How Many Shares of CVX Does Berkshire Hathaway Own? A Step-by-Step Guide to Understanding the Oracle of Omaha's Stake in Chevron
Ever wondered what's in Warren Buffett's portfolio? You're not alone! The holdings of Berkshire Hathaway, the conglomerate led by the legendary investor, are a source of immense interest for investors worldwide. One of the most talked-about holdings in recent years has been Chevron (CVX), the American multinational energy corporation.
So, let's dive into the details and find out exactly how many shares of CVX Berkshire Hathaway owns, and more importantly, why it matters.
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| How Many Shares Of Cvx Does Berkshire Hathaway Own |
Step 1: Understand the Key Source of Information - The 13F Filing
Before we get into the numbers, it's crucial to know where this information comes from. The primary source for understanding institutional investor holdings, like those of Berkshire Hathaway, is the Form 13F.
What is a 13F Filing? A 13F is a quarterly report that institutional investment managers with over $100 million in assets under management must file with the U.S. Securities and Exchange Commission (SEC). This filing provides a snapshot of their holdings as of the end of the quarter. It's a goldmine of information for investors who want to track the moves of Wall Street's biggest players.
So, let's start with this first step: Are you ready to become a detective of the stock market? By following these steps, you'll learn how to interpret the data and understand the bigger picture behind the numbers.
Step 2: Analyze the Latest Disclosed Holdings
The number of shares Berkshire Hathaway owns in Chevron isn't static; it changes from quarter to quarter as the company buys or sells shares. To get the most accurate and recent information, we need to look at the latest 13F filing.
As of the latest publicly available 13F filing for the quarter ended March 31, 2025, Berkshire Hathaway held a total of 118,610,534 shares of Chevron (CVX).
QuickTip: Scan quickly, then go deeper where needed.
Sub-heading: A Look at the Recent History
It's fascinating to see how the position has evolved over time. Berkshire Hathaway first entered the position in the third quarter of 2020. Since then, they've made several adjustments to their holdings, which can be interpreted as a reflection of their changing views on the energy sector and the company itself.
Here is a glimpse of their holdings in recent quarters:
Q1 2025 (as of March 31, 2025): 118,610,534 shares
Q4 2024 (as of December 31, 2024): 118,610,534 shares
Q3 2024 (as of September 30, 2024): 118,610,534 shares
Q2 2024 (as of June 30, 2024): 118,610,534 shares
Q1 2024 (as of March 31, 2024): 122,980,207 shares
Q4 2023 (as of December 31, 2023): 126,093,326 shares
Q3 2023 (as of September 30, 2023): 110,248,289 shares
Q2 2023 (as of June 30, 2023): 123,120,120 shares
As you can see, the holding has fluctuated. It's important to note that these are the numbers reported in the filings, and the actual number of shares held can change between the end of the quarter and the filing date.
Step 3: Calculate the Value and Portfolio Allocation
The number of shares is one thing, but their value is another. The value of the holding changes daily with the stock price. To understand the significance of this investment to Berkshire Hathaway, we need to look at its value and how it fits into the overall portfolio.
Sub-heading: The Value of the Stake
Based on the number of shares held and the current market price of CVX, the value of Berkshire Hathaway's stake is a substantial amount. For instance, as of the Q1 2025 filing, the value was reported to be around $19.84 billion. This makes Chevron one of Berkshire Hathaway's largest holdings.
Sub-heading: How Big is This Holding for Berkshire?
In the Q1 2025 filing, the Chevron position constituted 7.67% of Berkshire Hathaway's total equity portfolio. This places it as the fifth-largest holding in the portfolio, right behind giants like Apple, Bank of America, American Express, and Coca-Cola. This high allocation speaks volumes about Buffett's confidence in the energy sector and Chevron's business.
Tip: Rest your eyes, then continue.
Step 4: Understand the Rationale Behind the Investment
Why does Warren Buffett and Berkshire Hathaway own so much of Chevron? While we can't read their minds, we can infer their reasoning based on Buffett's well-known investment philosophy.
Value Investing: Buffett is a value investor. He seeks out companies that are undervalued by the market but have strong fundamentals, a durable competitive advantage (a "moat"), and a predictable business model.
Energy Sector Outlook: The energy sector, particularly oil and gas, is cyclical. However, Buffett's recent additions to CVX and Occidental Petroleum (OXY) suggest a bullish long-term outlook on the oil market. He likely believes that fossil fuels will remain essential for the global economy for years to come, and that Chevron is a well-managed company that is positioned to benefit from this.
Dividend Income: Chevron is a reliable dividend payer. Berkshire Hathaway earns a significant amount of dividend income from its CVX shares, which contributes to its overall cash flow. This is a key part of Buffett's income-generating strategy.
Share Buybacks: Chevron has been actively buying back its own shares, which reduces the number of outstanding shares and increases the value of each remaining share. Buffett loves companies that are committed to returning capital to shareholders through buybacks, as it shows a management team that is confident in its own business.
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Step 5: What This Means for You as an Investor
Tracking Berkshire Hathaway's portfolio is a useful exercise, but it's not a guarantee of future performance.
Do your own due diligence. Don't just blindly follow the moves of a famous investor. Use their positions as a starting point for your own research.
Consider your own goals and risk tolerance. Berkshire Hathaway has a different risk profile and investment horizon than a retail investor.
Stay updated. Remember that the 13F filing is a snapshot of the past. The next filing will provide an update on their latest moves.
By understanding the data, the context, and the philosophy behind the investment, you can make more informed decisions for your own portfolio.
10 Related FAQs
Here are 10 related FAQ subheadings, all starting with "How to," with their quick answers.
How to find Berkshire Hathaway's latest 13F filing?
You can find Berkshire Hathaway's latest 13F filing on the U.S. Securities and Exchange Commission (SEC) EDGAR database by searching for "Berkshire Hathaway Inc." and looking for the Form 13F-HR.
Tip: Keep scrolling — each part adds context.
How to interpret a 13F filing?
A 13F filing lists the holdings of an institutional investor. The key columns to look at are the "Name of Issuer" (the company), "CUSIP" (a unique identifier for the security), "Shares" (the number of shares held), and "Value" (the market value of the position at the end of the quarter).
How to calculate the value of Berkshire Hathaway's CVX stake?
To calculate the value, you can multiply the number of shares held (from the latest 13F) by the current market price of Chevron (CVX) stock.
How to track changes in Berkshire Hathaway's portfolio?
You can track changes by comparing the shares held in the current 13F filing with the shares held in the previous quarter's filing. This will show you which positions were added to, reduced, or sold out of entirely.
How to understand Warren Buffett's investment philosophy?
Warren Buffett's philosophy is rooted in "value investing," focusing on buying stocks of high-quality businesses at a reasonable price, with a focus on long-term holding and predictable cash flows. He often looks for companies with a strong "economic moat."
Reminder: Revisit older posts — they stay useful.
How to determine if Chevron is a good investment for me?
You should conduct your own thorough research on Chevron's financials, future prospects, and industry outlook. Consider factors like its earnings, debt levels, dividend history, and the long-term trends in the energy sector.
How to invest in Chevron stock?
You can invest in Chevron stock by opening a brokerage account with a registered financial institution, funding the account, and then placing an order to buy shares of CVX on the stock market.
How to understand the Chevron dividend?
Chevron is a "Dividend Aristocrat," meaning it has increased its dividend for at least 25 consecutive years. You can understand its dividend by looking at its dividend yield, payout ratio, and historical dividend growth.
How to see how Chevron's stock is performing?
You can see Chevron's stock performance by checking financial news websites, stock market apps, or your brokerage platform. Look at the stock chart, key metrics like the P/E ratio, and recent news.
How to learn more about the energy sector?
You can learn more about the energy sector by reading industry reports, following financial news outlets that cover energy, and researching major oil and gas companies to understand their business models and the factors that influence their profitability.
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