Berkshire Asset Management, Llc
- Regulatory AUM
- $2.8B
- Discretionary
- $2.7B
- Clients
- 2,479
- Avg AUM / client
- $1.1M
- Accounts
- 2,486
- Employees
- 11
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Investments (13F portfolio — 264 positions, $2,332,089,484)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Jpmorgan Chase & Co | COM | $101,879,289 | 346,340 | 4.37% | 3.65% |
| 2 | Abbvie Inc | COM | $82,835,475 | 380,870 | 3.55% | 2.97% |
| 3 | Chevron Corporation | COM | $81,473,627 | 393,783 | 3.49% | 2.92% |
| 4 | Apple Inc | COM | $71,506,975 | 281,756 | 3.07% | 2.56% |
| 5 | Microsoft Corp | COM | $70,463,668 | 190,355 | 3.02% | 2.53% |
| 6 | Cisco Sys Inc | COM | $66,855,943 | 861,657 | 2.87% | 2.4% |
| 7 | Johnson & Johnson | COM | $61,046,707 | 249,741 | 2.62% | 2.19% |
| 8 | Nucor Corp | COM | $60,886,915 | 360,065 | 2.61% | 2.18% |
| 9 | Bank America Corp | COM | $57,205,304 | 1,173,442 | 2.45% | 2.05% |
| 10 | Waste Mgmt Inc Del | COM | $54,846,393 | 238,681 | 2.35% | 1.97% |
| 11 | Te Connectivity Plc | ORD SHS | $52,387,522 | 250,634 | 2.25% | 1.88% |
| 12 | Lockheed Martin Corp | COM | $51,951,065 | 85,956 | 2.23% | 1.86% |
| 13 | Dell Technologies Inc | CL C | $51,148,233 | 311,632 | 2.19% | 1.83% |
| 14 | M & T Bk Corp | COM | $50,492,595 | 244,256 | 2.17% | 1.81% |
| 15 | Honeywell Intl Inc | COM | $48,833,096 | 216,047 | 2.09% | 1.75% |
| 16 | Walmart Inc | COM | $47,750,883 | 384,220 | 2.05% | 1.71% |
| 17 | Norfolk Southn Corp | COM | $44,697,322 | 155,740 | 1.92% | 1.6% |
| 18 | Ppl Corp | COM | $44,038,756 | 1,152,847 | 1.89% | 1.58% |
| 19 | Chubb Ltd Switz | COM | $41,931,599 | 128,652 | 1.8% | 1.5% |
| 20 | Pnc Finl Svcs Group Inc | COM | $41,466,737 | 199,273 | 1.78% | 1.49% |
| 21 | Emerson Elec Co | COM | $41,412,276 | 316,076 | 1.78% | 1.48% |
| 22 | Kinder Morgan Inc Del | COM | $40,996,441 | 1,222,679 | 1.76% | 1.47% |
| 23 | Eog Res Inc | COM | $40,850,184 | 282,563 | 1.75% | 1.46% |
| 24 | Deere & Co | COM | $40,640,545 | 72,147 | 1.74% | 1.46% |
| 25 | Mcdonalds Corp | COM | $39,739,808 | 127,867 | 1.7% | 1.42% |
Top 25 of 264 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 4 | $1.2M | 0.04% |
| High net worth individuals | 2,318 | $2.4B | 84.7% |
| Investment companies | 1 | $8.7M | 0.31% |
| Pooled investment vehicles (non-investment companies) | 2 | $28.3M | 1.01% |
| Pension and profit sharing plans | 63 | $70.2M | 2.52% |
| Charitable organizations | 64 | $206M | 7.4% |
| Insurance companies | 1 | $20.8M | 0.74% |
| Corporations and other businesses | 26 | $91.7M | 3.29% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Apr 2024 · $8.0M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Berkshire Partnership | Hedge Fund | Pennsylvania | $5.9M | 4 |
| Berkshire Growth Fund | Other Private Fund | Pennsylvania | $2.1M | 50 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Sheet Metal Workers Local 44 Annuity Fund Trustees Of The Sheet Metal Workers Local 44 | Wilkes Barre, PA | 2024 |
| Sheet Metal Workers Local #44 Retirement Income Plan Sheet Metal Workers Local #44 Retirement Income Plan | Wilkes Barre, PA | 2024 |
| Colours, Inc. 401(k) Plan Colours, Inc. | 2024 |
People (7)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Kenneth John Krogulski | President, Ceo, Cio And Managing Member | Jul 2007 (19y) | 25% – 50% | |
| Gerard Mihalick | Vice President And Member | Oct 2007 (19y) | 5% – 10% | |
| Michael Durkin Weaver | Vice President And Member | Oct 2007 (19y) | 10% – 25% | |
| Gregory Cameron Weaver | Vice President And Member | CFA | Nov 2007 (19y) | Less than 5% |
| Jason J Reilly | Vice President And Class C Member | CFP | Dec 2015 (11y) | Less than 5% |
| Martin, Charles, Daniel | Chief Compliance Officer | Jan 2020 (7y) | Less than 5% | |
| Rachel L Ames | Registered representative | CFA | Apr 2024 (2y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Im Square Holding 10 Llc | Class B Member | Dec 2022 | A | 25% – 50% |
| Im Square Partners Holding | Parent | Oct 2022 | B | ≈ 18.75% – 50% via Im Square Holding 10 Llc |
| Im Square Sas | Parent | Oct 2020 | B | ≈ 14.06% – 50% via Im Square Partners Holding |
| Eurazeo Se | Holding Company | Apr 2014 | B | ≈ 5.27% – 37.5% via Legendre Holding 36 |
| Legendre Holding 36 | Holding Company | Jun 2015 | B | ≈ 7.03% – 37.5% via Im Square Sas |
| Jc Decaux Holdings | Shareholder | Jan 2022 | B | ≈ 1.32% – 18.75% via Eurazeo Se |
Undisclosed: 0% – 35% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Im Square Partners Holding: 75% – 100% of Im Square Holding 10 Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Im Square Sas: 75% – 100% of Im Square Partners Holding × 75% – 100% of Im Square Holding 10 Llc × 25% – 50% direct ≈ 14.06% – 50% of the firm
- Eurazeo Se: 75% – 100% of Legendre Holding 36 × 50% – 75% of Im Square Sas × 75% – 100% of Im Square Partners Holding × 75% – 100% of Im Square Holding 10 Llc × 25% – 50% direct ≈ 5.27% – 37.5% of the firm
- Legendre Holding 36: 50% – 75% of Im Square Sas × 75% – 100% of Im Square Partners Holding × 75% – 100% of Im Square Holding 10 Llc × 25% – 50% direct ≈ 7.03% – 37.5% of the firm
- Jc Decaux Holdings: 25% – 50% of Eurazeo Se × 75% – 100% of Legendre Holding 36 × 50% – 75% of Im Square Sas × 75% – 100% of Im Square Partners Holding × 75% – 100% of Im Square Holding 10 Llc × 25% – 50% direct ≈ 1.32% – 18.75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $8.0M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Berkshire Partnership | Hedge Fund | $5.9M | $100K | 4 |
| Berkshire Growth Fund | Other Private Fund | $2.1M | $25.0K | 50 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (3)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Sheet Metal Workers Local 44 Annuity Fund | Trustees Of The Sheet Metal Workers Local 44 | 253 | $51.2M | 01/01/2024 |
| Sheet Metal Workers Local #44 Retirement Income Plan | Sheet Metal Workers Local #44 Retirement Income Plan | 181 | $35.2M | 01/01/2024 |
| Colours, Inc. 401(k) Plan | Colours, Inc. | 252 | $6.1M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 1.51 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- Charles Schwab & Co. $1.7B (60% of AUM) Mar 2026
- Wells Fargo $1.3B (46% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗