PANews reported on November 1st that Berkshire Hathaway stated its equity investments have been concentrated in a few companies for many years. As of September 30, 2025, and December 31, 2024, the fair value of its top five holdings accounted for 66% and 71% of the total fair value of its equity investments, respectively. These five holdings are: American Express (AXP.N), Apple (AAPL.O), Bank of America (BAC.N), Coca-Cola (KO.N), and Chevron (CVX.N). Additionally, Berkshire Hathaway holds common stock in Occidental Petroleum (OXY.N).