Coca-Cola Retains Top Berkshire Hathaway Position Amid Tech Portfolio Shift

Coca-Cola has maintained its status as the third-largest holding in Berkshire Hathaway’s portfolio, representing 9.8% of the conglomerate’s total assets. This position persists despite a broader strategic shift under incoming CEO Greg Abel, who has demonstrated greater comfort with technology investments, recently elevating Apple and Alphabet into the top five holdings.

The retention of the stake is underpinned by robust financial performance and consistent cash generation from the beverage maker. In 2025, Coca-Cola reported net revenue of $47.9 billion, providing the liquidity required to sustain its dividend policy. The company has increased its dividend payout for 64 consecutive years, securing its classification as a Dividend King, an elite designation for firms that have raised dividends for at least five decades.

For Berkshire Hathaway, the financial return on this long-term position is substantial. The conglomerate holds approximately 400 million shares of Coca-Cola stock. Based on an annual payout of $2.12 per share, Berkshire generates roughly $848 million in dividend income each year. This figure represents a 65% yield on Berkshire’s original investment of $1.3 billion in the company.

Capital appreciation has further bolstered the value of the holding. In 2026, Coca-Cola’s stock price climbed 24.5%, outperforming the S&P 500, which returned 13.3% over the same period. The combination of strong equity growth and reliable dividend streams provides a compelling rationale for Abel to keep the beverage giant as a core component of the portfolio.

While the Motley Fool’s Stock Advisor analyst team excluded Coca-Cola from their current list of 10 best stocks to buy, citing a preference for different long-term growth opportunities, the institutional holding remains secure. The Motley Fool disclosed positions in Alphabet, Apple, and Berkshire Hathaway at the time of publication.