Warren Buffett’s Berkshire Hathaway revealed that 75% of his stock portfolio was concentrated in just five names. Here’s a look at these huge bets from the legendary investor. The “Oracle of Omaha” held its top five holdings unchanged last quarter as the stock market experienced heightened volatility amid rising interest rates and recession fears. Berkshire posted a $53.6 billion loss from investments and derivatives during the market turmoil. Buffett asked investors not to focus on the quarterly fluctuations in his stock investments. At the end of 2022, Apple remained by far Berkshire’s largest holding, valued at $119 billion. Buffett has called Apple the second most important company after Berkshire’s insurance cluster and said he is a fan of CEO Tim Cook’s stock buyback strategy. Shares of Apple fell about 27% last year, underperforming the S&P 500, which fell nearly 20% for its worst year since 2008. Chevron was the conglomerate’s third-largest holding company at $30 billion. Berkshire significantly ramped up its energy commitment last year. The stock beat the market in 2022 with a 53% rally. Other big bets included Coca-Cola, American Express, and Bank of America, which have long been Buffett’s holdings. Buffett also revealed that Berkshire was the majority owner of 8 major companies: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global. The 92-year-old investor increased his position in Occidental to more than 21% last year. In August, Berkshire received regulatory approval to buy up to 50%, sparking speculation that it could eventually buy the entire Occidental in Houston.
Warren Buffett’s stock portfolio is focused on just 5 stocks. Here they are