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Livermore
Livermore
ZHEN

Berkshire Asset Management LLC

SEC CIK
0000949012
Latest filing
Aug 5, 2026

The latest 13F from Berkshire Asset Management LLC covers Q2 2026 (filed Aug 5, 2026): 270 long positions worth $2.55B. The top 10 holdings make up 33.4% of the portfolio, and the largest is JPMorgan Chase & Co (JPM) at 4.5%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
18
Est. +$54.8M
Added
108
Est. +$22.7M
Reduced
84
Est. −$50.9M
Sold out
11
Est. −$51.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. JPMJPMorgan Chase & Co
    4.5%$113.4MHistory
  2. DELLDell Technologies Inc.
    4.4%$111.2MHistory
  3. CSCOCisco Systems, Inc.
    4.0%$101.2MHistory
  4. ABBVAbbVie Inc.
    3.8%$96.0MHistory
  5. AAPLApple Inc.
    3.2%$81.5MHistory

Share of portfolio

Top 5 holdings and the other 265 positions, by share of portfolio value

  1. JPM4.5%
  2. DELL4.4%
  3. CSCO4.0%
  4. ABBV3.8%
  5. AAPL3.2%
  6. Other 265 positions80.2%

Biggest buys

New and added positions, by estimated amount bought

  1. HONHoneywell International Inc
    +$25.7MNewHistory
  2. HONAHoneywell Aerospace Inc.
    +$25.3MNewHistory
  3. BRK.BBerkshire Hathaway Inc
    +$4.18MAddedHistory
  4. MCDMcDonalds Corp
    +$2.02MAddedHistory
  5. Schwab International Equity ETF808524805
    +$1.62MAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. CSCOCisco Systems, Inc.
    +1.11 pp2.9% → 4.0%History
  2. HONHoneywell International Inc
    +1.01 pp0.0% → 1.0%History
  3. HONAHoneywell Aerospace Inc.
    +0.99 pp0.0% → 1.0%History
  4. NUENucor Corp
    +0.55 pp2.6% → 3.2%History
  5. QCOMQualcomm Inc
    +0.52 pp1.7% → 2.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$48.8MSold outHistory
  2. DELLDell Technologies Inc.
    −$23.2MReducedHistory
  3. GISGeneral Mills Inc
    −$11.3MReducedHistory
  4. GEGeneral Electric Co
    −$3.05MReducedHistory
  5. GEVGE Vernova Inc.
    −$2.61MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. HONHoneywell International Inc
    −2.09 pp2.1% → 0.0%History
  2. GISGeneral Mills Inc
    −0.54 pp0.7% → 0.1%History
  3. COPConocoPhillips
    −0.16 pp0.6% → 0.4%History
  4. JNJJohnson & Johnson
    −0.13 pp2.6% → 2.5%History
  5. GEGeneral Electric Co
    −0.06 pp0.3% → 0.2%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.55B
+$216.2M (+9.3%) vs. prior quarter
Positions
270
+7 vs. prior quarter
Top 10 concentration
33.4%
Top 10 as share of value
Turnover
3.2%
Q2 2026, one quarter
Average holding period
19.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.55B (Q2 2026)

Q1 2021: $1.35BQ2 2021: $1.48BQ3 2021: $1.49BQ4 2021: $1.64BQ1 2022: $1.59BQ2 2022: $1.53BQ3 2022: $1.41BQ4 2022: $1.56BQ1 2023: $1.62BQ2 2023: $1.69BQ3 2023: $1.60BQ4 2023: $1.75BQ1 2024: $1.89BQ2 2024: $2.01BQ3 2024: $1.97BQ4 2024: $2.11BQ1 2025: $2.09BQ2 2025: $2.21BQ3 2025: $2.35BQ4 2025: $2.28BQ1 2026: $2.33BQ2 2026: $2.55B
Q1 2021Q2 2026
13F filings of Berkshire Asset Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 2026270$2.55BJPMDELLCSCOvs. Q1 2026SEC
Q1 2026May 11, 2026263$2.33BJPMABBVCVXvs. Q4 2025SEC
Q4 2025Feb 17, 2026261$2.28BJPMMSFTABBVvs. Q3 2025SEC
Q3 2025Nov 7, 2025297$2.35BJPMMSFTABBVvs. Q2 2025SEC
Q2 2025Aug 13, 2025285$2.21BJPMMSFTABBVvs. Q1 2025SEC
Q1 2025May 14, 2025282$2.09BJPMMSFTABBVvs. Q4 2024SEC
Q4 2024Feb 7, 2025279$2.11BJPMMSFTABBVvs. Q3 2024SEC
Q3 2024Nov 14, 2024284$1.97BMSFTJPMABBVvs. Q2 2024SEC
Q2 2024Aug 13, 2024288$2.01BMSFTJPMABBVvs. Q1 2024SEC
Q1 2024May 14, 2024234$1.89BMSFTJPMABBVvs. Q4 2023SEC
Q4 2023Feb 9, 2024226$1.75BMSFTJPMABBVvs. Q3 2023SEC
Q3 2023Nov 14, 2023223$1.60BMSFTJPMCVXvs. Q2 2023SEC
Q2 2023Aug 14, 2023228$1.69BMSFTJPMCVXvs. Q1 2023SEC
Q1 2023Jun 6, 2023228$1.62BMSFTABBVCVXvs. Q4 2022SEC
Q4 2022Feb 15, 2023140$1.56BCVXABBVJPMvs. Q3 2022SEC
Q3 2022Nov 14, 2022218$1.41BCVXABBVMSFTvs. Q2 2022SEC
Q2 2022Aug 12, 2022221$1.53BABBVMSFTCVXvs. Q1 2022SEC
Q1 2022May 16, 2022201$1.59BMSFTABBVJPMvs. Q4 2021SEC
Q4 2021Feb 14, 2022239$1.64BMSFTJPMBACvs. Q3 2021SEC
Q3 2021Nov 15, 2021239$1.49BJPMBACMSFTvs. Q2 2021SEC
Q2 2021Aug 16, 2021233$1.48BJPMBACMSFTvs. Q1 2021SEC
Q1 2021May 17, 2021227$1.35BJPMBACMSFT–SEC

13D and 13G filings

Companies where Berkshire Asset Management LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Berkshire Asset Management LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
iM Global Partner FundsExchange Traded Fund13G/A5.50%59.6K shares−3.00 ppfrom 8.50%May 12, 20254 filingsJul 14, 2026SEC

Latest filings

4 filings on file made by Berkshire Asset Management LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Berkshire Asset Management LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
iM Global Partner FundsExchange Traded FundJul 14, 20263:23 PM ET13G/A5.50%59.6K shares−3.00 ppfrom 8.50%Jun 30, 2026SEC
Litman Gregory Funds TrustiMGP Berkshire Dividend Growth ETFMay 11, 202610:11 AM ET13G/A8.50%59.6K shares+1.40 ppfrom 7.10%Mar 31, 2026SEC
Litman Gregory Funds TrustiMGP Berkshire Dividend Growth ETFOct 23, 20252:36 PM ET13G/A7.10%47.9K shares+0.90 ppfrom 6.20%Sep 30, 2025SEC
Litman Gregory Funds TrustiMGP Berkshire Dividend Growth ETFMay 12, 20258:38 AM ET13G6.20%47.8K sharesNewMar 31, 2025SEC