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Funds (13F)

Berkshire Hathaway Inc

Backtest from 15 Nov 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+11.4%
S&P 500 +13.6%
Last 12 months
+14.6%
S&P 500 +12.1%
Sharpe ratio
0.57
S&P 500 0.75
Biggest drop
−36.7%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $52.3k$40.3k
Berkshire Hathaway IncS&P 500 $10,000 in Berkshire Hathaway Inc from 15 Nov 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Berkshire Hathaway Inc's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Berkshire Hathaway Inc's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+11.4%+13.6%
Total return+303%+423%
Last 12 months+14.6%+12.1%
Last 3 months+0.7%—
Last month+3.3%—
This year so far+11.5%—
Volatility a year18.2%16.1%
Sharpe ratio0.570.75
Biggest drop−36.7%−31.8%
Beta to the S&P 5001.021.00
Alpha a year (t-statistic)−1.8% (−0.83)—
Share of weeks up58%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
AAPL22.8%——
AXP17.7%——
KO11.2%——
GOOGL9.7%——
BAC9.5%——
CVX4.8%——
OXY4.5%——
CB4.0%——
MCO3.9%——
KHC2.7%——
DVA2.2%——
DAL1.9%——
SIRI1.3%——
VRSN0.8%——
KR0.8%——
ALLY0.4%——
LEN0.4%——
LLYVK0.4%——
NYT0.4%——
COF0.2%——
LPX0.1%——
NUE0.1%——
M0.1%——
NVR0.0%——
JEF0.0%——
DHI0.0%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest15 Nov 2013 to 2 Nov 2026+11.4%+13.6%0.570.75−36.7%1.02−1.8% (−0.83)
2018 onwards5 Jan 2018 to 2 Nov 2026+12.7%+13.9%0.550.66−36.7%1.03−0.9% (−0.30)
Last three years3 Nov 2023 to 2 Nov 2026+19.5%+21.8%0.981.16−16.8%0.77+1.9% (0.33)
Last year7 Nov 2025 to 2 Nov 2026+14.3%+14.2%0.900.84−7.3%0.39+6.0% (0.59)
DateCompanyAction
21 Aug 2026DHIBought
22 May 2026MBought
22 May 2026DALBought
20 Feb 2026NYTBought
20 Feb 2026LLYVKBought
20 Feb 2026FWONKBought
21 Nov 2025GOOGLBought
15 Aug 2025UNHBought
15 Aug 2025NUEBought
15 Aug 2025LENBought
15 Aug 2025LAMRBought
15 Aug 2025DHIBought
15 Aug 2025ALLEBought
21 Feb 2025STZBought
15 Nov 2024SIRIBought
15 Nov 2024POOLBought
15 Nov 2024DPZBought
16 Aug 2024VRSNBought
16 Aug 2024VBought
16 Aug 2024ULTABought
16 Aug 2024TMUSBought
16 Aug 2024OXYBought
16 Aug 2024NVRBought
16 Aug 2024NUBought
16 Aug 2024MCOBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026STZSold
22 May 2026VSold
22 May 2026UNHSold
22 May 2026POOLSold
22 May 2026MASold
22 May 2026LILASold
22 May 2026LAMRSold
22 May 2026FWONKSold
22 May 2026DPZSold
22 May 2026CHTRSold
22 May 2026AONSold
22 May 2026AMZNSold
22 May 2026ALLESold
21 Nov 2025DHISold
15 Aug 2025TMUSSold
15 Aug 2025NUSold
15 Aug 2025CSold
21 Feb 2025ULTASold
15 Nov 2024FNDSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest