13F HOLDINGS REPORT

BERKSHIRE ASSET MANAGEMENT LLC/PA

Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001398344-26-003197

Total Value

$2.28B

Positions

262

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (262)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	JPMORGAN CHASE & CO.	VYLD	348,430	$112.3M	4.93%
2	MICROSOFT CORP	MSFT	183,751	$88.9M	3.90%
3	ABBVIE INC	ABBV	376,948	$86.1M	3.78%
4	APPLE INC	AAPL	273,504	$74.4M	3.26%
5	CISCO SYS INC	CSCO	866,118	$66.7M	2.93%
6	BANK AMERICA CORP	060505104	1,171,125	$64.4M	2.83%
7	CHEVRON CORP NEW	CVX	392,052	$59.8M	2.62%
8	NUCOR CORP	NUE	358,772	$58.5M	2.57%
9	TE CONNECTIVITY PLC	TEL	250,954	$57.1M	2.51%
10	JOHNSON & JOHNSON	JNJ	251,147	$52.0M	2.28%
11	WASTE MGMT INC DEL	WM	235,288	$51.7M	2.27%
12	QUALCOMM INC	QCOM	299,661	$51.3M	2.25%
13	M & T BK CORP	MTB-PK	240,943	$48.5M	2.13%
14	NORFOLK SOUTHN CORP	655844108	156,935	$45.3M	1.99%
15	WALMART INC	WMT	391,047	$43.6M	1.91%
16	EMERSON ELEC CO	EMR	316,427	$42.0M	1.84%
17	PNC FINL SVCS GROUP INC	693475105	199,067	$41.6M	1.82%
18	HONEYWELL INTL INC	438516106	207,860	$40.6M	1.78%
19	SCHWAB CHARLES CORP	SCHW-PJ	405,365	$40.5M	1.78%
20	LOCKHEED MARTIN CORP	LMT	83,369	$40.3M	1.77%
21	CHUBB LIMITED	CB	128,339	$40.1M	1.76%
22	PPL CORP	PPLC	1,136,056	$39.8M	1.75%
23	MCDONALDS CORP	MCD	128,545	$39.3M	1.72%
24	DELL TECHNOLOGIES INC	DELL	309,427	$39.0M	1.71%
25	ABBOTT LABS	ABLZF	301,068	$37.7M	1.66%
26	LOWES COS INC	548661107	151,006	$36.4M	1.60%
27	KINDER MORGAN INC DEL	EP-PC	1,217,959	$33.5M	1.47%
28	DEERE & CO	DE	71,566	$33.3M	1.46%
29	PROCTER AND GAMBLE CO	742718109	226,192	$32.4M	1.42%
30	BRISTOL-MYERS SQUIBB CO	CELG-RI	582,634	$31.4M	1.38%
31	LENNAR CORP	LEN-B	302,496	$31.1M	1.36%
32	MONDELEZ INTL INC	609207105	564,106	$30.4M	1.33%
33	EOG RES INC	EOG	265,643	$27.9M	1.22%
34	HERSHEY CO	HSY	146,154	$26.6M	1.17%
35	SPDR SERIES TRUST	78468r853	563,967	$26.4M	1.16%
36	SMITH A O CORP	AOS	389,030	$26.0M	1.14%
37	SCHWAB STRATEGIC TR	808524805	1,078,430	$25.9M	1.14%
38	PEPSICO INC	PEP	174,042	$25.0M	1.10%
39	WELLS FARGO CO NEW	949746101	237,451	$22.1M	0.97%
40	WP CAREY INC	92936u109	328,144	$21.1M	0.93%
41	SCHWAB STRATEGIC TR	808524508	682,215	$20.5M	0.90%
42	VANGUARD INTL EQUITY INDEX F	922042775	253,369	$18.6M	0.82%
43	GENERAL MLS INC	370334104	399,742	$18.6M	0.82%
44	VANGUARD INDEX FDS	922908629	63,945	$18.6M	0.81%
45	PULTE GROUP INC	745867101	136,002	$15.9M	0.70%
46	VANGUARD INDEX FDS	922908751	56,415	$14.6M	0.64%
47	SCHWAB STRATEGIC TR	808524300	413,578	$13.5M	0.59%
48	SPDR S&P 500 ETF TR	SPY	17,386	$11.9M	0.52%
49	DISNEY WALT CO	254687106	87,161	$9.9M	0.44%
50	COCA COLA CO	KO	137,113	$9.6M	0.42%
51	CONOCOPHILLIPS	COP	101,023	$9.5M	0.41%
52	ISHARES TR	464287614	19,807	$9.4M	0.41%
53	CITIGROUP INC	C-PR	78,602	$9.2M	0.40%
54	AMGEN INC	AMGN	27,236	$8.9M	0.39%
55	VANGUARD TAX-MANAGED FDS	921943858	140,301	$8.8M	0.38%
56	BERKSHIRE HATHAWAY INC DEL	BRK-A	17,203	$8.6M	0.38%
57	AMAZON COM INC	AMZN	37,149	$8.6M	0.38%
58	SCHWAB STRATEGIC TR	808524201	296,372	$8.0M	0.35%
59	SCHWAB STRATEGIC TR	808524409	256,676	$7.6M	0.33%
60	BROADCOM INC	AVGO	21,236	$7.3M	0.32%
61	GE AEROSPACE	369604301	21,945	$6.8M	0.30%
62	ALPHABET INC	GOOG	21,254	$6.7M	0.29%
63	SCHWAB STRATEGIC TR	808524706	181,527	$5.9M	0.26%
64	ALPHABET INC	GOOG	18,084	$5.7M	0.25%
65	ISHARES TR	464287598	26,447	$5.6M	0.24%
66	AUTOMATIC DATA PROCESSING IN	ADP	20,604	$5.3M	0.23%
67	SCHWAB STRATEGIC TR	808524102	199,576	$5.2M	0.23%
68	VANGUARD INTL EQUITY INDEX F	922042858	85,823	$4.6M	0.20%
69	NVIDIA CORPORATION	NVDA	24,697	$4.6M	0.20%
70	MEDTRONIC PLC	MDT	46,358	$4.5M	0.20%
71	EXXON MOBIL CORP	XOM	35,546	$4.3M	0.19%
72	GE VERNOVA INC	GEV	6,482	$4.2M	0.19%
73	ELI LILLY & CO	LLY	3,895	$4.2M	0.18%
74	ORACLE CORP	ORCL-PD	20,522	$4.0M	0.18%
75	VANGUARD SCOTTSDALE FDS	92206c649	23,899	$3.8M	0.17%
76	BLACKSTONE INC	BX	24,230	$3.7M	0.16%
77	MERCK & CO INC	MRK	34,684	$3.7M	0.16%
78	INTERNATIONAL BUSINESS MACHS	INTR	11,673	$3.5M	0.15%
79	TETRA TECHNOLOGIES INC DEL	TTI	367,500	$3.4M	0.15%
80	RTX CORPORATION	RTX	18,110	$3.3M	0.15%
81	MILLROSE PPTYS INC	601137102	108,973	$3.3M	0.14%
82	ISHARES TR	464287655	13,213	$3.3M	0.14%
83	AMERICAN EXPRESS CO	AXP	8,563	$3.2M	0.14%
84	HOME DEPOT INC	HD	9,043	$3.1M	0.14%
85	ISHARES TR	46435g524	37,340	$3.1M	0.14%
86	EXPEDIA GROUP INC	EXPE	10,453	$3.0M	0.13%
87	KRAFT HEINZ CO	KHC	119,248	$2.9M	0.13%
88	SELECT SECTOR SPDR TR	81369y308	33,571	$2.6M	0.11%
89	META PLATFORMS INC	META	3,943	$2.6M	0.11%
90	SOLSTICE ADVANCED MATLS INC	SOLS	52,166	$2.5M	0.11%
91	PHILIP MORRIS INTL INC	718172109	15,477	$2.5M	0.11%
92	PFIZER INC	PFE	99,438	$2.5M	0.11%
93	UNITEDHEALTH GROUP INC	UNH	7,498	$2.5M	0.11%
94	INTEL CORP	INTC	66,802	$2.5M	0.11%
95	AT&T INC	T-PC	97,917	$2.4M	0.11%
96	AMERICAN ELEC PWR CO INC	025537101	20,341	$2.3M	0.10%
97	CATERPILLAR INC	CAT	3,912	$2.2M	0.10%
98	RESIDEO TECHNOLOGIES INC	REZI	63,319	$2.2M	0.10%
99	ISHARES TR	464287465	22,506	$2.2M	0.09%
100	MORGAN STANLEY	MS-PQ	11,802	$2.1M	0.09%
101	THE CAMPBELLS COMPANY	CPB	72,723	$2.0M	0.09%
102	FLUOR CORP NEW	FLR	50,000	$2.0M	0.09%
103	SYSCO CORP	SYY	26,313	$1.9M	0.09%
104	VISA INC	V	5,484	$1.9M	0.08%
105	VERIZON COMMUNICATIONS INC	VZ	46,911	$1.9M	0.08%
106	ISHARES TR	464287507	28,755	$1.9M	0.08%
107	ISHARES TR	464287689	4,750	$1.8M	0.08%
108	UNION PAC CORP	UNP	7,891	$1.8M	0.08%
109	ISHARES TR	464287168	12,112	$1.7M	0.08%
110	INVESCO QQQ TR	IVZ	2,717	$1.7M	0.07%
111	VANGUARD INTL EQUITY INDEX F	922042874	19,851	$1.7M	0.07%
112	ISHARES TR	464287630	9,036	$1.6M	0.07%
113	GOLDMAN SACHS GROUP INC	GSCE	1,832	$1.6M	0.07%
114	INVESCO EXCHANGE TRADED FD T	IVZ	8,293	$1.6M	0.07%
115	ALTRIA GROUP INC	MO	27,170	$1.6M	0.07%
116	BROWN FORMAN CORP	BF-B	59,199	$1.5M	0.07%
117	VERTEX PHARMACEUTICALS INC	92532f100	3,379	$1.5M	0.07%
118	BAKER HUGHES COMPANY	BKR	33,258	$1.5M	0.07%
119	ANALOG DEVICES INC	ADI	5,549	$1.5M	0.07%
120	ALIBABA GROUP HLDG LTD	BBAAY	10,205	$1.5M	0.07%
121	ISHARES TR	464288257	10,556	$1.5M	0.07%
122	SEAGATE TECHNOLOGY HLDNGS PL	g7997r103	5,132	$1.4M	0.06%
123	NEXTERA ENERGY INC	NEE-PW	16,888	$1.4M	0.06%
124	SCHWAB STRATEGIC TR	808524607	45,053	$1.3M	0.06%
125	COMMUNITY FINANCIAL SYSTEM I	CBU	22,251	$1.3M	0.06%
126	TEXAS INSTRS INC	882508104	7,267	$1.3M	0.06%
127	AIR PRODS & CHEMS INC	AIIR	4,975	$1.2M	0.05%
128	PROGRESSIVE CORP	743315103	5,185	$1.2M	0.05%
129	ILLINOIS TOOL WKS INC	452308109	4,774	$1.2M	0.05%
130	MICRON TECHNOLOGY INC	MU	4,118	$1.2M	0.05%
131	TAIWAN SEMICONDUCTOR MFG LTD	874039100	3,759	$1.1M	0.05%
132	ASTRAZENECA PLC	AZN	10,565	$971,240	0.04%
133	VANGUARD SCOTTSDALE FDS	92206c714	10,380	$958,079	0.04%
134	AUTODESK INC	ADSK	3,183	$942,200	0.04%
135	FIFTH THIRD BANCORP	FITBM	20,000	$936,200	0.04%
136	ISHARES TR	464287804	7,725	$928,390	0.04%
137	TJX COS INC NEW	872540109	6,025	$925,500	0.04%
138	MGM RESORTS INTERNATIONAL	MGM	25,036	$913,564	0.04%
139	PARKER-HANNIFIN CORP	PH	1,019	$895,248	0.04%
140	MALIBU BOATS INC	MBUU	31,650	$892,846	0.04%
141	COSTCO WHSL CORP NEW	COST	985	$849,546	0.04%
142	DANAHER CORPORATION	235851102	3,601	$824,386	0.04%
143	VANGUARD INDEX FDS	922908363	1,255	$786,888	0.03%
144	BLACKROCK INC	BLK	728	$779,208	0.03%
145	UNITED PARCEL SERVICE INC	UPS	7,646	$758,359	0.03%
146	VANECK ETF TRUST	92189f676	2,064	$743,308	0.03%
147	MASTERCARD INCORPORATED	MA	1,235	$705,144	0.03%
148	VANGUARD INTL EQUITY INDEX F	922042866	7,355	$664,892	0.03%
149	VANGUARD WORLD FD	921910816	1,572	$648,874	0.03%
150	AMERIPRISE FINL INC	AMP	1,261	$618,180	0.03%
151	COCA COLA CONS INC	COKE	4,020	$616,278	0.03%
152	NORTHWEST BANCSHARES INC MD	NWBI	51,348	$616,176	0.03%
153	LITMAN GREGORY FDS TR	53700t751	47,916	$614,005	0.03%
154	L3HARRIS TECHNOLOGIES INC	LHX	2,069	$607,396	0.03%
155	PROSHARES TR	74347r107	10,458	$605,727	0.03%
156	STRYKER CORPORATION	SYK	1,714	$602,490	0.03%
157	COMCAST CORP NEW	CCZ	19,850	$593,326	0.03%
158	CAPITAL ONE FINL CORP	COF-PN	2,436	$590,400	0.03%
159	KIMBERLY-CLARK CORP	KMB	5,819	$587,079	0.03%
160	GENERAL DYNAMICS CORP	GD	1,683	$566,493	0.02%
161	OREILLY AUTOMOTIVE INC	ORLY	6,181	$563,769	0.02%
162	ISHARES TR	464287481	4,096	$560,925	0.02%
163	PINNACLE FINL PARTNERS INC	PNFP-PA	5,821	$555,382	0.02%
164	SPDR GOLD TR	GLD	1,396	$553,249	0.02%
165	RELIANCE INC	RS	1,898	$548,275	0.02%
166	PEOPLES FINL SVCS CORP	711040105	11,188	$544,967	0.02%
167	SELECT SECTOR SPDR TR	81369y506	11,958	$534,642	0.02%
168	SCHWAB STRATEGIC TR	808524797	19,475	$534,211	0.02%
169	GOLDMAN SACHS ETF TR	NVGLF	9,787	$517,451	0.02%
170	MARKEL GROUP INC	MKL	239	$513,766	0.02%
171	ENERGY TRANSFER L P	ET-PI	31,091	$512,683	0.02%
172	LAMAR ADVERTISING CO NEW	LAMR	4,044	$511,926	0.02%
173	SPDR SERIES TRUST	78464a797	8,287	$502,938	0.02%
174	FEDEX CORP	FDX	1,741	$502,905	0.02%
175	KKR & CO INC	KKRT	3,817	$486,567	0.02%
176	ISHARES SILVER TR	SLV	7,481	$481,926	0.02%
177	3M CO	MMM	2,999	$480,136	0.02%
178	VANGUARD SPECIALIZED FUNDS	921908844	2,164	$475,604	0.02%
179	ISHARES INC	46434g822	5,801	$468,373	0.02%
180	ISHARES TR	464287473	3,228	$455,358	0.02%
181	OMNICOM GROUP INC	OMC	5,606	$452,684	0.02%
182	VANGUARD SCOTTSDALE FDS	92206c680	3,714	$452,179	0.02%
183	LINDE PLC	LIN	1,056	$450,268	0.02%
184	QUEST DIAGNOSTICS INC	DGX	2,592	$449,790	0.02%
185	POLARIS INC	PII	6,845	$432,946	0.02%
186	JOHNSON CTLS INTL PLC	JCI	3,585	$429,304	0.02%
187	ISHARES TR	46435g334	9,750	$428,805	0.02%
188	SELECT SECTOR SPDR TR	81369y605	7,687	$421,035	0.02%
189	UBER TECHNOLOGIES INC	UBER	5,136	$419,663	0.02%
190	PHILLIPS 66	PSX	3,244	$418,606	0.02%
191	BANK NEW YORK MELLON CORP	064058100	3,599	$417,808	0.02%
192	J P MORGAN EXCHANGE TRADED F	46654q203	7,000	$406,855	0.02%
193	REPUBLIC SVCS INC	760759100	1,912	$405,210	0.02%
194	WW GRAINGER INC	384802104	401	$404,629	0.02%
195	LEGGETT & PLATT INC	LEG	36,542	$401,962	0.02%
196	CBOE GLOBAL MKTS INC	CBOE	1,535	$385,285	0.02%
197	THERMO FISHER SCIENTIFIC INC	TMO	664	$384,755	0.02%
198	ANHEUSER BUSCH INBEV SA/NV	BUDFF	6,005	$384,569	0.02%
199	QUANTA SVCS INC	PWR	909	$383,653	0.02%
200	PALANTIR TECHNOLOGIES INC	PLTR	2,145	$381,274	0.02%
201	GE HEALTHCARE TECHNOLOGIES I	GEHC	4,600	$377,292	0.02%
202	TESLA INC	TSLA	812	$365,173	0.02%
203	US BANCORP DEL	USB-PS	6,764	$360,927	0.02%
204	FERGUSON ENTERPRISES INC	FERG	1,620	$360,619	0.02%
205	VANGUARD WHITEHALL FDS	921946406	2,504	$359,426	0.02%
206	FASTENAL CO	FAST	8,896	$356,996	0.02%
207	AFLAC INC	AFL	3,160	$348,481	0.02%
208	F N B CORP	302520101	19,756	$337,828	0.01%
209	SELECT SECTOR SPDR TR	81369y886	7,800	$332,982	0.01%
210	CARRIER GLOBAL CORPORATION	CARR	6,301	$332,945	0.01%
211	GALLAGHER ARTHUR J & CO	363576109	1,277	$330,475	0.01%
212	ELEVANCE HEALTH INC FORMERLY	ELV	910	$319,000	0.01%
213	DUKE ENERGY CORP NEW	DUKB	2,686	$314,839	0.01%
214	ACCENTURE PLC IRELAND	ACN	1,152	$309,185	0.01%
215	BROOKFIELD ASSET MANAGMT LTD	113004105	5,876	$307,835	0.01%
216	EXPEDITORS INTL WASH INC	302130109	2,044	$304,576	0.01%
217	GENERAC HLDGS INC	GNRC	2,167	$295,514	0.01%
218	CME GROUP INC	CME	1,082	$295,344	0.01%
219	PAYCHEX INC	PAYX	2,577	$289,133	0.01%
220	IONIS PHARMACEUTICALS INC	IONS	3,630	$287,169	0.01%
221	VANECK ETF TRUST	92189f106	3,282	$281,497	0.01%
222	VIATRIS INC	VTRS	22,462	$279,652	0.01%
223	RAYMOND JAMES FINL INC	754730109	1,733	$278,302	0.01%
224	WESBANCO INC	WSBCO	8,316	$276,424	0.01%
225	ISHARES TR	464287648	855	$276,174	0.01%
226	SONY GROUP CORP	SNEJF	10,746	$275,098	0.01%
227	CVS HEALTH CORP	CVS	3,448	$273,633	0.01%
228	BIOGEN INC	BIIB	1,535	$270,145	0.01%
229	CSX CORP	CSX	7,430	$269,346	0.01%
230	TOTALENERGIES SE	TTE	4,095	$267,895	0.01%
231	TRACTOR SUPPLY CO	TSCO	5,281	$264,125	0.01%
232	WORLD GOLD TR	GLD	3,018	$257,647	0.01%
233	BOOKING HOLDINGS INC	BKNG	48	$257,056	0.01%
234	ROSS STORES INC	ROST	1,419	$255,619	0.01%
235	INTUITIVE SURGICAL INC	ISRG	451	$255,428	0.01%
236	FREEPORT-MCMORAN INC	FCX	4,961	$251,969	0.01%
237	SONY GROUP CORP	SNEJF	9,791	$250,650	0.01%
238	ISHARES TR	46434v621	3,599	$249,843	0.01%
239	ZOETIS INC	ZTS	1,977	$248,746	0.01%
240	DARDEN RESTAURANTS INC	DRI	1,338	$246,219	0.01%
241	APTIV PLC	APTV	3,221	$245,086	0.01%
242	VANGUARD INDEX FDS	922908769	728	$244,114	0.01%
243	SHELL PLC	RYDAF	3,321	$244,027	0.01%
244	VANGUARD WORLD FD	92204a702	320	$241,210	0.01%
245	APPLIED MATLS INC	038222105	920	$236,431	0.01%
246	KLA CORP	KLAC	193	$234,510	0.01%
247	SPDR SERIES TRUST	78468r770	2,000	$227,122	0.01%
248	FRANKLIN TEMPLETON ETF TR	FGDL	6,586	$226,888	0.01%
249	BP PLC	BPPFF	6,353	$220,640	0.01%
250	WISDOMTREE TR	WT	4,257	$219,661	0.01%
251	BROOKFIELD CORP	11271j107	4,630	$212,452	0.01%
252	DOMINION ENERGY INC	D	3,625	$212,379	0.01%
253	BECTON DICKINSON & CO	BDX	1,087	$210,954	0.01%
254	ARCHER DANIELS MIDLAND CO	ADM	3,662	$210,528	0.01%
255	SNAP ON INC	SNA	603	$207,794	0.01%
256	AMPLIFY ETF TR	032108664	2,568	$206,390	0.01%
257	HP INC	HPQ	9,192	$204,798	0.01%
258	CENCORA INC	COR	598	$201,974	0.01%
259	FORD MTR CO	345370860	15,352	$201,421	0.01%
260	UTZ BRANDS INC	UTZ	14,100	$146,358	0.01%
261	ALPHA COGNITION INC	ACOG	19,824	$128,856	0.01%
262	DATAVAULT AI INC	DVLT	10,000	$6,521	0.00%