All 41 stocks that Warren Buffett has in the Berkshire Hathaway portfolio

Billionaire investor Warren Buffett has the task of providing shareholders with Berkshire-Hathaway (BRK.A)(BRK.B), the giant conglomerate he heads. Buffett's preferred value creation strategy is to buy good companies outright, but when the timing is right, he will also acquire partial ownership positions through public stock deals.

Investors closely watch Buffett's stock performance for inspiration. He is known for his methodical investment process, and his trades signal where he sees value and where he doesn't. See what insights you can glean from this review of Berkshire Hathaway's entire stock portfolio, overseen by the Oracle of Omaha himself.

Understanding Warren Buffett's investment strategy

Buffett is a value investor who favors proven business models, ironclad competitive advantages and savvy management teams. He chooses reliable companies that he can hold for the long term, in part because he does not believe it is possible to determine the right market timing.

The value approach estimates the intrinsic value of a company and uses that figure to set a maximum purchase price. The target price would include a margin of safety to minimize downside risk and increase upside potential. For example, if Buffett decides that Company A has a fair value of $100 per share, he may not want to pay more than $65 for it. In this case, the margin of safety is 35%.

If Company A's stock is trading at around $100, it is not investable. If a temporary circumstance, such as a stock market crash, pushes the price down to $65, it may be time to buy. This can be seen in weak markets when Berkshire puts more money into stocks.

Our diverse coverage goes beyond breaking news to provide you with unparalleled in-depth insights that empower you to make better-informed decisions. Join Forbes and get unlimited access to cutting-edge strategies, actionable insights and timely analysis from our network of leading financial experts.

Warren Buffett's Top 10 Investments

The SEC requires Berkshire Hathaway to report its public stock holdings quarterly on Form 13F. Berkshire also discloses insider trading on Form 4. The conglomerate is considered an insider if it owns 10% or more of the outstanding shares of another company.

All 41 Warren Buffett stocks listed below are from Berkshire's Form 13F as of June 30, 2024, and subsequent Form 4 filings related to Bank of America (BAC) position. Position values ​​are calculated from the share prices as of September 9, 2024.

The top 10 stocks in Berkshire Hathaway’s portfolio are:

1. Apple (AAPL): $87.37 billion
2. American Express Companies (AXP): $38.09 billion
3. Bank of America (BAC): $34.14 billion
4. Coca-Cola (KO): 28.79 billion US dollars
5. Chevron (CVX): $16.78 billion
6. Occidental Petroleum (OXY): $13.38 billion
7. Moody's (MCA): 11.90 billion US dollars
8. Kraft-Heinz (KHC): $11.73 billion
9. Chubb Limited (CB): $7.88 billion
10. Davita (DVA): $5.44 billion

Other Berkshire Hathaway investments

The values ​​of Berkshire Hathaway's smaller stock positions range from $3.29 billion in Citibank to $9 million in Atlanta Braves Holdings. Notable are several positions in Liberty Media, which has since been restructured to spin off the Sirius XM satellite radio business. Interestingly, the Berkshire portfolio also includes two small S&P 500 ETF positions with a total value of $42 million.

Here are the remaining positions in the Berkshire portfolio after the top 10:

1. Citigroup (C): $3.29 billion
2. Kroger (KR): $2.61 billion
3. visa (V): 2.36 billion US dollars
4. Verisign (VRSN): $2.33 billion
5. MasterCard (MA): $1.94 billion
6. Amazon (AMZN): $1.74 billion
7. Liberty SiriusXM Group (LSXMK): $1.56 billion
8. Nu Holdings Ltd (NU): $1.47 billion
9. Aon PLC (AON): $1.43 billion
10. Capital One Finance (COF): 1.41 billion US dollars
11. Charter Communication (CHTR): $1.25 billion
12. Allied Finance (ALLY): $1.15 billion
13. T-Mobile (TMUS): $911 million
14. Liberty SiriusXM Group (LSXMA): $786 million
15. Formula 1 Group (FWONK): $585 million
16. Louisiana-Pacific (LPX): $561 million
17. Liberty Live Group (LLYVK): $429 million
18. Floor and decorative stocks (FND): $427 million
19. SiriusXM Holdings (SIRI): $355 million
20. Heico (HEI.A): $267 million
21. Ulta Beauty (ULTA): $263 million
22. Liberty Live Group (LLYVA): $191 million
23. NVR (NVR): $102 million
24. Diageo PLC (DEO): $29 million
25. Lennar (LEN.B): $28 million
26. Jefferies Financial Group (JEF): $25 million
27. Freedom Latin America (PURPLE): $24 million
28. Vanguard 500 ETF (VOO
    VOO
    ): 22 million US dollars
29. SPDR S&P 500 ETF (SPY
    PY
    

    SPY
    ): 21 million US dollars

30. Liberty Latin America Class C (LILAK): 12 million dollars
31. Atlanta Braves Holdings (BATRK): $9 million

Recent changes to the portfolio

A comparison of recent filings shows where Buffett is reducing or increasing Berkshire's stock holdings. Form 4 shows several liquidations of Bank of America, reducing the portfolio's share count from more than a billion on June 30, 2024, to about 864 million shares on September 4.

In the second quarter, Berkshire Hathaway also sold 389 million Apple shares and sold positions in Outstanding Global (PARA) and data warehouse providers Snowflake (SNOW). Berkshire also reduced its holdings in Chevron, Capital One Financial, Floor & Décor Holdings and T-Mobile.

Berkshire also opened new positions in Ulta Beauty and aviation supplier Heico during the same period. In addition, the conglomerate increased its stake in Occidental Petroleum by purchasing 7.2 million shares. Berkshire now owns more than 25% of the oil and gas company.

Berkshire also restructured its holdings in Liberty Media and Sirius ahead of the restructuring transactions completed on September 9.

Why is Warren Buffett considered one of the best investors?

Buffett began investing at the age of ten and took the helm of Berkshire Hathaway at 35. At the time, Berkshire was a textile manufacturer. Today, in Buffett's 94th year, Berkshire Hathaway is a diversified holding company and a member of the S&P 500, valued at nearly $1 trillion. Buffett himself has an estimated net worth of $142 billion.

He has documented his time at Berkshire in annual letters to the company's shareholders. Some of Buffett's most memorable quotes come from these letters, mixed in with his updates on various business areas. He also includes a running annual comparison of Berkshire's market value growth and the growth of the S&P 500. There isn't a consistent winner every year, but over time there is a clear winner.

Between 1965 and 2023, Berkshire Hathaway grew by an average of 19.8 percent annually—almost twice as much as the S&P 500 at 10.2 percent. While other investors have significantly outperformed the market, none have done so for as long as Buffett.

He has proven repeatedly that investors don't need to trade a lot or time the market to build wealth. The approach can be much simpler: Buy good companies at cheap prices and hold them indefinitely. In this strategy, compound interest does the heavy lifting to create outsized gains over time.

Read more

Our diverse coverage goes beyond breaking news to provide you with unparalleled in-depth insights that empower you to make better-informed decisions. Join Forbes and get unlimited access to cutting-edge strategies, actionable insights and timely analysis from our network of leading financial experts.