Warren Buffett Stocks: What’s Inside Berkshire Hathaway’s Portfolio?

You need to keep up on Warren Buffett stocks, because while the Berkshire Hathaway (BRKB) chief sticks to a winning investing formula, that doesn’t mean sitting still.




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In Q2, Berkshire Hathway opened stakes in homebuilders D.R. Horton (DHI), Lennar (LEN) and NVR (NVR) for the first time.

Among other key Q2 moves, Berkshire further grew its hefty position in Occidental Petroleum (OXY) and further cut its stake in Chevron (CVX), according to Berkshire’s latest quarterly 13F filing, as tracked by whalewisdom.com.

In Q2, the Buffett-led company made no changes to its two largest stock holdings: Apple (AAPL) and Bank of America (BAC).

Apple stock is the No. 1 holding in Berkshire’s Dow stocks-heavy portfolio by market value. It is the No. 2 holding by number of shares, behind Bank of America.

 

The conglomerate also kept other big and long-held positions steady. Those holdings include Kraft Heinz (KHC), Coca-Cola (KO) and American Express (AXP).

Buffett has owned KO stock and AXP stock since Q1 2001, for example.

Check back for updates on Buffett’s stock buys and sells in Q3. Regulatory 13F filings for the third quarter are due Nov. 14. Berkshire’s Q3 earnings report is due Saturday.

Top Warren Buffett Stocks By Size

At the end of June, these were the top 10 Warren Buffett stocks by number of shares, according to its latest quarterly 13F, released on Aug. 14:

  • Bank of America (BAC), 1.03 billion
  • Apple (AAPL), 915.6 million
  • Coca-Cola (KO), 400 million
  • Kraft Heinz (KHC), 325.6 million
  • Occidental Petroleum (OXY), 224.1 million
  • American Express (AXP), 151.6 million
  • Chevron (CVX), 123.1 million
  • HP (HPQ), 120.9 million
  • Nu Holdings (NU), 107.1 million
  • Paramount Global (PARA), 93.7 million

Berkshire Hathaway Investment Strategy

Buffett is known as a buy-and-hold investor, hanging on to stocks for years and even decades. But there has been rapid turnover lately.

The investing legend ditched Capital One Financial (COF) in Q2 2023, after opening a bet on the financial company just the prior quarter.

In 2022 and 2021, Berkshire Hathaway dumped various drug and biotech stocks, not long after opening stakes in those drug stocks.

In 2020, Berkshire sold all its airlines stocks amid the coronavirus hit to global air travel, again not long after buying them.

Top Buffett stocks tend to be dividend growers. Take Coca-Cola stock, which Buffett began gathering in 1988 and which has grown dividends for 61 years in a row.

Between 1965 and 2022, the widely followed Berkshire Hathaway portfolio posted a 19.8% compound annual gain, double that of the S&P 500 index, with dividends included.

Apple Stock Is No. 1 By Value

While Bank of America is the No. 1 Warren Buffett stock by number of shares, Apple is the No. 1 stock in Berkshire’s portfolio by market value. That stake was worth a whopping $177.6 billion at the end of June 2023.

Apple stock now makes up more than half (51%) of Berkshire’s total equity portfolio, up from 6% at the end of 2016. It accounts for a big chunk of the portfolio’s surge in value over that period.

The Oracle of Omaha is a major institutional owner of AAPL stock, which you could call the poster child for Warren Buffett stocks due to its strong earnings, returns and management.

Warren Buffett Investment Strategy

Investor’s Business Daily created a screen of stocks based on the Buffett investment strategy.

IBD generally uses a different stock-picking strategy than Warren Buffett does. But companies owned by Buffett can sometimes be found on the IBD Leaderboard and IBD 50 list of top growth stocks.

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