502 | $1,030,475,000 |
| DPZ | DOMINOS PIZZA INC | 0.37% | 2,382,000 | $999,868,000 |
| TMUS | T-MOBILE US INC | 0.36% | 4,350,000 | $960,176,000 |
| LLYVK* | LIBERTY MEDIA CORP DEL | 0.28% | 10,917,661 | $743,056,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.26% | 1,991,759 | $682,715,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.24% | 6,801,360 | $630,214,000 |
| LPX | LOUISIANA PAC CORP | 0.22% | 5,664,793 | $586,589,000 |
| NU | NU HLDGS LTD | 0.16% | 40,180,168 | $416,267,000 |
| LLYVA* | LIBERTY MEDIA CORP DEL | 0.12% | 4,986,588 | $331,907,000 |
| POOL | POOL CORP | 0.08% | 598,689 | $204,117,000 |
| HEI/A | HEICO CORP NEW | 0.07% | 1,049,687 | $195,326,000 |
| NVR | NVR INC | 0.03% | 11,112 | $90,884,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.01% | 433,558 | $33,991,000 |
| DEO | DIAGEO P L C | 0.01% | 227,750 | $28,954,000 |
| LEN/B | LENNAR CORP | 0.01% | 152,572 | $20,162,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $16,732,000 |
| BATRK | ATLANTA BRAVES HLDGS INC | 0.00% | 223,645 | $8,557,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $8,141,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 26.24% | 300,000,000 | $69,900,000,000 |
| AXP | AMERICAN EXPRESS CO | 15.44% | 151,610,700 | $41,116,822,000 |
| BAC | BANK AMER CORP | 11.88% | 797,683,307 | $31,652,074,000 |
| KO | COCA COLA CO | 10.79% | 400,000,000 | $28,744,000,000 |
| CVX | CHEVRON CORP NEW | 6.56% | 118,610,534 | $17,467,773,000 |
| OXY | OCCIDENTAL PETE CORP | 4.94% | 255,281,524 | $13,157,210,000 |
| MCO | MOODYS CORP | 4.40% | 24,669,778 | $11,708,030,000 |
| KHC | KRAFT HEINZ CO | 4.29% | 325,634,818 | $11,433,038,000 |
| CB | CHUBB LIMITED | 2.93% | 27,033,784 | $7,796,273,000 |
| DVA | DAVITA INC | 2.22% | 36,095,570 | $5,917,147,000 |
| C | CITIGROUP INC | 1.30% | 55,244,797 | $3,458,324,000 |
| KR | KROGER CO | 1.08% | 50,000,000 | $2,865,000,000 |
| SIRI | SIRIUS XM HOLDINGS INC | 0.93% | 105,155,029 | $2,486,916,000 |
| VRSN | VERISIGN INC | 0.91% | 12,815,613 | $2,434,454,000 |
| V | VISA INC | 0.86% | 8,297,460 | $2,281,387,000 |
| MA | MASTERCARD INC | 0.74% | 3,986,648 | $1,968,607,000 |
| AMZN | AMAZON COM INC | 0.70% | 10,000,000 | $1,863,300,000 |
| AON | AON PLC | 0.53% | 4,100,000 | $1,418,559,000 |
| COF | CAPITAL ONE FINL CORP | 0.51% | 9,100,000 | $1,362,543,000 |
| NU | NU HLDGS LTD | 0.44% | 86,438,997 | $1,179,892,000 |
| ALLY | ALLY FINL INC | 0.39% | 29,000,000 | $1,032,110,000 |
| TMUS | T-MOBILE US INC | 0.36% | 4,672,000 | $964,114,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.34% | 2,821,879 | $914,515,000 |
| LPX | LOUISIANA PAC CORP | 0.24% | 5,964,793 | $640,977,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.22% | 7,722,451 | $597,949,000 |
| LLYVK* | LIBERTY MEDIA CORP DEL | 0.21% | 10,917,661 | $560,404,000 |
| DPZ | DOMINOS PIZZA INC | 0.21% | 1,277,256 | $549,399,000 |
| LLYVA* | LIBERTY MEDIA CORP DEL | 0.09% | 4,986,588 | $246,886,000 |
| HEI/A | HEICO CORP NEW | 0.08% | 1,049,687 | $213,884,000 |
| POOL | POOL CORP | 0.06% | 404,057 | $152,249,000 |
| NVR | NVR INC | 0.04% | 11,112 | $109,029,000 |
| DEO | DIAGEO P L C | 0.01% | 227,750 | $31,962,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.01% | 433,558 | $26,685,000 |
| LEN/B | LENNAR CORP | 0.01% | 152,572 | $26,386,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $25,203,000 |
| VOO | VANGUARD INDEX FDS | 0.01% | 43,000 | $22,690,000 |
| SPY | SPDR S&P 500 ETF TR | 0.01% | 39,400 | $22,606,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $12,185,000 |
| ULTA | ULTA BEAUTY INC | 0.00% | 24,203 | $9,418,000 |
| BATRK | ATLANTA BRAVES HLDGS INC | 0.00% | 223,645 | $8,901,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 30.09% | 400,000,000 | $84,248,000,000 |
| BAC | BANK AMER CORP | 14.67% | 1,032,852,006 | $41,076,524,000 |
| AXP | AMERICAN EXPRESS CO | 12.54% | 151,610,700 | $35,105,458,000 |
| KO | COCA COLA CO | 9.09% | 400,000,000 | $25,460,000,000 |
| CVX | CHEVRON CORP NEW | 6.63% | 118,610,534 | $18,553,060,000 |
| OXY | OCCIDENTAL PETE CORP | 5.75% | 255,281,524 | $16,090,394,000 |
| KHC | KRAFT HEINZ CO | 3.75% | 325,634,818 | $10,491,954,000 |
| MCO | MOODYS CORP | 3.71% | 24,669,778 | $10,384,250,000 |
| CB | CHUBB LIMITED | 2.46% | 27,033,784 | $6,895,778,000 |
| DVA | DAVITA INC | 1.79% | 36,095,570 | $5,001,763,000 |
| C | CITIGROUP INC | 1.25% | 55,244,797 | $3,505,835,000 |
| KR | KROGER CO | 0.89% | 50,000,000 | $2,496,500,000 |
| VRSN | VERISIGN INC | 0.81% | 12,815,613 | $2,278,616,000 |
| V | VISA INC | 0.78% | 8,297,460 | $2,177,834,000 |
| AMZN | AMAZON COM INC | 0.69% | 10,000,000 | $1,932,500,000 |
| MA | MASTERCARD INC | 0.63% | 3,986,648 | $1,758,750,000 |
| LM0C | LIBERTY MEDIA CORP DEL | 0.55% | 70,002,897 | $1,551,264,000 |
| NU | NU HLDGS LTD | 0.49% | 107,118,784 | $1,380,761,000 |
| COF | CAPITAL ONE FINL CORP | 0.49% | 9,819,052 | $1,359,448,000 |
| AON | AON PLC | 0.43% | 4,100,000 | $1,203,678,000 |
| ALLY | ALLY FINL INC | 0.41% | 29,000,000 | $1,150,430,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.41% | 3,828,941 | $1,144,700,000 |
| TMUS | T-MOBILE US INC | 0.29% | 4,672,000 | $823,113,000 |
| 22941EUR | LIBERTY MEDIA CORP DEL | 0.28% | 35,182,219 | $779,286,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.20% | 7,722,451 | $554,781,000 |
| LPX | LOUISIANA PAC CORP | 0.18% | 5,964,793 | $491,081,000 |
| LLYVK* | LIBERTY MEDIA CORP DEL | 0.15% | 10,917,661 | $417,819,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.14% | 3,977,870 | $395,440,000 |
| — | SIRIUS XM HOLDINGS INC | 0.13% | 132,878,213 | $376,045,000 |
| ULTA | ULTA BEAUTY INC | 0.10% | 690,106 | $266,291,000 |
| LLYVA* | LIBERTY MEDIA CORP DEL | 0.07% | 4,986,588 | $187,047,000 |
| HEI/A | HEICO CORP NEW | 0.07% | 1,044,242 | $185,374,000 |
| NVR | NVR INC | 0.03% | 11,112 | $84,324,000 |
| DEO | DIAGEO P L C | 0.01% | 227,750 | $28,715,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $25,282,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.01% | 433,558 | $21,574,000 |
| VOO | VANGUARD INDEX FDS | 0.01% | 43,000 | $21,506,000 |
| SPY | SPDR S&P 500 ETF TR | 0.01% | 39,400 | $21,442,000 |
| LEN/B | LENNAR CORP | 0.01% | 152,572 | $21,273,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $12,352,000 |
| BATRK | ATLANTA BRAVES HLDGS INC | 0.00% | 223,645 | $8,821,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 40.81% | 789,368,450 | $135,360,902,000 |
| BAC | BANK AMER CORP | 11.81% | 1,032,852,006 | $39,165,748,000 |
| AXP | AMERICAN EXPRESS CO | 10.41% | 151,610,700 | $34,520,240,000 |
| KO | COCA COLA CO | 7.38% | 400,000,000 | $24,472,000,000 |
| CVX | CHEVRON CORP NEW | 5.85% | 122,980,207 | $19,398,898,000 |
| OXY | OCCIDENTAL PETE CORP | 4.86% | 248,018,128 | $16,118,698,000 |
| KHC | KRAFT HEINZ CO | 3.62% | 325,634,818 | $12,015,925,000 |
| MCO | MOODYS CORP | 2.92% | 24,669,778 | $9,695,963,000 |
| CB | CHUBB LIMITED | 2.03% | 25,923,840 | $6,717,645,000 |
| DVA | DAVITA INC | 1.50% | 36,095,570 | $4,982,993,000 |
| C | CITIGROUP INC | 1.05% | 55,244,797 | $3,493,681,000 |
| KR | KROGER CO | 0.86% | 50,000,000 | $2,856,500,000 |
| VRSN | VERISIGN INC | 0.73% | 12,815,613 | $2,428,687,000 |
| V | VISA INC | 0.70% | 8,297,460 | $2,315,655,000 |
| LM0C | LIBERTY MEDIA CORP DEL | 0.59% | 65,486,288 | $1,945,598,000 |
| MA | MASTERCARD INC | 0.58% | 3,986,648 | $1,919,850,000 |
| COF | CAPITAL ONE FINL CORP | 0.56% | 12,471,030 | $1,856,812,000 |
| AMZN | AMAZON COM INC | 0.54% | 10,000,000 | $1,803,800,000 |
| AON | AON PLC | 0.41% | 4,100,000 | $1,368,252,000 |
| NU | NU HLDGS LTD | 0.39% | 107,118,784 | $1,277,927,000 |
| ALLY | ALLY FINL INC | 0.35% | 29,000,000 | $1,177,110,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.34% | 3,828,941 | $1,112,805,000 |
| SNOW | SNOWFLAKE INC | 0.30% | 6,125,376 | $989,861,000 |
| 22941EUR | LIBERTY MEDIA CORP DEL | 0.29% | 32,755,624 | $972,842,000 |
| TMUS | T-MOBILE US INC | 0.26% | 5,242,000 | $855,599,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.19% | 4,780,000 | $619,584,000 |
| LPX | LOUISIANA PAC CORP | 0.17% | 6,597,947 | $553,634,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.15% | 7,722,451 | $506,593,000 |
| LLYVK* | LIBERTY MEDIA CORP DEL | 0.15% | 11,132,590 | $487,830,000 |
| LLYVA* | LIBERTY MEDIA CORP DEL | 0.06% | 5,051,918 | $213,949,000 |
| — | SIRIUS XM HOLDINGS INC | 0.04% | 36,681,912 | $142,326,000 |
| NVR | NVR INC | 0.03% | 11,112 | $90,007,000 |
| — | PARAMOUNT GLOBAL | 0.03% | 7,531,765 | $88,649,000 |
| DEO | DIAGEO P L C | 0.01% | 227,750 | $33,876,000 |
| LEN/B | LENNAR CORP | 0.01% | 152,572 | $23,524,000 |
| VOO | VANGUARD INDEX FDS | 0.01% | 43,000 | $20,670,000 |
| SPY | SPDR S&P 500 ETF TR | 0.01% | 39,400 | $20,609,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.01% | 433,558 | $19,120,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $18,337,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $8,975,000 |
| BATRK | ATLANTA BRAVES HLDGS INC | 0.00% | 223,645 | $8,736,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CB | CHUBB LIMITED | 100.00% | 20,100,000 | $4,542,600,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 50.19% | 905,560,000 | $174,347,467,000 |
| BAC | BANK AMER CORP | 10.01% | 1,032,852,006 | $34,776,127,000 |
| AXP | AMERICAN EXPRESS CO | 8.18% | 151,610,700 | $28,402,749,000 |
| KO | COCA COLA CO | 6.79% | 400,000,000 | $23,572,000,000 |
| CVX | CHEVRON CORP NEW | 5.41% | 126,093,326 | $18,808,081,000 |
| OXY | OCCIDENTAL PETE CORP | 4.19% | 243,715,804 | $14,552,271,000 |
| KHC | KRAFT HEINZ CO | 3.47% | 325,634,818 | $12,041,976,000 |
| MCO | MOODYS CORP | 2.77% | 24,669,778 | $9,635,028,000 |
| DVA | DAVITA INC | 1.09% | 36,095,570 | $3,781,372,000 |
| C | CITIGROUP INC | 0.82% | 55,244,797 | $2,841,792,000 |
| VRSN | VERISIGN INC | 0.76% | 12,815,613 | $2,639,504,000 |
| KR | KROGER CO | 0.66% | 50,000,000 | $2,285,500,000 |
| V | VISA INC | 0.62% | 8,297,460 | $2,160,244,000 |
| MA | MASTERCARD INC | 0.49% | 3,986,648 | $1,700,345,000 |
| COF | CAPITAL ONE FINL CORP | 0.47% | 12,471,030 | $1,635,201,000 |
| AMZN | AMAZON COM INC | 0.44% | 10,000,000 | $1,519,400,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.43% | 3,828,941 | $1,488,233,000 |
| LM0C | LIBERTY MEDIA CORP DEL | 0.36% | 43,208,291 | $1,243,535,000 |
| SNOW | SNOWFLAKE INC | 0.35% | 6,125,376 | $1,218,950,000 |
| AON | AON PLC | 0.34% | 4,100,000 | $1,193,182,000 |
| ALLY | ALLY FINL INC | 0.29% | 29,000,000 | $1,012,680,000 |
| — | PARAMOUNT GLOBAL | 0.27% | 63,322,491 | $936,540,000 |
| NU | NU HLDGS LTD | 0.26% | 107,118,784 | $892,299,000 |
| TMUS | T-MOBILE US INC | 0.24% | 5,242,000 | $840,450,000 |
| HPQ | HP INC | 0.20% | 22,852,715 | $687,638,000 |
| 22941EUR | LIBERTY MEDIA CORP DEL | 0.17% | 20,207,680 | $580,769,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.15% | 4,780,000 | $533,257,000 |
| LPX | LOUISIANA PAC CORP | 0.14% | 7,044,909 | $498,991,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.14% | 7,722,451 | $487,518,000 |
| LLYVK* | LIBERTY MEDIA CORP DEL | 0.12% | 11,132,590 | $416,248,000 |
| — | SIRIUS XM HOLDINGS INC | 0.06% | 40,243,058 | $220,130,000 |
| LLYVA* | LIBERTY MEDIA CORP DEL | 0.05% | 5,051,918 | $184,648,000 |
| NVR | NVR INC | 0.02% | 11,112 | $77,789,000 |
| DEO | DIAGEO P L C | 0.01% | 227,750 | $33,174,000 |
| LEN/B | LENNAR CORP | 0.01% | 152,572 | $20,452,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $19,231,000 |
| VOO | VANGUARD INDEX FDS | 0.01% | 43,000 | $18,782,000 |
| SPY | SPDR S&P 500 ETF TR | 0.01% | 39,400 | $18,727,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.01% | 433,558 | $17,520,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $9,425,000 |
| BATRK | ATLANTA BRAVES HLDGS INC | 0.00% | 223,645 | $8,852,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 50.04% | 915,560,382 | $156,753,093,000 |
| BAC | BANK AMER CORP | 9.03% | 1,032,852,006 | $28,279,488,000 |
| AXP | AMERICAN EXPRESS CO | 7.22% | 151,610,700 | $22,618,800,000 |
| KO | COCA COLA CO | 7.15% | 400,000,000 | $22,392,000,000 |
| CVX | CHEVRON CORP NEW | 5.93% | 110,248,289 | $18,590,066,000 |
| OXY | OCCIDENTAL PETE CORP | 4.64% | 224,129,192 | $14,541,502,000 |
| KHC | KRAFT HEINZ CO | 3.50% | 325,634,818 | $10,954,355,000 |
| MCO | MOODYS CORP | 2.49% | 24,669,778 | $7,799,844,000 |
| DVA | DAVITA INC | 1.09% | 36,095,570 | $3,412,114,000 |
| HPQ | HP INC | 0.84% | 102,519,035 | $2,634,739,000 |
| VRSN | VERISIGN INC | 0.83% | 12,815,613 | $2,595,546,000 |
| C | CITIGROUP INC | 0.73% | 55,244,797 | $2,272,219,000 |
| KR | KROGER CO | 0.71% | 50,000,000 | $2,237,500,000 |
| V | VISA INC | 0.61% | 8,297,460 | $1,908,499,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.54% | 3,828,941 | $1,684,045,000 |
| MA | MASTERCARD INC | 0.50% | 3,986,648 | $1,578,354,000 |
| AON | AON PLC | 0.42% | 4,100,000 | $1,329,302,000 |
| AMZN | AMAZON COM INC | 0.41% | 10,000,000 | $1,271,200,000 |
| COF | CAPITAL ONE FINL CORP | 0.39% | 12,471,030 | $1,210,313,000 |
| — | PARAMOUNT GLOBAL | 0.39% | 93,730,975 | $1,209,130,000 |
| LM0C | LIBERTY MEDIA CORP DEL | 0.35% | 43,208,291 | $1,100,083,000 |
| SNOW | SNOWFLAKE INC | 0.30% | 6,125,376 | $935,774,000 |
| NU | NU HLDGS LTD | 0.25% | 107,118,784 | $776,611,000 |
| ALLY | ALLY FINL INC | 0.25% | 29,000,000 | $773,720,000 |
| TMUS | T-MOBILE US INC | 0.23% | 5,242,000 | $734,142,000 |
| DHI | D R HORTON INC | 0.20% | 5,969,714 | $641,565,000 |
| 22941EUR | LIBERTY MEDIA CORP DEL | 0.16% | 20,207,680 | $514,285,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.15% | 7,722,451 | $481,109,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.14% | 4,780,000 | $432,590,000 |
| LPX | LOUISIANA PAC CORP | 0.12% | 7,044,909 | $389,372,000 |
| LLYVK* | LIBERTY MEDIA CORP DEL | 0.11% | 11,132,590 | $357,356,000 |
| MKL | MARKEL CORP | 0.07% | 158,715 | $233,706,000 |
| LLYVA* | LIBERTY MEDIA CORP DEL | 0.05% | 5,051,918 | $161,257,000 |
| STNE | STONECO LTD | 0.04% | 10,695,448 | $114,120,000 |
| GL | GLOBE LIFE INC | 0.03% | 831,014 | $90,356,000 |
| NVR | NVR INC | 0.02% | 11,112 | $66,264,000 |
| — | SIRIUS XM HOLDINGS INC | 0.01% | 9,683,224 | $43,768,000 |
| DEO | DIAGEO P L C | 0.01% | 227,750 | $33,976,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $21,467,000 |
| VOO | VANGUARD INDEX FDS | 0.01% | 43,000 | $16,886,000 |
| SPY | SPDR S&P 500 ETF TR | 0.01% | 39,400 | $16,843,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.01% | 433,558 | $15,881,000 |
| LEN/B | LENNAR CORP | 0.00% | 152,572 | $15,597,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $10,478,000 |
| BATRK | ATLANTA BRAVES HLDGS INC | 0.00% | 223,645 | $7,991,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 50.04% | 915,560,382 | $156,753,093,000 |
| BAC | BANK AMER CORP | 9.03% | 1,032,852,006 | $28,279,488,000 |
| AXP | AMERICAN EXPRESS CO | 7.22% | 151,610,700 | $22,618,800,000 |
| KO | COCA COLA CO | 7.15% | 400,000,000 | $22,392,000,000 |
| CVX | CHEVRON CORP NEW | 5.93% | 110,248,289 | $18,590,066,000 |
| OXY | OCCIDENTAL PETE CORP | 4.64% | 224,129,192 | $14,541,502,000 |
| KHC | KRAFT HEINZ CO | 3.50% | 325,634,818 | $10,954,355,000 |
| MCO | MOODYS CORP | 2.49% | 24,669,778 | $7,799,844,000 |
| DVA | DAVITA INC | 1.09% | 36,095,570 | $3,412,114,000 |
| HPQ | HP INC | 0.84% | 102,519,035 | $2,634,739,000 |
| VRSN | VERISIGN INC | 0.83% | 12,815,613 | $2,595,546,000 |
| C | CITIGROUP INC | 0.73% | 55,244,797 | $2,272,219,000 |
| KR | KROGER CO | 0.71% | 50,000,000 | $2,237,500,000 |
| V | VISA INC | 0.61% | 8,297,460 | $1,908,499,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.54% | 3,828,941 | $1,684,045,000 |
| MA | MASTERCARD INC | 0.50% | 3,986,648 | $1,578,354,000 |
| AON | AON PLC | 0.42% | 4,100,000 | $1,329,302,000 |
| AMZN | AMAZON COM INC | 0.41% | 10,000,000 | $1,271,200,000 |
| COF | CAPITAL ONE FINL CORP | 0.39% | 12,471,030 | $1,210,313,000 |
| — | PARAMOUNT GLOBAL | 0.39% | 93,730,975 | $1,209,130,000 |
| LM0C | LIBERTY MEDIA CORP DEL | 0.35% | 43,208,291 | $1,100,083,000 |
| SNOW | SNOWFLAKE INC | 0.30% | 6,125,376 | $935,774,000 |
| NU | NU HLDGS LTD | 0.25% | 107,118,784 | $776,611,000 |
| ALLY | ALLY FINL INC | 0.25% | 29,000,000 | $773,720,000 |
| TMUS | T-MOBILE US INC | 0.23% | 5,242,000 | $734,142,000 |
| DHI | D R HORTON INC | 0.20% | 5,969,714 | $641,565,000 |
| 22941EUR | LIBERTY MEDIA CORP DEL | 0.16% | 20,207,680 | $514,285,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.15% | 7,722,451 | $481,109,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.14% | 4,780,000 | $432,590,000 |
| LPX | LOUISIANA PAC CORP | 0.12% | 7,044,909 | $389,372,000 |
| LLYVK* | LIBERTY MEDIA CORP DEL | 0.11% | 11,132,590 | $357,356,000 |
| MKL | MARKEL CORP | 0.07% | 158,715 | $233,706,000 |
| LLYVA* | LIBERTY MEDIA CORP DEL | 0.05% | 5,051,918 | $161,257,000 |
| STNE | STONECO LTD | 0.04% | 10,695,448 | $114,120,000 |
| GL | GLOBE LIFE INC | 0.03% | 831,014 | $90,356,000 |
| NVR | NVR INC | 0.02% | 11,112 | $66,264,000 |
| — | SIRIUS XM HOLDINGS INC | 0.01% | 9,683,224 | $43,768,000 |
| DEO | DIAGEO P L C | 0.01% | 227,750 | $33,976,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $21,467,000 |
| VOO | VANGUARD INDEX FDS | 0.01% | 43,000 | $16,886,000 |
| SPY | SPDR S&P 500 ETF TR | 0.01% | 39,400 | $16,843,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.01% | 433,558 | $15,881,000 |
| LEN/B | LENNAR CORP | 0.00% | 152,572 | $15,597,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $10,478,000 |
| BATRK | ATLANTA BRAVES HLDGS INC | 0.00% | 223,645 | $7,991,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| CB | CHUBB LIMITED | 100.00% | 8,143,530 | $1,695,320,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 51.00% | 915,560,382 | $177,591,247,000 |
| BAC | BANK AMER CORP | 8.51% | 1,032,852,006 | $29,632,524,000 |
| AXP | AMERICAN EXPRESS CO | 7.59% | 151,610,700 | $26,410,584,000 |
| KO | COCA COLA CO | 6.92% | 400,000,000 | $24,088,000,000 |
| CVX | CHEVRON CORP NEW | 5.56% | 123,120,120 | $19,372,951,000 |
| OXY | OCCIDENTAL PETE CORP | 3.78% | 224,129,192 | $13,178,796,000 |
| KHC | KRAFT HEINZ CO | 3.32% | 325,634,818 | $11,560,036,000 |
| MCO | MOODYS CORP | 2.46% | 24,669,778 | $8,578,175,000 |
| HPQ | HP INC | 1.07% | 120,952,818 | $3,714,461,000 |
| DVA | DAVITA INC | 1.04% | 36,095,570 | $3,626,522,000 |
| VRSN | VERISIGN INC | 0.83% | 12,815,613 | $2,895,944,000 |
| C | CITIGROUP INC | 0.73% | 55,244,797 | $2,543,470,000 |
| KR | KROGER CO | 0.67% | 50,000,000 | $2,350,000,000 |
| V | VISA INC | 0.57% | 8,297,460 | $1,970,481,000 |
| MA | MASTERCARD INC | 0.45% | 3,986,648 | $1,567,949,000 |
| AON | AON PLC | 0.43% | 4,335,000 | $1,496,442,000 |
| — | PARAMOUNT GLOBAL | 0.43% | 93,730,975 | $1,491,260,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.41% | 43,208,291 | $1,414,207,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.40% | 3,828,941 | $1,406,638,000 |
| AMZN | AMAZON COM INC | 0.40% | 10,551,000 | $1,375,428,000 |
| COF | CAPITAL ONE FINL CORP | 0.39% | 12,471,030 | $1,363,957,000 |
| — | ACTIVISION BLIZZARD INC | 0.35% | 14,658,121 | $1,235,680,000 |
| SNOW | SNOWFLAKE INC | 0.31% | 6,125,376 | $1,077,944,000 |
| GM | GENERAL MTRS CO | 0.24% | 22,000,000 | $848,320,000 |
| NU | NU HLDGS LTD | 0.24% | 107,118,784 | $845,167,000 |
| ALLY | ALLY FINL INC | 0.22% | 29,000,000 | $783,290,000 |
| TMUS | T-MOBILE US INC | 0.21% | 5,242,000 | $728,114,000 |
| DHI | D R HORTON INC | 0.21% | 5,969,714 | $726,454,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.19% | 20,207,680 | $663,014,000 |
| MKL | MARKEL CORP | 0.19% | 471,661 | $652,392,000 |
| CE | CELANESE CORP DEL | 0.18% | 5,358,535 | $620,518,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.17% | 7,722,451 | $581,346,000 |
| LPX | LOUISIANA PAC CORP | 0.15% | 7,044,909 | $528,227,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.14% | 4,780,000 | $496,929,000 |
| GL | GLOBE LIFE INC | 0.08% | 2,515,574 | $275,757,000 |
| STNE | STONECO LTD | 0.04% | 10,695,448 | $136,260,000 |
| NVR | NVR INC | 0.02% | 11,112 | $70,568,000 |
| JNJ | JOHNSON & JOHNSON | 0.02% | 327,100 | $54,142,000 |
| PG | PROCTER & GAMBLE CO | 0.01% | 315,400 | $47,859,000 |
| MDLZ | MONDELEZ INTL INC | 0.01% | 578,000 | $42,159,000 |
| DEO | DIAGEO P L C | 0.01% | 227,750 | $39,510,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $23,019,000 |
| VOO | VANGUARD INDEX FDS | 0.01% | 43,000 | $17,513,000 |
| SPY | SPDR S&P 500 ETF TR | 0.01% | 39,400 | $17,465,000 |
| LEN/B | LENNAR CORP | 0.00% | 152,572 | $17,238,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.00% | 433,558 | $14,381,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $11,068,000 |
| UPS | UNITED PARCEL SERVICE INC | 0.00% | 59,400 | $10,647,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 46.44% | 915,560,382 | $150,975,907,000 |
| BAC | BANK AMER CORP | 9.09% | 1,032,852,006 | $29,539,567,000 |
| AXP | AMERICAN EXPRESS CO | 7.69% | 151,610,700 | $25,008,185,000 |
| KO | COCA COLA CO | 7.63% | 400,000,000 | $24,812,000,000 |
| CVX | CHEVRON CORP NEW | 6.65% | 132,407,595 | $21,603,623,000 |
| OXY | OCCIDENTAL PETE CORP | 4.07% | 211,707,119 | $13,216,875,000 |
| KHC | KRAFT HEINZ CO | 3.87% | 325,634,818 | $12,592,298,000 |
| MCO | MOODYS CORP | 2.32% | 24,669,778 | $7,549,445,000 |
| — | ACTIVISION BLIZZARD INC | 1.30% | 49,439,781 | $4,231,551,000 |
| HPQ | HP INC | 1.09% | 120,952,818 | $3,549,965,000 |
| DVA | DAVITA INC | 0.90% | 36,095,570 | $2,927,712,000 |
| VRSN | VERISIGN INC | 0.83% | 12,815,613 | $2,708,323,000 |
| C | CITIGROUP INC | 0.80% | 55,244,797 | $2,590,429,000 |
| KR | KROGER CO | 0.76% | 50,000,000 | $2,468,500,000 |
| — | PARAMOUNT GLOBAL | 0.64% | 93,730,975 | $2,091,138,000 |
| V | VISA INC | 0.58% | 8,297,460 | $1,870,745,000 |
| GM | GENERAL MTRS CO | 0.45% | 40,000,000 | $1,467,200,000 |
| MA | MASTERCARD INC | 0.45% | 3,986,648 | $1,448,788,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.42% | 3,828,941 | $1,369,268,000 |
| AON | AON PLC | 0.42% | 4,335,000 | $1,366,782,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.37% | 43,208,291 | $1,209,400,000 |
| AMZN | AMAZON COM INC | 0.34% | 10,551,000 | $1,089,813,000 |
| CE | CELANESE CORP DEL | 0.30% | 8,819,016 | $960,303,000 |
| COF | CAPITAL ONE FINL CORP | 0.29% | 9,922,000 | $954,100,000 |
| SNOW | SNOWFLAKE INC | 0.29% | 6,125,376 | $945,084,000 |
| MCK | MCKESSON CORP | 0.25% | 2,289,864 | $815,306,000 |
| TMUS | T-MOBILE US INC | 0.23% | 5,242,000 | $759,251,000 |
| ALLY | ALLY FINL INC | 0.23% | 29,000,000 | $739,210,000 |
| GL | GLOBE LIFE INC | 0.22% | 6,353,727 | $699,037,000 |
| MKL | MARKEL CORP | 0.19% | 471,661 | $602,504,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.18% | 7,722,451 | $577,871,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.17% | 20,207,680 | $567,634,000 |
| NU | NU HLDGS LTD | 0.16% | 107,118,784 | $509,885,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.14% | 4,780,000 | $469,492,000 |
| LPX | LOUISIANA PAC CORP | 0.12% | 7,044,909 | $381,905,000 |
| STNE | STONECO LTD | 0.03% | 10,695,448 | $102,035,000 |
| MRSH | MARSH & MCLENNAN COS INC | 0.02% | 404,911 | $67,438,000 |
| JNJ | JOHNSON & JOHNSON | 0.02% | 327,100 | $50,701,000 |
| PG | PROCTER & GAMBLE CO | 0.01% | 315,400 | $46,897,000 |
| DEO | DIAGEO P L C | 0.01% | 227,750 | $41,264,000 |
| MDLZ | MONDELEZ INTL INC | 0.01% | 578,000 | $40,298,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $21,862,000 |
| VOO | VANGUARD INDEX FDS | 0.00% | 43,000 | $16,171,000 |
| SPY | SPDR S&P 500 ETF TR | 0.00% | 39,400 | $16,130,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.00% | 433,558 | $13,761,000 |
| UPS | UNITED PARCEL SERVICE INC | 0.00% | 59,400 | $11,523,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $10,606,000 |
| VTS | VITESSE ENERGY INC | 0.00% | 51,026 | $971,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 38.90% | 895,136,175 | $116,305,043,000 |
| BAC | BANK AMER CORP | 11.19% | 1,010,100,606 | $33,454,532,000 |
| CVX | CHEVRON CORP NEW | 9.78% | 162,975,771 | $29,252,521,000 |
| KO | COCA COLA CO | 8.51% | 400,000,000 | $25,444,000,000 |
| AXP | AMERICAN EXPRESS CO | 7.49% | 151,610,700 | $22,400,481,000 |
| KHC | KRAFT HEINZ CO | 4.43% | 325,634,818 | $13,256,593,000 |
| OXY | OCCIDENTAL PETE CORP | 4.09% | 194,351,650 | $12,242,210,000 |
| MCO | MOODYS CORP | 2.30% | 24,669,778 | $6,873,494,000 |
| — | ACTIVISION BLIZZARD INC | 1.35% | 52,717,075 | $4,035,492,000 |
| HPQ | HP INC | 0.94% | 104,476,035 | $2,807,271,000 |
| DVA | DAVITA INC | 0.90% | 36,095,570 | $2,695,256,000 |
| VRSN | VERISIGN INC | 0.88% | 12,815,613 | $2,632,840,000 |
| C | CITIGROUP INC | 0.83% | 55,155,797 | $2,494,697,000 |
| KR | KROGER CO | 0.75% | 50,000,000 | $2,229,000,000 |
| V | VISA INC | 0.58% | 8,297,460 | $1,723,880,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.57% | 43,208,291 | $1,690,740,000 |
| GM | GENERAL MTRS CO | 0.56% | 50,000,000 | $1,682,000,000 |
| — | PARAMOUNT GLOBAL | 0.53% | 93,637,189 | $1,580,596,000 |
| MA | MASTERCARD INC | 0.46% | 3,986,648 | $1,386,277,000 |
| AON | AON PLC | 0.44% | 4,396,000 | $1,319,415,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.43% | 3,828,941 | $1,298,394,000 |
| BNY | BANK OF NEW YORK MELLON CORP | 0.38% | 25,069,867 | $1,141,180,000 |
| MCK | MCKESSON CORP | 0.36% | 2,855,514 | $1,071,160,000 |
| CE | CELANESE CORP DEL | 0.33% | 9,710,183 | $992,769,000 |
| AMZN | AMAZON COM INC | 0.30% | 10,666,000 | $895,944,000 |
| SNOW | SNOWFLAKE INC | 0.29% | 6,125,376 | $879,236,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.27% | 20,207,680 | $794,364,000 |
| GL | GLOBE LIFE INC | 0.26% | 6,353,727 | $765,942,000 |
| TMUS | T-MOBILE US INC | 0.25% | 5,242,000 | $733,880,000 |
| ALLY | ALLY FINL INC | 0.24% | 29,800,000 | $728,610,000 |
| RH | RH | 0.21% | 2,360,000 | $630,568,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.21% | 8,292,724 | $617,725,000 |
| MKL | MARKEL CORP | 0.21% | 467,611 | $616,073,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.15% | 7,722,451 | $461,648,000 |
| NU | NU HLDGS LTD | 0.15% | 107,118,784 | $435,973,000 |
| LPX | LOUISIANA PAC CORP | 0.14% | 7,044,909 | $417,059,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.11% | 4,780,000 | $332,831,000 |
| USB | US BANCORP DEL | 0.10% | 6,670,835 | $290,915,000 |
| STNE | STONECO LTD | 0.03% | 10,695,448 | $100,965,000 |
| MRSH | MARSH & MCLENNAN COS INC | 0.02% | 404,911 | $67,005,000 |
| JNJ | JOHNSON & JOHNSON | 0.02% | 327,100 | $57,782,000 |
| PG | PROCTER & GAMBLE CO | 0.02% | 315,400 | $47,802,000 |
| MDLZ | MONDELEZ INTL INC | 0.01% | 578,000 | $38,524,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $19,810,000 |
| VOO | VANGUARD INDEX FDS | 0.01% | 43,000 | $15,108,000 |
| SPY | SPDR S&P 500 ETF TR | 0.01% | 39,400 | $15,068,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.00% | 433,558 | $14,862,000 |
| UPS | UNITED PARCEL SERVICE INC | 0.00% | 59,400 | $10,326,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $9,759,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 41.76% | 894,802,319 | $123,661,679,000 |
| BAC | BANK AMER CORP | 10.30% | 1,010,100,606 | $30,505,039,000 |
| CVX | CHEVRON CORP NEW | 8.02% | 165,359,318 | $23,757,173,000 |
| KO | COCA COLA CO | 7.57% | 400,000,000 | $22,407,999,000 |
| AXP | AMERICAN EXPRESS CO | 6.91% | 151,610,700 | $20,453,800,000 |
| OXY | OCCIDENTAL PETE CORP | 4.03% | 194,351,650 | $11,942,909,000 |
| KHC | KRAFT HEINZ CO | 3.67% | 325,634,818 | $10,859,921,000 |
| MCO | MOODYS CORP | 2.03% | 24,669,778 | $5,997,470,000 |
| — | ACTIVISION BLIZZARD INC | 1.51% | 60,141,866 | $4,470,946,000 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 1.39% | 60,060,880 | $4,117,774,000 |
| USB | US BANCORP DEL | 1.06% | 77,788,214 | $3,136,420,000 |
| DVA | DAVITA INC | 1.01% | 36,095,570 | $2,987,630,000 |
| HPQ | HP INC | 0.88% | 104,476,035 | $2,603,542,000 |
| BNY | BANK OF NEW YORK MELLON CORP | 0.81% | 62,210,878 | $2,396,364,000 |
| C | CITIGROUP INC | 0.78% | 55,155,797 | $2,298,341,000 |
| VRSN | VERISIGN INC | 0.75% | 12,815,613 | $2,226,072,000 |
| KR | KROGER CO | 0.74% | 50,268,823 | $2,199,260,000 |
| — | PARAMOUNT GLOBAL | 0.59% | 91,216,510 | $1,736,763,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.55% | 43,208,291 | $1,629,386,000 |
| GM | GENERAL MTRS CO | 0.54% | 50,000,000 | $1,604,500,000 |
| V | VISA INC | 0.50% | 8,297,460 | $1,474,044,000 |
| AMZN | AMAZON COM INC | 0.41% | 10,666,000 | $1,205,258,000 |
| AON | AON PLC | 0.40% | 4,396,000 | $1,177,556,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.39% | 3,828,941 | $1,161,509,000 |
| MA | MASTERCARD INC | 0.38% | 3,986,648 | $1,133,563,000 |
| MCK | MCKESSON CORP | 0.37% | 3,198,344 | $1,087,021,000 |
| SNOW | SNOWFLAKE INC | 0.35% | 6,125,376 | $1,041,069,000 |
| CE | CELANESE CORP DEL | 0.30% | 9,710,183 | $877,219,000 |
| ALLY | ALLY FINL INC | 0.28% | 30,000,000 | $834,901,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.26% | 20,207,680 | $769,307,000 |
| TMUS | T-MOBILE US INC | 0.24% | 5,242,000 | $703,319,000 |
| GL | GLOBE LIFE INC | 0.21% | 6,353,727 | $633,467,000 |
| RH | RH | 0.20% | 2,360,000 | $580,724,000 |
| MKL | MARKEL CORP | 0.17% | 467,611 | $506,993,000 |
| — | NU HLDGS LTD | 0.16% | 107,118,784 | $471,323,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.15% | 7,722,451 | $451,764,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.11% | 4,780,000 | $335,843,000 |
| LPX | LOUISIANA PAC CORP | 0.10% | 5,795,906 | $296,692,000 |
| STNE | STONECO LTD | 0.03% | 10,695,448 | $101,928,000 |
| MRSH | MARSH & MCLENNAN COS INC | 0.02% | 404,911 | $60,449,000 |
| JNJ | JOHNSON & JOHNSON | 0.02% | 327,100 | $53,435,000 |
| PG | PROCTER & GAMBLE CO | 0.01% | 315,400 | $39,819,000 |
| MDLZ | MONDELEZ INTL INC | 0.01% | 578,000 | $31,692,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $16,285,000 |
| VOO | VANGUARD INDEX FDS | 0.00% | 43,000 | $14,117,000 |
| SPY | SPDR S&P 500 ETF TR | 0.00% | 39,400 | $14,073,000 |
| JEF | JEFFERIES FINL GROUP INC | 0.00% | 433,558 | $12,790,000 |
| UPS | UNITED PARCEL SERVICE INC | 0.00% | 59,400 | $9,595,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $7,897,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 40.76% | 894,802,319 | $122,337,373,000 |
| BAC | BANK AMER CORP | 10.48% | 1,010,100,606 | $31,444,432,000 |
| KO | COCA COLA CO | 8.38% | 400,000,000 | $25,164,000,000 |
| CVX | CHEVRON CORP NEW | 7.79% | 161,440,149 | $23,373,304,000 |
| AXP | AMERICAN EXPRESS CO | 7.00% | 151,610,700 | $21,016,276,000 |
| KHC | KRAFT HEINZ CO | 4.14% | 325,634,818 | $12,419,712,000 |
| OXY | OCCIDENTAL PETE CORP | 3.11% | 158,549,729 | $9,335,408,000 |
| MCO | MOODYS CORP | 2.24% | 24,669,778 | $6,709,439,000 |
| USB | US BANCORP DEL | 1.84% | 119,805,135 | $5,513,432,000 |
| — | ACTIVISION BLIZZARD INC | 1.77% | 68,401,150 | $5,325,713,000 |
| HPQ | HP INC | 1.14% | 104,476,035 | $3,424,725,000 |
| BNY | BANK OF NEW YORK MELLON CORP | 1.01% | 72,357,453 | $3,018,027,000 |
| DVA | DAVITA INC | 0.96% | 36,095,570 | $2,886,202,000 |
| C | CITIGROUP INC | 0.85% | 55,155,797 | $2,536,616,000 |
| KR | KROGER CO | 0.83% | 52,437,295 | $2,481,858,000 |
| VRSN | VERISIGN INC | 0.71% | 12,815,613 | $2,144,436,000 |
| — | PARAMOUNT GLOBAL | 0.64% | 78,421,645 | $1,935,448,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.60% | 3,828,941 | $1,793,974,000 |
| GM | GENERAL MTRS CO | 0.56% | 52,877,359 | $1,679,385,000 |
| V | VISA INC | 0.54% | 8,297,460 | $1,633,687,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.52% | 43,208,291 | $1,557,660,000 |
| MA | MASTERCARD INC | 0.42% | 3,986,648 | $1,257,708,000 |
| AON | AON PLC | 0.39% | 4,396,000 | $1,185,514,000 |
| AMZN | AMAZON COM INC | 0.38% | 10,666,000 | $1,132,836,000 |
| CE | CELANESE CORP DEL | 0.36% | 9,156,714 | $1,076,922,000 |
| MCK | MCKESSON CORP | 0.35% | 3,198,344 | $1,043,331,000 |
| ALLY | ALLY FINL INC | 0.33% | 30,000,000 | $1,005,300,000 |
| SNOW | SNOWFLAKE INC | 0.28% | 6,125,376 | $851,795,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.24% | 20,207,680 | $728,285,000 |
| TMUS | T-MOBILE US INC | 0.23% | 5,242,000 | $705,259,000 |
| GL | GLOBE LIFE INC | 0.21% | 6,353,727 | $619,297,000 |
| MKL | MARKEL CORP | 0.20% | 467,611 | $604,738,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.16% | 7,722,451 | $490,143,000 |
| RH | RH | 0.15% | 2,170,000 | $460,605,000 |
| — | NU HLDGS LTD | 0.13% | 107,118,784 | $400,624,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.10% | 4,780,000 | $300,949,000 |
| — | STORE CAP CORP | 0.06% | 6,928,413 | $180,693,000 |
| STNE | STONECO LTD | 0.03% | 10,695,448 | $82,355,000 |
| MRSH | MARSH & MCLENNAN COS INC | 0.02% | 404,911 | $62,862,000 |
| JNJ | JOHNSON & JOHNSON | 0.02% | 327,100 | $58,064,000 |
| PG | PROCTER & GAMBLE CO | 0.02% | 315,400 | $45,351,000 |
| MDLZ | MONDELEZ INTL INC | 0.01% | 578,000 | $35,888,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $20,520,000 |
| VOO | VANGUARD INDEX FDS | 0.00% | 43,000 | $14,916,000 |
| SPY | SPDR S&P 500 ETF TR | 0.00% | 39,400 | $14,864,000 |
| UPS | UNITED PARCEL SERVICE INC | 0.00% | 59,400 | $10,843,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $10,003,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 42.79% | 890,923,410 | $155,564,138,000 |
| BAC | BANK AMER CORP | 11.45% | 1,010,100,606 | $41,636,348,000 |
| AXP | AMERICAN EXPRESS CO | 7.80% | 151,610,700 | $28,351,201,000 |
| CVX | CHEVRON CORP NEW | 7.13% | 159,178,117 | $25,918,973,000 |
| KO | COCA COLA CO | 6.82% | 400,000,000 | $24,799,999,000 |
| KHC | KRAFT HEINZ CO | 3.53% | 325,634,818 | $12,826,755,000 |
| MCO | MOODYS CORP | 2.29% | 24,669,778 | $8,323,829,000 |
| OXY | OCCIDENTAL PETE CORP | 2.13% | 136,373,000 | $7,737,804,000 |
| USB | US BANCORP DEL | 1.85% | 126,417,887 | $6,719,111,000 |
| — | ACTIVISION BLIZZARD INC | 1.42% | 64,315,222 | $5,152,292,000 |
| DVA | DAVITA INC | 1.12% | 36,095,570 | $4,082,770,000 |
| HPQ | HP INC | 1.04% | 104,476,035 | $3,792,480,000 |
| BNY | BANK OF NEW YORK MELLON CORP | 0.99% | 72,357,453 | $3,591,100,000 |
| KR | KROGER CO | 0.92% | 57,985,263 | $3,326,615,000 |
| C | CITIGROUP INC | 0.81% | 55,155,797 | $2,945,319,000 |
| VRSN | VERISIGN INC | 0.78% | 12,815,613 | $2,850,961,000 |
| GM | GENERAL MTRS CO | 0.75% | 62,045,847 | $2,713,886,000 |
| — | PARAMOUNT GLOBAL | 0.72% | 68,947,760 | $2,606,915,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.57% | 3,828,941 | $2,088,764,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.54% | 43,208,291 | $1,975,915,000 |
| V | VISA INC | 0.51% | 8,297,460 | $1,840,128,000 |
| AMZN | AMAZON COM INC | 0.48% | 533,300 | $1,738,531,000 |
| AON | AON PLC | 0.39% | 4,396,000 | $1,431,470,000 |
| MA | MASTERCARD INC | 0.39% | 3,986,648 | $1,424,748,000 |
| SNOW | SNOWFLAKE INC | 0.39% | 6,125,376 | $1,403,507,000 |
| CE | CELANESE CORP DEL | 0.31% | 7,880,998 | $1,125,958,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.25% | 20,207,680 | $923,692,000 |
| MCK | MCKESSON CORP | 0.25% | 2,921,975 | $894,504,000 |
| — | NU HLDGS LTD | 0.23% | 107,118,784 | $826,957,000 |
| RH | RH | 0.19% | 2,170,000 | $707,615,000 |
| TMUS | T-MOBILE US INC | 0.19% | 5,242,000 | $672,811,000 |
| GL | GLOBE LIFE INC | 0.18% | 6,353,727 | $639,185,000 |
| MKL | MARKEL CORP | 0.17% | 420,293 | $620,034,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.15% | 7,722,451 | $539,336,000 |
| — | STORE CAP CORP | 0.12% | 14,754,811 | $431,283,000 |
| ALLY | ALLY FINL INC | 0.11% | 8,969,420 | $389,990,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.11% | 4,780,000 | $387,180,000 |
| STNE | STONECO LTD | 0.03% | 10,695,448 | $125,137,000 |
| VZ | VERIZON COMMUNICATIONS INC | 0.02% | 1,380,111 | $70,303,000 |
| MRSH | MARSH & MCLENNAN COS INC | 0.02% | 404,911 | $69,005,000 |
| RPRX | ROYALTY PHARMA PLC | 0.02% | 1,496,372 | $58,299,000 |
| JNJ | JOHNSON & JOHNSON | 0.02% | 327,100 | $57,972,000 |
| PG | PROCTER & GAMBLE CO | 0.01% | 315,400 | $48,193,000 |
| MDLZ | MONDELEZ INTL INC | 0.01% | 578,000 | $36,287,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $25,518,000 |
| VOO | VANGUARD INDEX FDS | 0.00% | 43,000 | $17,852,000 |
| SPY | SPDR S&P 500 ETF TR | 0.00% | 39,400 | $17,795,000 |
| UPS | UNITED PARCEL SERVICE INC | 0.00% | 59,400 | $12,739,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $12,314,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 47.60% | 887,135,554 | $157,528,660,000 |
| BAC | BANK AMER CORP | 13.58% | 1,010,100,606 | $44,939,376,000 |
| AXP | AMERICAN EXPRESS CO | 7.49% | 151,610,700 | $24,803,511,000 |
| KO | COCA COLA CO | 7.16% | 400,000,000 | $23,684,001,000 |
| KHC | KRAFT HEINZ CO | 3.53% | 325,634,818 | $11,690,290,000 |
| MCO | MOODYS CORP | 2.91% | 24,669,778 | $9,635,522,000 |
| VZ | VERIZON COMMUNICATIONS INC | 2.49% | 158,824,575 | $8,252,525,000 |
| USB | US BANCORP DEL | 2.15% | 126,417,887 | $7,100,894,000 |
| CVX | CHEVRON CORP NEW | 1.36% | 38,245,036 | $4,488,055,000 |
| BNY | BANK OF NEW YORK MELLON CORP | 1.27% | 72,357,453 | $4,202,522,000 |
| DVA | DAVITA INC | 1.24% | 36,095,570 | $4,106,232,000 |
| GM | GENERAL MTRS CO | 1.06% | 60,000,000 | $3,517,800,000 |
| VRSN | VERISIGN INC | 0.98% | 12,815,613 | $3,252,859,000 |
| KR | KROGER CO | 0.84% | 61,412,910 | $2,779,549,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 0.75% | 3,828,941 | $2,496,355,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.66% | 43,208,291 | $2,197,142,000 |
| SNOW | SNOWFLAKE INC | 0.63% | 6,125,376 | $2,074,971,000 |
| V | VISA INC | 0.54% | 8,297,460 | $1,798,143,000 |
| AMZN | AMAZON COM INC | 0.54% | 533,300 | $1,778,204,000 |
| MA | MASTERCARD INC | 0.43% | 3,986,648 | $1,432,482,000 |
| AON | AON PLC | 0.40% | 4,396,000 | $1,321,261,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.31% | 20,207,680 | $1,027,561,000 |
| — | NU HLDGS LTD | 0.30% | 107,118,784 | $1,004,774,000 |
| — | ACTIVISION BLIZZARD INC | 0.29% | 14,658,121 | $975,205,000 |
| RH | RH | 0.29% | 1,816,547 | $973,561,000 |
| — | STORE CAP CORP | 0.25% | 24,415,168 | $839,882,000 |
| TMUS | T-MOBILE US INC | 0.18% | 5,242,000 | $607,968,000 |
| GL | GLOBE LIFE INC | 0.18% | 6,353,727 | $595,471,000 |
| ABBV | ABBVIE INC | 0.12% | 3,033,561 | $410,744,000 |
| RPRX | ROYALTY PHARMA PLC | 0.10% | 8,648,268 | $344,633,000 |
| BMY | BRISTOL-MYERS SQUIBB CO | 0.10% | 5,202,674 | $324,387,000 |
| STNE | STONECO LTD | 0.05% | 10,695,448 | $180,325,000 |
| FWONKUSD | LIBERTY MEDIA CORP DEL | 0.04% | 2,118,746 | $133,989,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.03% | 843,709 | $109,691,000 |
| MRSH | MARSH & MCLENNAN COS INC | 0.02% | 404,911 | $70,382,000 |
| JNJ | JOHNSON & JOHNSON | 0.02% | 327,100 | $55,957,000 |
| PG | PROCTER & GAMBLE CO | 0.02% | 315,400 | $51,593,000 |
| MDLZ | MONDELEZ INTL INC | 0.01% | 578,000 | $38,327,000 |
| WFC | WELLS FARGO & CO NEW | 0.01% | 675,054 | $32,389,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $30,675,000 |
| VOO | VANGUARD INDEX FDS | 0.01% | 43,000 | $18,773,000 |
| SPY | SPDR S&P 500 ETF TR | 0.01% | 39,400 | $18,713,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.00% | 1,284,020 | $14,638,000 |
| UPS | UNITED PARCEL SERVICE INC | 0.00% | 59,400 | $12,732,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 42.78% | 887,135,554 | $125,529,681,000 |
| BAC | BANK AMER CORP | 14.61% | 1,010,100,606 | $42,878,771,000 |
| AXP | AMERICAN EXPRESS CO | 8.66% | 151,610,700 | $25,399,340,000 |
| KO | COCA COLA CO | 7.15% | 400,000,000 | $20,988,000,000 |
| KHC | KRAFT HEINZ CO | 4.09% | 325,634,818 | $11,989,874,000 |
| MCO | MOODYS CORP | 2.99% | 24,669,778 | $8,760,485,000 |
| VZ | VERIZON COMMUNICATIONS INC | 2.92% | 158,824,575 | $8,578,115,000 |
| USB | US BANCORP DEL | 2.56% | 126,417,887 | $7,514,279,000 |
| DVA | DAVITA INC | 1.43% | 36,095,570 | $4,196,471,000 |
| BNY | BANK OF NEW YORK MELLON CORP | 1.28% | 72,357,453 | $3,751,012,000 |
| GM | GENERAL MTRS CO | 1.08% | 60,000,000 | $3,162,600,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 1.04% | 4,200,626 | $3,056,207,000 |
| CVX | CHEVRON CORP NEW | 0.99% | 28,703,519 | $2,911,972,000 |
| VRSN | VERISIGN INC | 0.90% | 12,815,613 | $2,627,329,000 |
| KR | KROGER CO | 0.85% | 61,787,910 | $2,498,086,000 |
| V | VISA INC | 0.73% | 9,562,460 | $2,130,038,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.70% | 43,208,291 | $2,051,097,000 |
| SNOW | SNOWFLAKE INC | 0.63% | 6,125,376 | $1,852,497,000 |
| AMZN | AMAZON COM INC | 0.60% | 533,300 | $1,751,912,000 |
| ABBV | ABBVIE INC | 0.53% | 14,398,488 | $1,553,165,000 |
| MA | MASTERCARD INC | 0.51% | 4,288,648 | $1,491,077,000 |
| BMY | BRISTOL-MYERS SQUIBB CO | 0.44% | 22,046,936 | $1,304,517,000 |
| AON | AON PLC | 0.43% | 4,396,000 | $1,256,244,000 |
| RH | RH | 0.41% | 1,791,967 | $1,195,081,000 |
| — | STORE CAP CORP | 0.27% | 24,415,168 | $782,018,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.24% | 14,860,360 | $700,963,000 |
| TMUS | T-MOBILE US INC | 0.23% | 5,242,000 | $669,718,000 |
| GL | GLOBE LIFE INC | 0.19% | 6,353,727 | $565,672,000 |
| RPRX | ROYALTY PHARMA PLC | 0.16% | 13,145,902 | $475,093,000 |
| TEVA | TEVA PHARMACEUTICAL INDS LTD | 0.14% | 42,789,295 | $416,768,000 |
| MRSH | MARSH & MCLENNAN COS INC | 0.14% | 2,741,755 | $415,184,000 |
| STNE | STONECO LTD | 0.13% | 10,695,448 | $371,346,000 |
| — | SIRIUS XM HLDGS INC | 0.09% | 43,658,800 | $266,319,000 |
| FND | FLOOR & DECOR HLDGS INC | 0.03% | 816,863 | $98,669,000 |
| JNJ | JOHNSON & JOHNSON | 0.02% | 327,100 | $52,827,000 |
| PG | PROCTER & GAMBLE CO | 0.02% | 315,400 | $44,093,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $34,410,000 |
| MDLZ | MONDELEZ INTL INC | 0.01% | 578,000 | $33,628,000 |
| WFC | WELLS FARGO & CO NEW | 0.01% | 675,054 | $31,329,000 |
| VOO | VANGUARD INDEX FDS | 0.01% | 43,000 | $16,959,000 |
| SPY | SPDR S&P 500 ETF TR | 0.01% | 39,400 | $16,908,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.01% | 1,284,020 | $16,846,000 |
| UPS | UNITED PARCEL SERVICE INC | 0.00% | 59,400 | $10,817,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 41.46% | 887,135,554 | $121,502,087,000 |
| BAC | BANK AMER CORP | 14.21% | 1,010,100,606 | $41,646,448,000 |
| AXP | AMERICAN EXPRESS CO | 8.55% | 151,610,700 | $25,050,635,000 |
| KO | COCA COLA CO | 7.39% | 400,000,000 | $21,644,001,000 |
| KHC | KRAFT HEINZ CO | 4.53% | 325,634,818 | $13,279,388,000 |
| MCO | MOODYS CORP | 3.05% | 24,669,778 | $8,939,587,000 |
| VZ | VERIZON COMMUNICATIONS INC | 3.04% | 158,824,575 | $8,898,941,000 |
| USB | US BANCORP DEL | 2.51% | 128,888,906 | $7,342,802,000 |
| DVA | DAVITA INC | 1.48% | 36,095,570 | $4,346,990,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 1.28% | 5,213,461 | $3,761,251,000 |
| BNY | BANK OF NEW YORK MELLON CORP | 1.27% | 72,357,453 | $3,706,871,000 |
| GM | GENERAL MTRS CO | 1.21% | 60,000,000 | $3,550,200,000 |
| VRSN | VERISIGN INC | 1.00% | 12,815,613 | $2,917,987,000 |
| CVX | CHEVRON CORP NEW | 0.83% | 23,123,920 | $2,421,999,000 |
| KR | KROGER CO | 0.81% | 61,787,910 | $2,367,094,000 |
| V | VISA INC | 0.80% | 9,987,460 | $2,335,268,000 |
| ABBV | ABBVIE INC | 0.79% | 20,527,861 | $2,312,258,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.68% | 43,208,291 | $2,004,432,000 |
| AMZN | AMAZON COM INC | 0.63% | 533,300 | $1,834,637,000 |
| BMY | BRISTOL-MYERS SQUIBB CO | 0.60% | 26,294,266 | $1,756,983,000 |
| MA | MASTERCARD INC | 0.57% | 4,564,756 | $1,666,547,000 |
| SNOW | SNOWFLAKE INC | 0.51% | 6,125,376 | $1,481,116,000 |
| RH | RH | 0.42% | 1,791,967 | $1,216,746,000 |
| AON | AON PLC | 0.36% | 4,396,000 | $1,049,589,000 |
| — | STORE CAP CORP | 0.29% | 24,415,168 | $842,568,000 |
| TMUS | T-MOBILE US INC | 0.26% | 5,242,000 | $759,199,000 |
| STNE | STONECO LTD | 0.24% | 10,695,448 | $717,237,000 |
| MRK | MERCK & CO. INC | 0.24% | 9,157,192 | $712,155,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.24% | 14,860,360 | $692,195,000 |
| GL | GLOBE LIFE INC | 0.21% | 6,353,727 | $605,193,000 |
| MRSH | MARSH & MCLENNAN COS INC | 0.20% | 4,196,692 | $590,391,000 |
| TEVA | TEVA PHARMACEUTICAL INDS LTD | 0.14% | 42,789,295 | $423,615,000 |
| — | SIRIUS XM HLDGS INC | 0.10% | 43,658,800 | $285,529,000 |
| JNJ | JOHNSON & JOHNSON | 0.02% | 327,100 | $53,886,000 |
| — | LIBERTY GLOBAL PLC | 0.02% | 1,876,522 | $50,741,000 |
| OGN | ORGANON & CO | 0.02% | 1,550,481 | $46,918,000 |
| PG | PROCTER & GAMBLE CO | 0.01% | 315,400 | $42,557,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $36,463,000 |
| MDLZ | MONDELEZ INTL INC | 0.01% | 578,000 | $36,090,000 |
| WFC | WELLS FARGO & CO NEW | 0.01% | 675,054 | $30,573,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.01% | 1,284,020 | $18,105,000 |
| VOO | VANGUARD INDEX FDS | 0.01% | 43,000 | $16,921,000 |
| SPY | SPDR S&P 500 ETF TR | 0.01% | 39,400 | $16,866,000 |
| UPS | UNITED PARCEL SERVICE INC | 0.00% | 59,400 | $12,353,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 40.07% | 887,135,554 | $108,363,609,000 |
| BAC | BANK AMER CORP | 14.45% | 1,010,100,606 | $39,080,793,000 |
| AXP | AMERICAN EXPRESS CO | 7.93% | 151,610,700 | $21,443,817,000 |
| KO | COCA COLA CO | 7.80% | 400,000,000 | $21,083,999,000 |
| KHC | KRAFT HEINZ CO | 4.82% | 325,634,818 | $13,025,393,000 |
| VZ | VERIZON COMMUNICATIONS INC | 3.42% | 158,824,575 | $9,235,649,000 |
| MCO | MOODYS CORP | 2.72% | 24,669,778 | $7,366,643,000 |
| USB | US BANCORP DEL | 2.65% | 129,687,084 | $7,172,993,000 |
| DVA | DAVITA INC | 1.44% | 36,095,570 | $3,890,020,000 |
| GM | GENERAL MTRS CO | 1.42% | 67,000,000 | $3,849,820,000 |
| BNY | BANK OF NEW YORK MELLON CORP | 1.27% | 72,357,453 | $3,421,785,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 1.19% | 5,213,461 | $3,216,810,000 |
| VRSN | VERISIGN INC | 0.94% | 12,815,613 | $2,547,231,000 |
| CVX | CHEVRON CORP NEW | 0.92% | 23,672,271 | $2,480,617,000 |
| ABBV | ABBVIE INC | 0.92% | 22,868,178 | $2,474,794,000 |
| V | VISA INC | 0.78% | 9,987,460 | $2,114,645,000 |
| BMY | BRISTOL-MYERS SQUIBB CO | 0.72% | 31,032,227 | $1,959,064,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.70% | 43,208,291 | $1,905,918,000 |
| KR | KROGER CO | 0.68% | 51,060,296 | $1,837,660,000 |
| AMZN | AMAZON COM INC | 0.61% | 533,300 | $1,650,073,000 |
| MA | MASTERCARD INC | 0.60% | 4,564,756 | $1,625,281,000 |
| SNOW | SNOWFLAKE INC | 0.52% | 6,125,376 | $1,404,426,000 |
| MRK | MERCK & CO. INC | 0.51% | 17,882,388 | $1,378,553,000 |
| RH | RH | 0.39% | 1,756,448 | $1,047,897,000 |
| AON | AON PLC | 0.35% | 4,096,146 | $942,564,000 |
| — | STORE CAP CORP | 0.30% | 24,415,168 | $817,909,000 |
| TMUS | T-MOBILE US INC | 0.24% | 5,242,000 | $656,770,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.24% | 14,860,360 | $655,045,000 |
| STNE | STONECO LTD | 0.24% | 10,695,448 | $654,775,000 |
| MRSH | MARSH & MCLENNAN COS INC | 0.24% | 5,287,526 | $644,021,000 |
| GL | GLOBE LIFE INC | 0.23% | 6,353,727 | $613,961,000 |
| TEVA | TEVA PHARMACEUTICAL INDS LTD | 0.18% | 42,789,295 | $493,789,000 |
| AXTA | AXALTA COATING SYS LTD | 0.15% | 13,887,037 | $410,779,000 |
| — | SIRIUS XM HLDGS INC | 0.10% | 43,658,800 | $265,882,000 |
| — | LIBERTY GLOBAL PLC | 0.07% | 7,346,968 | $187,642,000 |
| BIIB | BIOGEN INC | 0.07% | 643,022 | $179,885,000 |
| LBTYAUSD | LIBERTY GLOBAL PLC | 0.03% | 3,359,831 | $86,213,000 |
| JNJ | JOHNSON & JOHNSON | 0.02% | 327,100 | $53,759,000 |
| PG | PROCTER & GAMBLE CO | 0.02% | 315,400 | $42,715,000 |
| MDLZ | MONDELEZ INTL INC | 0.01% | 578,000 | $33,830,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $33,753,000 |
| WFC | WELLS FARGO & CO NEW | 0.01% | 675,054 | $26,374,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.01% | 1,284,020 | $16,667,000 |
| VOO | VANGUARD INDEX FDS | 0.01% | 43,000 | $15,665,000 |
| SPY | SPDR S&P 500 ETF TR | 0.01% | 39,400 | $15,615,000 |
| UPS | UNITED PARCEL SERVICE INC | 0.00% | 59,400 | $10,097,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 43.61% | 887,135,554 | $117,714,016,000 |
| BAC | BANK AMER CORP | 11.34% | 1,010,100,606 | $30,616,150,000 |
| KO | COCA COLA CO | 8.13% | 400,000,000 | $21,935,999,000 |
| AXP | AMERICAN EXPRESS CO | 6.79% | 151,610,700 | $18,331,249,000 |
| KHC | KRAFT HEINZ CO | 4.18% | 325,634,818 | $11,286,503,000 |
| VZ | VERIZON COMMUNICATIONS INC | 3.19% | 146,716,496 | $8,619,594,000 |
| MCO | MOODYS CORP | 2.65% | 24,669,778 | $7,160,156,000 |
| USB | US BANCORP DEL | 2.26% | 131,137,998 | $6,109,721,000 |
| DVA | DAVITA HEALTHCARE PARTNERS I | 1.57% | 36,095,570 | $4,237,620,000 |
| CVX | CHEVRON CORP NEW | 1.52% | 48,498,965 | $4,095,738,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 1.28% | 5,213,461 | $3,448,965,000 |
| BNY | BANK OF NEW YORK MELLON CORP | 1.14% | 72,357,453 | $3,070,849,000 |
| GM | GENERAL MTRS CO | 1.12% | 72,500,000 | $3,018,899,000 |
| VRSN | VERISIGN INC | 1.03% | 12,815,613 | $2,773,299,000 |
| ABBV | ABBVIE INC | 1.01% | 25,533,082 | $2,735,870,000 |
| MRK | MERCK & CO. INC | 0.87% | 28,697,435 | $2,347,450,000 |
| V | VISA INC | 0.81% | 9,987,460 | $2,184,557,000 |
| BMY | BRISTOL-MYERS SQUIBB CO | 0.77% | 33,336,016 | $2,067,833,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.70% | 43,208,291 | $1,879,993,000 |
| AMZN | AMAZON COM INC | 0.64% | 533,300 | $1,736,921,000 |
| SNOW | SNOWFLAKE INC | 0.64% | 6,125,376 | $1,723,681,000 |
| MA | MASTERCARD INC | 0.60% | 4,564,756 | $1,629,344,000 |
| WFC | WELLS FARGO & CO NEW | 0.59% | 52,423,867 | $1,582,152,000 |
| STNE | STONECO LTD | 0.44% | 14,166,748 | $1,188,873,000 |
| KR | KROGER CO | 0.39% | 33,534,017 | $1,065,040,000 |
| — | STORE CAP CORP | 0.31% | 24,415,168 | $829,627,000 |
| RH | RH | 0.29% | 1,732,548 | $775,350,000 |
| TMUS | T-MOBILE US INC | 0.26% | 5,242,000 | $706,884,000 |
| SYF | SYNCHRONY FINL | 0.26% | 20,128,000 | $698,642,000 |
| AXTA | AXALTA COATING SYS LTD | 0.25% | 23,420,000 | $668,641,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.24% | 14,860,360 | $641,819,000 |
| GL | GLOBE LIFE INC | 0.22% | 6,353,727 | $603,350,000 |
| MRSH | MARSH & MCLENNAN COS INC | 0.18% | 4,267,825 | $499,336,000 |
| LBTYAUSD | LIBERTY GLOBAL PLC | 0.16% | 18,010,000 | $436,202,000 |
| TEVA | TEVA PHARMACEUTICAL INDS LTD | 0.15% | 42,789,295 | $412,916,000 |
| — | SIRIUS XM HLDGS INC | 0.12% | 50,000,000 | $318,500,000 |
| SU | SUNCOR ENERGY INC NEW | 0.09% | 13,849,207 | $232,390,000 |
| — | LIBERTY GLOBAL PLC | 0.06% | 7,346,968 | $173,756,000 |
| BIIB | BIOGEN INC | 0.06% | 643,022 | $157,450,000 |
| JNJ | JOHNSON & JOHNSON | 0.02% | 327,100 | $51,479,000 |
| PG | PROCTER & GAMBLE CO | 0.02% | 315,400 | $43,885,000 |
| MDLZ | MONDELEZ INTL INC | 0.01% | 578,000 | $33,796,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $29,280,000 |
| VOO | VANGUARD INDEX FDS | 0.01% | 43,000 | $14,779,000 |
| SPY | SPDR S&P 500 ETF TR | 0.01% | 39,400 | $14,731,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.01% | 1,284,020 | $14,240,000 |
| UPS | UNITED PARCEL SERVICE INC | 0.00% | 59,400 | $10,003,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| AAPL | APPLE INC | 47.78% | 944,295,554 | $109,358,868,000 |
| BAC | BANK AMER CORP | 10.63% | 1,010,100,606 | $24,333,323,000 |
| KO | COCA COLA CO | 8.63% | 400,000,000 | $19,748,000,000 |
| AXP | AMERICAN EXPRESS CO | 6.64% | 151,610,700 | $15,198,971,000 |
| KHC | KRAFT HEINZ CO | 4.26% | 325,634,818 | $9,752,763,000 |
| MCO | MOODYS CORP | 3.12% | 24,669,778 | $7,150,535,000 |
| USB | US BANCORP DEL | 2.07% | 131,961,832 | $4,730,833,000 |
| CHTR | CHARTER COMMUNICATIONS INC N | 1.42% | 5,213,461 | $3,254,972,000 |
| DVA | DAVITA HEALTHCARE PARTNERS I | 1.35% | 36,095,570 | $3,091,586,000 |
| WFC | WELLS FARGO & CO NEW | 1.31% | 127,380,440 | $2,994,716,000 |
| VRSN | VERISIGN INC | 1.15% | 12,815,613 | $2,625,279,000 |
| BNY | BANK OF NEW YORK MELLON CORP | 1.09% | 72,357,453 | $2,484,755,000 |
| GM | GENERAL MTRS CO | 1.03% | 80,000,000 | $2,367,201,000 |
| V | VISA INC | 0.87% | 9,987,460 | $1,997,192,000 |
| ABBV | ABBVIE INC | 0.81% | 21,264,316 | $1,862,541,000 |
| MRK | MERCK & CO. INC | 0.81% | 22,403,102 | $1,858,337,000 |
| BMY | BRISTOL-MYERS SQUIBB CO | 0.79% | 29,971,194 | $1,806,963,000 |
| AMZN | AMAZON COM INC | 0.73% | 533,300 | $1,679,217,000 |
| MA | MASTERCARD INC | 0.67% | 4,564,756 | $1,543,664,000 |
| SNOW | SNOWFLAKE INC | 0.67% | 6,125,376 | $1,537,469,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.62% | 43,208,291 | $1,429,330,000 |
| KR | KROGER CO | 0.37% | 24,978,439 | $847,019,000 |
| STNE | STONECO LTD | 0.33% | 14,166,748 | $749,279,000 |
| — | STORE CAP CORP | 0.29% | 24,415,168 | $669,708,000 |
| RH | RH | 0.29% | 1,708,348 | $653,648,000 |
| SYF | SYNCHRONY FINL | 0.23% | 20,128,000 | $526,750,000 |
| AXTA | AXALTA COATING SYS LTD | 0.23% | 23,420,000 | $519,222,000 |
| GL | GLOBE LIFE INC | 0.22% | 6,353,727 | $507,663,000 |
| — | LIBERTY MEDIA CORP DELAWARE | 0.22% | 14,860,360 | $492,918,000 |
| TEVA | TEVA PHARMACEUTICAL INDS LTD | 0.17% | 42,789,295 | $385,531,000 |
| LBTYAUSD | LIBERTY GLOBAL PLC | 0.17% | 18,010,000 | $378,390,000 |
| — | BARRICK GOLD CORPORATION | 0.15% | 12,000,000 | $337,320,000 |
| TMUS | T-MOBILE US INC | 0.12% | 2,413,156 | $275,968,000 |
| MTB | M & T BK CORP | 0.12% | 2,919,613 | $268,867,000 |
| — | SIRIUS XM HLDGS INC | 0.12% | 50,000,000 | $268,000,000 |
| SU | SUNCOR ENERGY INC NEW | 0.10% | 19,201,525 | $234,834,000 |
| PNC | PNC FINL SVCS GROUP INC | 0.09% | 1,919,827 | $211,008,000 |
| BIIB | BIOGEN INC | 0.08% | 643,022 | $182,412,000 |
| — | LIBERTY GLOBAL PLC | 0.07% | 7,346,968 | $150,870,000 |
| PFE | PFIZER INC | 0.06% | 3,711,780 | $136,222,000 |
| JPM | JPMORGAN CHASE & CO | 0.04% | 967,267 | $93,119,000 |
| JNJ | JOHNSON & JOHNSON | 0.02% | 327,100 | $48,699,000 |
| PG | PROCTER & GAMBLE CO | 0.02% | 315,400 | $43,837,000 |
| MDLZ | MONDELEZ INTL INC | 0.01% | 578,000 | $33,206,000 |
| LILA | LIBERTY LATIN AMERICA LTD | 0.01% | 2,630,792 | $21,704,000 |
| VOO | VANGUARD INDEX FDS | 0.01% | 43,000 | $13,229,000 |
| SPY | SPDR S&P 500 ETF TR | 0.01% | 39,400 | $13,195,000 |
| LILAK | LIBERTY LATIN AMERICA LTD | 0.01% | 1,430,197 | $11,642,000 |
| UPS | UNITED PARCEL SERVICE INC | 0.00% | 59,400 | $9,898,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| VZ | VERIZON COMMUNICATIONS INC | 49.27% | 58,347,767 | $3,471,109,000 |
| CVX | CHEVRON CORP NEW | 45.25% | 44,272,770 | $3,187,639,000 |
| MRSH | MARSH & MCLENNAN COS INC | 5.48% | 3,366,507 | $386,138,000 |
Investor background
Berkshire Hathaway
“Berkshire is a unique conglomerate, intentionally designed to allocate capital rationally and efficiently.”Greg Abel, 2025 Shareholder Letter
Designed over six decades by Warren Buffett and Charlie Munger, Berkshire Hathaway occupies a position in the capitalist world that requires little introduction. It is the most closely followed and widely discussed capital-allocation institution of its kind. Any attempt to explain, in a few paragraphs, why Berkshire deserves attention will inevitably feel inadequate.
Our sincere recommendation is therefore simple: anyone who hopes to succeed in the securities markets should spend time reading Berkshire Hathaway’s shareholder letters and annual reports. They are not merely records of one company’s performance. Taken together, they form one of the clearest bodies of writing ever produced on business ownership, capital allocation, managerial integrity, risk, incentives, valuation and long-term decision-making.
Berkshire is not an investment fund in the conventional sense. It is a permanent-capital conglomerate combining insurance operations, wholly owned businesses, major infrastructure assets, marketable securities and substantial liquidity within a highly decentralized structure. Its subsidiaries are generally allowed to operate autonomously, while capital generated throughout the group can be redirected toward the opportunities offering the most attractive long-term returns. Insurance remains at its core, but the institution’s defining capability is its freedom to allocate capital across public equities, acquisitions, existing subsidiaries, share repurchases and cash without being constrained by a narrow mandate or short-term investor redemptions.
The result is not simply a collection of successful investments. It is a deliberately constructed system in which patient capital, trusted managers, financial resilience, decentralized operations and an owner-oriented culture reinforce one another.
That system is now entering its most important transition.
Greg Abel became Berkshire Hathaway’s President and Chief Executive Officer on January 1, 2026, succeeding Warren Buffett, who remains Chairman. Before assuming the position, Abel spent 33 years in various roles at Berkshire Hathaway Energy. He served as its CEO from 2008 to 2018 and subsequently oversaw Berkshire’s non-insurance operations as Vice Chairman from 2018 through 2025.
Abel’s background differs fundamentally from Buffett’s public image. He did not become prominent as a stock-picker, market commentator or investment partnership manager. His reputation was built as an operator and capital allocator inside large, regulated and capital-intensive businesses. Energy and utility operations require decisions whose consequences may unfold over decades: infrastructure must be financed before demand is fully visible, regulatory relationships must be preserved, operational risks cannot be ignored and returns must be balanced against enormous long-term obligations. This experience made Abel particularly suited to oversee the operating foundation on which modern Berkshire increasingly depends.
His appointment should therefore not be understood as an attempt to reproduce another Warren Buffett. Abel’s responsibility is to preserve and institutionalize what Buffett and Munger built: disciplined capital allocation, managerial autonomy, extreme financial strength, candid communication and the treatment of shareholders as long-term partners.
In his first shareholder letter as CEO, Abel presented Berkshire’s culture not merely as a collection of admirable values, but as a system for producing long-term performance. He reaffirmed insurance as Berkshire’s core, emphasized the preservation of liquidity and financial independence, and stated that capital-allocation decisions across Berkshire’s non-insurance businesses ultimately reside with him as CEO. He also confirmed that responsibility for Berkshire’s public-equity investments ultimately rests with the CEO, while Ted Weschler continues to manage a portion of the portfolio.
Charlie Munger once offered perhaps the most important endorsement of the succession plan: “Greg will keep the culture.” Abel himself repeated those words in his first annual letter. The statement captures both his qualification and the standard by which his tenure must eventually be judged. Berkshire’s future will depend not on whether Abel can imitate Buffett’s personality, but on whether rational capital allocation can survive the departure of its founders and become a durable institutional capability.
It remains too early to evaluate Abel as Buffett’s successor. Nevertheless, because he now controls capital allocation across one of the world’s largest collections of businesses and investments, Greg Abel has immediately become one of the most consequential capital allocators worth following.