Data status · Using emergency seed prices (table 2026-08-21) — daily feed unavailable · Filings are seeded (EDGAR not yet applied). Emergency seeds dated Aug 21, 2026.
Sources →Private portfolio
Wholly-owned companies valued at the 10-Q reporting-group level. Berkshire does not publish subsidiary earnings, so we do not invent Precision Castparts or Clayton Homes stand-alone numbers. Each group uses H1 2026 annualized earnings × a sector multiple — not the blended 15× on Overview. Constituent companies are listed so you can see what sits inside the estimate.
Private + insurance value
$463.0B
Non-insurance ops
$407.8B
Insurance franchise
$55.2B
One of the largest freight railroads in North America. Class I network across the western United States. Earnings are after interest on BNSF's own bonds.
$100.9B
21.8% of private book
BNSF Railway
Class I freight railroad
2010
Regulated utilities, pipelines, transmission and renewables. Tax credits make GAAP pretax a poor measure of earning power, so the model capitalizes after-tax earnings.
$56.1B
12.1% of private book
PacifiCorp
Regulated electric utility (Pacific Power, Rocky Mountain Power)
MidAmerican Energy
Regulated Iowa utility
NV Energy
Nevada electric & gas
Northern Powergrid
UK electricity distribution
AltaLink
Alberta transmission
BHE Pipeline Group
Northern Natural Gas, Kern River
BHE Renewables
Wind, solar, geothermal
HomeServices of America
Residential real-estate brokerage
Aerospace components, specialty chemicals, metalworking tools and Marmon's diversified industrial portfolio. Includes OxyChem, acquired January 2, 2026 for $9.4B.
$126.2B
27.3% of private book
Precision Castparts
Aerospace castings, forgings, fasteners
2016
Marmon Holdings
Diversified industrial (rail, electrical, plumbing, tank cars)
2008–2013
Lubrizol
Specialty chemicals and additives
2011
IMC (Iscar)
Metal-cutting tools
2006–2013
OxyChem
Chemicals (chlor-alkali, PVC). Acquired from Occidental.
2026
CTB / other industrials
Agriculture equipment, smaller manufacturing
Factory-built housing plus flooring, insulation, paint and engineered building components. Clayton's mortgage book sits here; earnings are after BHFC funding cost.
$42.3B
9.1% of private book
Clayton Homes
Manufactured & site-built housing, mortgage origination
2003
Shaw Industries
Flooring
2000
Johns Manville
Insulation, roofing
2001
Benjamin Moore
Paint
2000
MiTek
Engineered building connectors
Acme Brick
Brick and masonry
RVs, batteries, apparel and other branded consumer goods.
$16.4B
3.5% of private book
Forest River
Recreational vehicles
2005
Duracell
Batteries
2016
Fruit of the Loom
Apparel
2002
Brooks Running
Performance running shoes
Garan / Richline
Apparel and jewelry manufacturing
Aviation training and fractional jets, electronics distribution, and a cluster of smaller service companies.
$43.3B
9.3% of private book
NetJets
Fractional business aviation
1998
FlightSafety International
Pilot and technician training
1996
TTI, Inc.
Electronic components distribution
2007
Business Wire
Press-release distribution
2006
CORT Business Services
Furniture rental
Charter Brokerage
Customs brokerage
Furniture, jewelry, candy and restaurant retail — the original Berkshire collection.
$13.7B
3.0% of private book
Nebraska Furniture Mart
Home furnishings
1983
See's Candies
Boxed chocolate
1972
Dairy Queen
QSR franchise system
1998
Borsheims
Jewelry
1989
Helzberg Diamonds
Jewelry retail
1995
R.C. Willey / Jordan's / Star
Regional furniture
North America's largest travel-center network. Fuel retail is high-revenue, thin-margin. Wholly owned since January 2024.
$3.8B
0.8% of private book
Pilot Flying J
Travel centers, diesel, food service
2017–2024
Wholesale grocery and foodservice distribution to convenience stores, mass merchants and restaurant chains. Very high turnover, very thin margin.
$5.1B
1.1% of private book
McLane Company
Grocery & foodservice wholesale
2003
The compounding engine — float funds the investment column; only after-tax underwriting is capitalized. Full treatment on Insurance.
$55.2B
11.9% of private book
Underwriting franchise multiple