# Who does Berkshire Hathaway pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/berkshire-hathaway · Facet: suppliers · Updated: 2026-10-11T16:14:57.796+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Berkshire Hathaway discloses no named confirmed suppliers/cost counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 cost edges, backed by 1 dated sources, 1 of them primary filings (as of 2026-10-11).

### 유나이티드헬스 그룹 (high)  → /unitedhealth-group.md
- metric: Count 5,039,564 shares · 2025-06-30 · Sum of Berkshire Hathaway's two UnitedHealth Group share positions reported on Form 13F
- note: Berkshire Hathaway first disclosed a 5,039,564-share position in UnitedHealth Group in its Form 13F for the quarter ended June 2025. The two reported lines had an aggregate filing value of about $1.572 billion.
- [confirms] The Korea Economic Daily (KO, news, published 2025-08-15) https://www.hankyung.com/article/2025081529471: "Berkshire bought more than five million UnitedHealth shares, valued at about $1.6 billion."
- [confirms] SEC EDGAR (EN, filing, published 2025-08-14) https://www.sec.gov/Archives/edgar/data/1067983/000095012325008343/xslForm13F_X02/43977.xml: "The filing reports UnitedHealth Group positions of 1,954,900 shares and 3,084,664 shares."

### Apple (high)  → /apple.md
- metric: equity stake 57.84$B · 227,917,808 shares, ~1.5% of Apple
- note: Berkshire's single largest equity position: 227.9M Apple shares worth $57.84B as of 2026-03-31 (~1.5% of Apple). Trimmed ~2/3 in 2024, then reduced slightly further in 2025-26 while keeping it the top holding.
- [confirms] SEC EDGAR (EN, filing, published 2026-05-15) https://www.sec.gov/Archives/edgar/data/1067983/000119312526226661/53405.xml: "APPLE INC ... value 57,843,260,493 ... shares 227,917,808."
- [confirms] CNBC (EN, news, published 2025-11-03) https://www.cnbc.com/2025/11/03/warren-buffett-may-have-again-cut-berkshires-stake-in-apple-in-q3-.html: "Warren Buffett may have again cut Berkshire's stake in Apple in Q3."

### 보험 청구·사업 운영비 (high)
- metric: cost 44.49$B · FY2025 · operating earnings (context)
- note: Insurance losses/expenses and operating costs of subsidiaries. FY2025 operating earnings $44.49B (down YoY).
- [confirms] SEC EDGAR (EN, filing, published 2026-03-02) https://www.sec.gov/Archives/edgar/data/1067983/000119312526083899/brka-20251231.htm: "Operating earnings $44.49B (FY2025)."

### 아메리칸 익스프레스 (high)  → /american-express.md
- metric: Market share 22.5 percent · 2026-06-30 · Berkshire ownership of American Express shares outstanding
- note: Berkshire Hathaway owned 151.6 million American Express shares at June 30, 2026, representing 22.5% of shares outstanding. The stake was re-verified against the latest quarterly filing.
- [confirms] SEC EDGAR (EN, filing, published 2026-08-08) https://www.sec.gov/Archives/edgar/data/1067983/000119312526341032/brka-20260630.htm: "As of June 30, 2026, we owned 151.6 million shares of American Express ... representing 22.5% of the outstanding common stock."

### 알파벳 (구글) (high)  → /alphabet.md
- metric: equity stake 16.63$B · 57,835,013 shares
- note: Berkshire opened an Alphabet position in Q3 2025 and increased it to 57.8M shares worth $16.63B by Q1 2026. The exception to its AI avoidance and its only hyperscaler bet.
- [confirms] SEC EDGAR (EN, filing, published 2026-05-15) https://www.sec.gov/Archives/edgar/data/1067983/000119312526226661/53405.xml: "ALPHABET INC ... value 16,628,526,688 ... shares 57,835,013."

### 미쓰비시상사 (일본 상사) (high)  → /mitsubishi.md
- metric: Market share 10.23%
- note: 10%+ long-term stake in a top-five Japanese trading house.
- [confirms] CNBC (EN, news, published 2025-03-17) https://www.cnbc.com/2025/03/17/buffett-hikes-stakes-in-five-japanese-trading-houses-to-almost-10percent-each.html: "Berkshire owns 10%+ of 미쓰비시상사."

### 이토추 (일본 상사) (high)  → /itochu.md
- metric: Market share 10%
- note: 10%+ long-term stake in a top-five Japanese trading house.
- [confirms] CNBC (EN, news, published 2025-03-17) https://www.cnbc.com/2025/03/17/buffett-hikes-stakes-in-five-japanese-trading-houses-to-almost-10percent-each.html: "Berkshire owns 10%+ of 이토추."

### 크래프트 하인즈 (high)  → /kraft-heinz.md
- note: Berkshire Hathaway owned approximately 27.5% of Kraft Heinz common stock as of January 16, 2026, and although its shares were registered for potential resale that month, the SEC filing states that registration did not itself constitute a sale.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-12) https://www.sec.gov/Archives/edgar/data/1637459/000163745926000009/khc-20251227.htm: "As of January 16, 2026, Berkshire Hathaway owns approximately 27.5% of our common stock."
- [confirms] KB Securities (KO, research, published 2026-01-22) https://file.alphasquare.co.kr/media/pdfs/market-report/1/2220260122KB%EC%A6%9D%EA%B6%8C.: "Kraft Heinz fell on the possibility that Berkshire Hathaway could sell most of its 27.5% stake."
- [confirms] SEC EDGAR (EN, filing, published 2026-01-20) https://www.sec.gov/Archives/edgar/data/1637459/000110465926005089/tm263595-1_424b7.htm: "Berkshire Hathaway Inc. held 325,442,152 shares, representing 27.5% of common stock before the offering."

### 베리사인 (high)  → /verisign.md
- note: Berkshire Hathaway shared voting and dispositive power with Warren Buffett over 8,989,880 Verisign shares as of September 30, 2025, and Verisign's 2026 proxy reported the stake as 9.87%.
- [confirms] U.S. Securities and Exchange Commission EDGAR (EN, filing, published 2026-04-09) https://www.sec.gov/Archives/edgar/data/1014473/000101447326000013/vrsn-20260409.htm: "Berkshire Hathaway, Inc. ... 8,989,880 ... 9.87%"

### 자본적 지출 (BNSF·BHE 인프라) (mid)
- note: Heavy capital expenditure at BNSF railroad and BHE utilities (infrastructure maintenance and expansion).
- [confirms] SEC EDGAR (EN, filing, published 2026-03-02) https://www.sec.gov/Archives/edgar/data/1067983/000119312526083899/brka-20251231.htm: "Capital expenditure in the railroad and energy segments."

Reverse side: https://valuechain.wiki/berkshire-hathaway/customers.md · Ripple: https://valuechain.wiki/berkshire-hathaway/ripple.md

---
Full node: https://valuechain.wiki/berkshire-hathaway.md · JSON: https://valuechain.wiki/berkshire-hathaway.json