Berkshire Hathaway Reports 61% of Total Fair Value of Equity Investments Held in American Express, Apple, Bank of America, Chevron, and Coca-Cola as of March 31
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: moomoo
- Investment Concentration: 61% of Berkshire Hathaway's aggregate fair value of equity investments is concentrated in American Express, Apple, Bank of America, Chevron, and Coca-Cola as of March 31.
- Key Holdings: The significant investments highlight Berkshire Hathaway's focus on major American companies within its portfolio.
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Analyst Views on BAC
Wall Street analysts forecast BAC stock price to rise
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 53.460
Low
55.00
Averages
61.64
High
71.00
Current: 53.460
Low
55.00
Averages
61.64
High
71.00
About BAC
Bank of America Corporation is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Berkshire Hathaway Reports 61% of Total Fair Value of Equity Investments Held in American Express, Apple, Bank of America, Chevron, and Coca-Cola as of March 31
- Investment Concentration: 61% of Berkshire Hathaway's aggregate fair value of equity investments is concentrated in American Express, Apple, Bank of America, Chevron, and Coca-Cola as of March 31.
- Key Holdings: The significant investments highlight Berkshire Hathaway's focus on major American companies within its portfolio.
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Pentair Q1 2026 Earnings Beat Expectations Amid Analyst Downgrades
- Strong Earnings Report: Pentair reported Q1 2026 revenue of $1.04 billion and adjusted EPS of $1.22, surpassing analyst expectations of $1.03 billion and $1.17, indicating robust performance in the water solutions sector.
- Stock Price Decline: Despite the strong earnings, Pentair's stock has fallen 12% since last Friday's close, reflecting market concerns over analysts' downward revisions of price targets, with Barclays, TD Cowen, and Bank of America all lowering their targets.
- Analyst Sentiment Shift: Barclays cut its price target from $95 to $92, TD Cowen from $90 to $75, and Bank of America from $88 to $80, contributing to increased selling pressure among investors.
- Management's Optimistic Outlook: Despite the bearish analyst sentiment, management forecasts 2026 EPS from continuing operations to be between $4.83 and $4.93, representing a year-over-year increase of 23% to 25%, indicating confidence in the company's growth potential.
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Apple's Strong Earnings Propel Stock Market Higher
- Apple's Earnings Surprise: Apple reported a projected revenue increase of 14% to 17% for the June quarter, significantly exceeding the Street's expectation of 9%, which solidifies its leadership position in the tech industry.
- Record Services Revenue: The company's services revenue reached an all-time high of $30.97 billion, up 16% year-over-year, indicating strong growth potential in its digital services segment and expected to drive future revenue growth.
- Positive Market Reaction: Apple's stock rose by 3.5%, with Wells Fargo raising its price target from $300 to $310, reflecting market optimism regarding its future performance.
- Memory Price Concerns: Despite Sandisk's earnings beating expectations, its shares fell 5%, highlighting market concerns over rising memory chip prices, which could impact overall industry profitability.
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U.S. Treasury Yield Approaches 5% Warning Signal
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- Inflation Concerns Rise: With West Texas Intermediate crude futures climbing to $103 per barrel, gasoline prices surged from $4.03 to $4.30 over the past week, renewing fears of an inflation shock that could drive interest rates higher.
- Strong Stock Market Performance: Despite the troubling signals from the bond market, the S&P 500 rose over 10% in April, while the Nasdaq Composite surged 15%, reflecting investor optimism driven by a resurgence in AI trade and robust corporate profits.
- Policy Impact Expectations: The U.S. Treasury Secretary indicated consideration of providing currency swap lines to Middle Eastern and Asian nations affected by the war, which could influence the 3.8 trillion dollars of U.S. Treasuries held by these countries, potentially mitigating the rise in bond yields.
See More
Analysis of Private Credit Risks and Bank Exposures
- Current State of Private Credit: The private credit industry has emerged amid regulatory pressures, and while large banks still hold a significant position in the lending market, their exposure to private credit is generally below 5%, indicating a cautious approach by banks in this sector.
- Bank Exposure Data: Recent figures show that JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup have non-bank financial loans totaling $160 billion, $180 billion, $193 billion, and $118 billion respectively, with loans to private equity firms accounting for less than 1%, reflecting banks' risk control measures.
- Software Industry Risks: JPMorgan's research indicates that about 20% of BDC portfolios are exposed to the software sector, and given the volatility of software stocks, this could lead to potential losses in private credit, thereby affecting the credit quality of banks.
- Bank Lending Strategies: Despite the pressures on private credit, bank management teams express optimism about their credit quality, emphasizing that high-yield loans typically have senior repayment rights and provide additional protection in the event of defaults, indicating a conservative risk management strategy by banks.
See More
Buffett's Retirement Marks New Era for Berkshire Hathaway
- Leadership Transition: Warren Buffett officially retired on December 31, 2025, passing the CEO role to Greg Abel, who has been with Berkshire for over 25 years, marking a new chapter for the company; while day-to-day operations are now under Abel's oversight, Buffett's strategic positioning will continue to influence future developments.
- Significant Amazon Stake Reduction: Buffett drastically cut Berkshire's stake in Amazon by 77%, equating to approximately $1.7 billion in market value, a move that raised eyebrows on Wall Street and indicated concerns over Amazon's valuation amidst a high-priced market.
- Major Investment in Alphabet: Prior to his retirement, Buffett invested over $4.3 billion in 17,846,142 shares of Alphabet, reflecting his confidence in the company's sustainable competitive advantages, particularly in advertising and cloud services, which have shown robust performance.
- Market Conditions Affecting Decisions: Buffett's net selling of $187 billion in stocks over the past 13 quarters illustrates his cautious approach in a high-valuation market, while also demonstrating his deep understanding of economic cycles and their impact on investment strategies.
See More
Berkshire Hathaway Reports 61% of Total Fair Value of Equity Investments Held in American Express, Apple, Bank of America, Chevron, and Coca-Cola as of March 31
- Investment Concentration: 61% of Berkshire Hathaway's aggregate fair value of equity investments is concentrated in American Express, Apple, Bank of America, Chevron, and Coca-Cola as of March 31.
- Key Holdings: The significant investments highlight Berkshire Hathaway's focus on major American companies within its portfolio.
See More
Pentair Q1 2026 Earnings Beat Expectations Amid Analyst Downgrades
- Strong Earnings Report: Pentair reported Q1 2026 revenue of $1.04 billion and adjusted EPS of $1.22, surpassing analyst expectations of $1.03 billion and $1.17, indicating robust performance in the water solutions sector.
- Stock Price Decline: Despite the strong earnings, Pentair's stock has fallen 12% since last Friday's close, reflecting market concerns over analysts' downward revisions of price targets, with Barclays, TD Cowen, and Bank of America all lowering their targets.
- Analyst Sentiment Shift: Barclays cut its price target from $95 to $92, TD Cowen from $90 to $75, and Bank of America from $88 to $80, contributing to increased selling pressure among investors.
- Management's Optimistic Outlook: Despite the bearish analyst sentiment, management forecasts 2026 EPS from continuing operations to be between $4.83 and $4.93, representing a year-over-year increase of 23% to 25%, indicating confidence in the company's growth potential.
See More
Apple's Strong Earnings Propel Stock Market Higher
- Apple's Earnings Surprise: Apple reported a projected revenue increase of 14% to 17% for the June quarter, significantly exceeding the Street's expectation of 9%, which solidifies its leadership position in the tech industry.
- Record Services Revenue: The company's services revenue reached an all-time high of $30.97 billion, up 16% year-over-year, indicating strong growth potential in its digital services segment and expected to drive future revenue growth.
- Positive Market Reaction: Apple's stock rose by 3.5%, with Wells Fargo raising its price target from $300 to $310, reflecting market optimism regarding its future performance.
- Memory Price Concerns: Despite Sandisk's earnings beating expectations, its shares fell 5%, highlighting market concerns over rising memory chip prices, which could impact overall industry profitability.
See More
U.S. Treasury Yield Approaches 5% Warning Signal
- Bond Market Warning: The U.S. 30-year Treasury bond yield briefly surpassed 5% on Thursday, settling at 4.979% on Friday, a level referred to as the 'Maginot Line' by Bank of America strategists, indicating potential risks for long-term bonds.
- Inflation Concerns Rise: With West Texas Intermediate crude futures climbing to $103 per barrel, gasoline prices surged from $4.03 to $4.30 over the past week, renewing fears of an inflation shock that could drive interest rates higher.
- Strong Stock Market Performance: Despite the troubling signals from the bond market, the S&P 500 rose over 10% in April, while the Nasdaq Composite surged 15%, reflecting investor optimism driven by a resurgence in AI trade and robust corporate profits.
- Policy Impact Expectations: The U.S. Treasury Secretary indicated consideration of providing currency swap lines to Middle Eastern and Asian nations affected by the war, which could influence the 3.8 trillion dollars of U.S. Treasuries held by these countries, potentially mitigating the rise in bond yields.
See More
Analysis of Private Credit Risks and Bank Exposures
- Current State of Private Credit: The private credit industry has emerged amid regulatory pressures, and while large banks still hold a significant position in the lending market, their exposure to private credit is generally below 5%, indicating a cautious approach by banks in this sector.
- Bank Exposure Data: Recent figures show that JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup have non-bank financial loans totaling $160 billion, $180 billion, $193 billion, and $118 billion respectively, with loans to private equity firms accounting for less than 1%, reflecting banks' risk control measures.
- Software Industry Risks: JPMorgan's research indicates that about 20% of BDC portfolios are exposed to the software sector, and given the volatility of software stocks, this could lead to potential losses in private credit, thereby affecting the credit quality of banks.
- Bank Lending Strategies: Despite the pressures on private credit, bank management teams express optimism about their credit quality, emphasizing that high-yield loans typically have senior repayment rights and provide additional protection in the event of defaults, indicating a conservative risk management strategy by banks.
See More
Buffett's Retirement Marks New Era for Berkshire Hathaway
- Leadership Transition: Warren Buffett officially retired on December 31, 2025, passing the CEO role to Greg Abel, who has been with Berkshire for over 25 years, marking a new chapter for the company; while day-to-day operations are now under Abel's oversight, Buffett's strategic positioning will continue to influence future developments.
- Significant Amazon Stake Reduction: Buffett drastically cut Berkshire's stake in Amazon by 77%, equating to approximately $1.7 billion in market value, a move that raised eyebrows on Wall Street and indicated concerns over Amazon's valuation amidst a high-priced market.
- Major Investment in Alphabet: Prior to his retirement, Buffett invested over $4.3 billion in 17,846,142 shares of Alphabet, reflecting his confidence in the company's sustainable competitive advantages, particularly in advertising and cloud services, which have shown robust performance.
- Market Conditions Affecting Decisions: Buffett's net selling of $187 billion in stocks over the past 13 quarters illustrates his cautious approach in a high-valuation market, while also demonstrating his deep understanding of economic cycles and their impact on investment strategies.
See More
