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Warren Buffett’s cannibal stocks.
In the 13F for Q2 2026, Berkshire Hathaway Inc reported 29 stock positions worth $299.3B. 4 of them are companies we track as cannibals: LPX, NVR, JEF, DHI, less than 1% of the reported portfolio.
| Company | Shares | Value | Of 13F | Last quarter | Shares retired, 12 mo | Stake growth from buybacks |
|---|---|---|---|---|---|---|
 Louisiana-PacificLPX | 5,664,793 | $445.6M | 0.1% | unchanged | -0.4% | — |
 NVRNVR | 11,112 | $75.7M | <0.1% | unchanged | 6.1% | +6.6% |
 JefferiesJEF | 433,558 | $21.7M | <0.1% | unchanged | 1.8% | +1.8% |
 D.R. HortonDHI | 3,564 | $581K | <0.1% | new position | 4.2% | +4.4% |
Stake growth from buybacks is how much bigger each share became as a slice of the company because the company retired its own stock over the last twelve months. Values as reported in the 13F at quarter end. The Q2 2026 filing on EDGAR.
Eight quarters of shares held
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| LPX | 6.0M | 5.7M | 5.7M | 5.7M | 5.7M | 5.7M | 5.7M | 5.7M |
| NVR | 11,112 | 11,112 | 11,112 | 11,112 | 11,112 | 11,112 | 11,112 | 11,112 |
| JEF | 433,558 | 433,558 | 433,558 | 433,558 | 433,558 | 433,558 | 433,558 | 433,558 |
| DHI | — | — | 1.5M | 1.5M | 0 | — | — | 3,564 |
| AON | 4.1M | 4.1M | 4.1M | 4.1M | 4.1M | 3.6M | 0 | — |
| DPZ | 1.3M | 2.4M | 2.6M | 2.6M | 3.0M | 3.4M | 0 | — |
Warren Buffett and the cannibals, answered
Which cannibal stocks does Warren Buffett own?
In the Q2 2026 13F, Berkshire Hathaway Inc 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 Inc's 13F-HR filings with the SEC, the last eight quarters, amendments applied. Options are excluded. A 13F shows US-listed stock positions at quarter end, 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 →