Warren Buffett and his team at Berkshire Hathaway have a collection of stocks in their portfolio. Some are well-known companies, while others are newer and less famous. Let’s take a closer look at all the Warren Buffett stocks.
The Berkshire Hathaway portfolio has gone through some big changes recently. While traditional favorites like American Express and Coca-Cola still make up a significant part of the portfolio, Buffett and his team have also added newer names like Apple and Amazon, along with lesser-known companies like Snowflake and Nu Holdings.
One thing that hasn’t changed is Buffett’s preference for keeping the portfolio focused. The top five holdings make up 78% of the portfolio’s total value, and the top ten account for 90%. However, the types of companies in those top spots have shifted in response to changes in the investment landscape brought about by the COVID-19 pandemic.
At the beginning of 2020, Buffett held airline stocks, but now he has none. Banks were among his top picks in early 2020, but he has reduced his exposure to them in the past couple of years. And while he was once enthusiastic about select pharmaceutical companies, most of those positions have been closed out.
What you'll learn:
➤ Berkshire Hathaway Portfolio
If you want to know which stocks Warren Buffett believes are worth his attention, just look at the Berkshire Hathaway portfolio. Keep in mind that some of these stocks were selected by co-portfolio managers Todd Combs and Ted Weschler.
| Company | Ticker | Shares Held | Holding Value | Percent of Portfolio |
|---|---|---|---|---|
| Apple | AAPL | 915,560,382 | $177,591,247,296 | 51.00% |
| Bank of America | BAC | 1,010,100,606 | $29,632,524,052 | 8.51% |
| American Express | AXP | 151,610,700 | $26,410,583,940 | 7.59% |
| Coca-Cola | KO | 400,000,000 | $24,088,000,000 | 6.92% |
| Chevron | CVX | 123,120,120 | $19,372,950,883 | 5.56% |
| Occidental Petroleum | OXY | 224,129,192 | $13,178,796,490 | 3.78% |
| Kraft Heinz | KHC | 325,634,818 | $11,560,036,039 | 3.32% |
| Moody’s | MCO | 24,669,778 | $8,578,175,206 | 2.46% |
| HP | HPQ | 120,952,818 | $3,714,461,041 | 1.07% |
| DaVita | DVA | 36,095,570 | $3,626,521,918 | 1.04% |
| Verisign | VRSN | 12,815,613 | $2,895,944,070 | 0.83% |
| Citigroup | C | 55,244,797 | $2,543,470,454 | 0.73% |
| Kroger | KR | 50,000,000 | $2,350,000,000 | 0.67% |
| Visa | V | 8,297,460 | $1,970,480,801 | 0.57% |
| Mastercard | MA | 3,986,648 | $1,567,948,658 | 0.45% |
| Aon | AON | 4,335,000 | $1,496,442,000 | 0.43% |
| Paramount Global | PARA | 93,730,975 | $1,491,259,813 | 0.43% |
| Liberty Sirius XM Group Class C | LSXMK | 43,208,291 | $1,414,207,364 | 0.41% |
| Charter Communications | CHTR | 3,828,941 | $1,406,638,055 | 0.40% |
| Amazon.com | AMZN | 10,551,000 | $1,375,428,360 | 0.40% |
| Capital One Financial | COF | 12,471,030 | $1,363,956,551 | 0.39% |
| Activision Blizzard | ATVI | 14,658,121 | $1,235,679,601 | 0.35% |
| Snowflake | SNOW | 6,125,376 | $1,077,943,668 | 0.31% |
| General Motors | GM | 22,000,000 | $848,320,000 | 0.24% |
| Nu Holdings | NU | 107,118,784 | $845,167,206 | 0.24% |
| Ally Financial | ALLY | 29,000,000 | $783,290,001 | 0.23% |
| T-Mobile US | TMUS | 5,242,000 | $728,113,800 | 0.21% |
| D.R. Horton | DHI | 5,969,714 | $726,454,496 | 0.21% |
| Liberty Sirius XM Group Class A | LSXMA | 20,207,680 | $663,013,981 | 0.19% |
| Markel | MKL | 471,661 | $652,392,063 | 0.19% |
| Celanese | CE | 5,358,53 | $620,518,352 | 0.18% |
| Formula One Group | FWONK | 7,722,451 | $581,346,111 | 0.17% |
| Louisiana Pacific | LPX | 7,044,909 | $528,227,277 | 0.15% |
| Floor & Decor | FND | 4,780,000 | $469,491,600 | 0.14% |
| Globe Life | GL | 2,515,574 | $275,757,222 | 0.08% |
| StoneCo | STNE | 10,695,448 | $136,260,008 | 0.04% |
| NVR | NVR | 11,112 | $70,568,089 | 0.02% |
| Johnson & Johnson | JNJ | 327,100 | $54,141,592 | 0.02% |
| Procter & Gamble | PG | 315,400 | $47,858,796 | 0.01% |
| Mondelez International | MDLZ | 578,000 | $42,159,320 | 0.01% |
| Diageo | DEO | 227,750 | $39,510,070 | 0.01% |
| Liberty Latin America Class A | LILA | 2,630,792 | $23,019,430 | 0.01% |
| Vanguard S&P 500 ETF | VOO | 43,000 | $17,513,040 | 0.01% |
| SPDR S&P 500 Trust ETF | SPY | 39,400 | $17,465,232 | 0.01% |
| Lennar | LEN | 152,572 | $17,237,585 | 0.01% |
| Jefferies Financial Group | JEF | 433,558 | $14,381,119 | less than 0.01% |
| Liberty Latin America Class C | LILAK | 1,284,020 | $11,068,252 | less than 0.01% |
| United Parcel Service | UPS | 59,400 | $10,647,450 | less than 0.01% |
➤ What Stocks Is Warren Buffett Buying?
Warren Buffett’s Berkshire Hathaway recently invested in a few companies during the second quarter of 2023:
- D.R. Horton (DHI): Berkshire Hathaway bought 6 million shares worth $726.5 million as of June 30. DHI is now the company’s 28th largest position, making up 0.2% of the portfolio.
- NVR (NVR): Berkshire purchased 11,112 shares worth $70.6 million as of June 30. NVR is now the 37th largest position in the portfolio, accounting for 0.02% of its value.
- Lennar (LEN.B): Berkshire acquired 152,572 shares worth $17.3 million as of June 30. LEN.B is the 45th largest position, making up 0.01% of the portfolio.
Buffett has always had an interest in the U.S. housing market, and these new investments align with Berkshire’s existing holdings in related industries like building materials and specialty retail.
In addition to these housing-related stocks, Buffett increased Berkshire’s investment in Occidental Petroleum (OXY) by 5%, adding 12.4 million shares. OXY now accounts for 3.8% of Berkshire’s portfolio, ranking as its sixth largest holding.
Buffett also raised Berkshire’s stake in Capital One Financial (COF) by 25%, bringing it to 12.5 million shares worth $1.4 billion as of the end of the second quarter. COF makes up 0.4% of the portfolio and is the 21st largest holding.
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➤ What Stocks Is Warren Buffett Selling?
On the selling side of Berkshire’s portfolio, the company reduced its position in General Motors (GM) by 45%, now holding 22 million shares worth $848.3 million as of June 30.
Berkshire also trimmed its stake in Chevron (CVX) by 7% to 123.1 million shares worth $19.4 billion as of June 30. Despite the reduction, Chevron remains Berkshire’s fifth largest holding, accounting for 5.6% of the portfolio.
Buffett also significantly reduced Berkshire’s position in video game publisher Activision Blizzard (ATVI) by 70% to 14.7 million shares worth $1.2 billion. This move was not due to a loss of confidence but rather a strategic decision related to ATVI’s acquisition by Microsoft, pending approval by U.K. authorities.
Other reductions included Berkshire’s stake in Celanese (CE), which was cut by 39% to 5.4 million shares worth $620.5 million as of June 30, and a 60% reduction in Globe Life (GL), which now ranks 35th in Berkshire Hathaway’s equity portfolio.
Finally, Berkshire exited positions in pharmaceutical distributor McKesson (MCK), insurance company Marsh & McLennan (MMC), and Vitesse Energy (VTS). Berkshire’s investment in VTS came through its position in Jefferies Financial (JEF), which spun off the energy firm to shareholders.
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➤ 10 Largest Warren Buffett Stocks
1️⃣ Apple
- Shares Held: 915,560,382
- Holding Value: $177,591,247,296
- Percent of Portfolio: 51.0%
Warren Buffett’s affinity for Apple (AAPL) remains unwavering. In the first quarter of 2022, Berkshire added 3.8 million shares to its already substantial holdings. Buffett even expressed regret that he didn’t buy more when the stock briefly dipped.
Apple is now considered one of Berkshire’s top businesses, representing over 40% of the portfolio and making Berkshire the third-largest investor in the company.
2️⃣ Bank of America
- Shares Held: 1,010,100,606
- Holding Value: $29,632,524,052
- Percent of Portfolio: 8.51%
Buffett’s commitment to Bank of America (BAC) dates back to 2011 when he came to the aid of the bank during the financial crisis.
Berkshire Hathaway received preferred stock and warrants, which proved to be a lucrative investment. Despite some reductions in other bank holdings, Berkshire increased its BAC stake by 23 million shares in Q1 2023.
3️⃣ American Express
- Shares Held: 151,610,700
- Holding Value: $26,410,583,940
- Percent of Portfolio: 7.59%
American Express (AXP) holds a special place in Buffett’s heart, with Berkshire’s initial investment dating back to 1963.
Buffett has consistently supported AXP during times of financial turmoil, earning Berkshire the status of the largest shareholder. The stock has rewarded investors with a significant total return over the years.
4️⃣ Coca-Cola
- Shares Held: 400,000,000
- Holding Value: $24,088,000,000
- Percent of Portfolio: 6.92%
Buffett’s interest in Coca-Cola (KO) began in 1987, and he expressed his intention to hold onto the stock for the long term. Berkshire is the largest shareholder of KO, and the company has been a consistent performer, providing both capital appreciation and dividend growth.
5️⃣ Chevron
- Shares Held: 123,120,120
- Holding Value: $19,372,950,883
- Percent of Portfolio: 5.56%
Buffett’s relationship with Chevron (CVX) had its ups and downs, but it’s now evident that he’s a strong supporter of the integrated energy company. Berkshire significantly increased its CVX stake in recent quarters after some fluctuations, making it the fifth-largest holding in the portfolio.
6️⃣ Occidental Petroleum
- Shares Held: 224,129,192
- Holding Value: $13,178,796,490
- Percent of Portfolio: 3.78%
Occidental Petroleum (OXY) has received consistent attention from Warren Buffett. Berkshire increased its stake in OXY in Q2 2023, reinforcing Buffett’s affinity for the company. Berkshire owns over a quarter of OXY’s common shares and has approval to acquire up to 50%.
7️⃣ Kraft Heinz
- Shares Held: 325,634,818
- Holding Value: $11,560,036,039
- Percent of Portfolio: 3.32%
Warren Buffett played a role in the merger of Kraft and Heinz to form Kraft Heinz (KHC) in 2015. Despite facing challenges, including significant write-downs, KHC remains one of Berkshire’s larger stock investments.
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8️⃣ Moody’s
- Shares Held: 24,669,778
- Holding Value: $8,578,175,206
- Percent of Portfolio: 2.46%
Moody’s (MCO) is a long-standing investment in Berkshire’s portfolio, with Buffett holding onto his stake since 2001. Despite Buffett’s assertion that Berkshire rates credit internally, the company is the largest institutional holder of MCO.
9️⃣ HP
- Shares Held: 120,952,818
- Holding Value: $3,714,461,041
- Percent of Portfolio: 1.07%
Berkshire deployed a substantial amount of cash in Q1 2022 to establish a sizable position in HP (HPQ). The investment in the PC and printer maker aligns with Buffett’s value investment philosophy, considering HPQ’s steady free cash flow and dividend history.
🔟 DaVita
- Shares Held: 36,095,570
- Holding Value: $3,626,521,918
- Percent of Portfolio: 1.04%
DaVita (DVA) has been a relatively stable holding in Berkshire Hathaway’s portfolio. While there were some reductions in the position in 2020, Buffett left it untouched in subsequent years. DaVita operates dialysis centers and benefits from demographic trends, particularly the aging population.
➤ Final thoughts
These investments showcase Warren Buffett’s long-term approach to stock investing and his willingness to adapt to changing market conditions.
In summary, Warren Buffett’s Berkshire Hathaway portfolio consists of a mix of old favorites and newer additions.
While some stocks have been sold, others have been bought or increased. Buffett’s investment strategy remains focused on companies with long-term potential, even as the portfolio evolves to adapt to changing market conditions.
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