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Warren Buffett’s cannibal stocks

Berkshire Hathaway · 13F for Q2 2026

under 1%of the portfolio in cannibals
4cannibals held
$299.3Bin 29 stock positions

Louisiana-Pacific

LPXUnchanged
$445.6M5,664,793 shares
0.1% of the 13F

Louisiana-Pacific has retired 51.8% of its shares since its peak.

Shares held, 8 quarters
Q3 2024Q2 2026

NVR

NVRUnchanged
$75.7M11,112 shares
<0.1% of the 13F

NVR retired 6.1% of its shares in twelve months, so this stake grew 6.6% without buying a share.

Shares held, 8 quarters
Q3 2024Q2 2026

Jefferies

JEFUnchanged
$21.7M433,558 shares
<0.1% of the 13F

Jefferies retired 1.8% of its shares in twelve months, so this stake grew 1.8% without buying a share.

Shares held, 8 quarters
Q3 2024Q2 2026
$581K3,564 shares
<0.1% of the 13F

D.R. Horton retired 4.2% of its shares in twelve months, so this stake grew 4.4% without buying a share.

Shares held, 8 quarters
Q3 2024Q2 2026

Values as reported in the 13F at quarter end. See the Q2 2026 filing on EDGAR.

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Questions

Which cannibal stocks does Warren Buffett own?

In the Q2 2026 13F, Berkshire Hathaway held LPX, NVR, JEF, DHI. 4 of them are on the Buyback Radar leaderboard.

How much of Warren Buffett's portfolio is in cannibals?

Less than 1% of the $299.3B reported in the Q2 2026 13F.

Where does this data come from?

From Berkshire Hathaway's 13F filings with the SEC, the last eight quarters, amendments applied, options excluded. A 13F shows US-listed stock positions at quarter end and is filed up to 45 days later, so it is a record, not a live portfolio.

How do buybacks help Warren Buffett?

NVR retired 6.1% of its shares in the last twelve months. That alone made every remaining share, including Warren Buffett's 11,112, 6.6% bigger as a slice of the company, without buying anything.

Warren Buffett’s moves in companies like these are covered on Cannibal Stocks.

Read Cannibal Stocks All superinvestors →