BERKSHIRE ASSET MANAGEMENT LLC/PA

CIK 0000949012 · Q1 2026

13F Equity AUM

$2.3B

+2.3% QoQ

Positions

264

+3 QoQ

AUM Rank

#1,639

Top 13%

Skill Alpha (FF)

-0.9%/yr^ns

No Clear Edge

Rank #3,593 · Top 44%

vs S&P -5.7%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 17.5%Top 10: 30.4%Top 20: 50.8%

JPMORGAN CHASE & CO4.4%

ABBV3.5%

CHV3.5%

AAPL3.1%

MSFT3.0%

CSCO2.9%

JNJ2.6%

NUE2.6%

BAC2.5%

WM2.4%

Others (254)69.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services27.4%

Technology16.3%

Industrials14.7%

Healthcare10.4%

Consumer Defensive9.1%

Energy8.2%

Consumer Cyclical6.0%

Basic Materials2.7%

Other5.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 264Median: 0.04%Avg: 0.38%

0–0.5%

216(15.1%)

0.5–1%

10(7.5%)

1–3%

33(59.9%)

3–5%

5(17.5%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 158Unique: 106vs 20 funds

2.1%Low

264

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

JPMORGAN CHASE & CO

3.2%

BANK OF AMERICA CORP /DE/

3.2%

FMR LLC

5.2%

BlackRock, Inc.

3.8%

STATE STREET CORP

3.7%

VANGUARD CAPITAL MANAGEMENT LLC

3.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

GEODE CAPITAL MANAGEMENT, LLC

3.3%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New21Increased107Decreased90Exited19

New Positions

VSNT0.1%

+32K

CART0.1%

+31K

PINNACLE FINL PARTNE…0.0%

+11K

MHK0.0%

+8K

EEM0.0%

+10K

META0.0%

+1K

GLW0.0%

+2K

PCAR0.0%

+2K

TT0.0%

+492

GILD0.0%

+2K

Increased

SCHF1.3%

+137K(+13%)

SCHE0.3%

+67K(+37%)

CPB0.1%

+34K(+47%)

SCHM0.9%

+33K(+5%)

MDLZ1.5%

+32K(+6%)

GIS0.7%

+26K(+6%)

SCHV0.4%

+22K(+8%)

SCHX0.3%

+22K(+7%)

SPDR SERIES TRUST1.2%

+20K(+4%)

EOG RES INC1.8%

+17K(+6%)

Decreased

INTC0.0%

-43,121(-65%)

IWD0.1%

-13,643(-52%)

ET-PI0.0%

-9,620(-31%)

WMT2.0%

-6,827(-2%)

KHC0.1%

-5,792(-5%)

PFE0.1%

-5,293(-5%)

VZ0.1%

-4,990(-11%)

OCCLL0.1%

-4,565(-22%)

CSCO2.9%

-4,461(-1%)

MRP0.1%

-3,792(-3%)

Exited

EXPE

-10,453

SOLSTICE ADVANCED MA…

-52,166

AZN

-10,565

PINNACLE FINL PARTNE…

-5,821

SPDR SERIES TRUST

-8,287

USB

-6,764

BUDFF

-6,005

TSCO

-5,281

ISHARES TR

-3,599

-3,625

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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