In this article, we will look at Warren Buffett’s top portfolio holdings. For a quick overview of his top holdings in 2024, read our article Warren Buffett 2024 Portfolio: Top 12 Stock Picks.
Known and admired for his success, wealth and philanthropy, Warren Buffett is still at the helm of his diversified holding company. From a struggling New England textile company in the 1960s, Buffett has grown Berkshire to a firm boasting a range of businesses from Geico insurance to BNSF Railway, an equity portfolio exceeding $267 billion, and a cash reserve of $334.20 billion at the end of 2024.
Given his success on the investment horizon – a result of decades of strong returns – it doesn’t come as a surprise that Buffett is often touted as one of the greatest investors of all time. In an attempt to mirror his trading activity, many investors search for what stocks is Warren Buffett buying today.
READ ALSO: Warren Buffett’s Portfolio: 15 Longest Held Stocks and 10 Stocks Warren Buffett and Insiders Are Crazy About.
The Oracle of Omaha focuses on companies with strong economic moats and undervalued assets, applying his well-known investment strategy – long-term value investing. Buffett is not that fond of diversification, as he is investing in businesses instead of stocks, picking those he understands.
While diversification as a risk mitigation technique is popular among those who are at the start of their investing journey, Buffett believes diversification could limit knowledge. He also doesn’t consider money the greatest investment tool, given his statement that “the best investment by far is anything that develops yourself, and it’s not taxed at all.”
Despite the strong market performance throughout much of 2024, Buffett appears to have taken a more cautious approach. With overinflated valuations due to high interest rates and deteriorating economic conditions in mind, he opted to sell off substantial stakes in companies whose valuations have become too high.
Buffett is also not fond of President Donald Trump’s tariffs on imports that sent shockwaves through global stock markets, even though his company’s Class B shares dipped 1.4% only on April 3, outperforming the broader market.
In the fourth quarter, Buffett’s 13F portfolio was comprised of a total of 38 security holdings and was worth roughly $267 billion, slightly up from $266 billion in the third quarter. Given that Buffett doesn’t like to diversify much, his top ten holdings account for nearly 90% of his 13F portfolio.
Our Methodology
To make the list of Warren Buffett’s top portfolio holdings we reviewed Berkshire’s fourth-quarter 2024 portfolio and ranked the list according to the hedge fund’s stake value in each firm. If there was an overlap, we prioritized the holding that was worth more money. We have also assessed the number of shares acquired by Berkshire Hathaway and hedge fund sentiment toward each stock from Insider Monkey’s database of hedge investor letters.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373% since May 2014, beating its benchmark by 218 percentage points (see more details here).
That said, please see if there are overlaps between our compilation of the 10 longest-held stocks by The Oracle of Omaha wrapped up in November, and a new list of Warren Buffett’s top portfolio holdings.
10. DaVita Inc. (NYSE:DVA)
Portion of portfolio: 2.02%
Value of holdings: $5,398,092,493
As one of the leading providers of kidney care services, DaVita Inc. (NYSE:DVA) holds more than 36% of the market share in the dialysis market in the United States. The company provides both in-center and at-home dialysis alternatives utilizing its extensive network of dialysis facilities in the country and internationally. The company also offers ancillary services like laboratory tests, pharmaceutical solutions, and illness management programs in addition to billing insurance companies like Medicare, Medicaid and private insurers.
Berkshire has owned shares of DaVita, one of the best healthcare stocks for long-term investment since the fourth quarter of 2011.
Buffett kept his investment in DaVita during the fourth quarter holding 36,095,570 of its shares, as per his hedge fund’s 13F filing on February 14, 2025. However, he sold 203,091 shares back to DaVita on February 11, followed by an additional sale of some 750,000 of the kidney care giant’s shares between February 14 and 19, thus reducing its stake in the company by about 2% to 35.14 million shares, worth $5.4 billion, reported Reuters.
While it’s one of Warren Buffett’s top portfolio holdings, the dialysis firm has faced investor skepticism after announcing weaker-than-expected guidance for 2025 on February 13, with full-year EPS of $10.20 to $11.30, below the $11.44 the Wall Street analysts were expecting on average. DaVita reported consolidated revenues of $3.295 billion for the fourth quarter of 2024, up from $3.146 billion in the same quarter of last year. Patient service revenues increased to $2.881 billion from $2.765 billion in the corresponding period of 2023. Operating income totaled $565 million, with adjusted operating income of $491 million. The company repurchased 2.3 million of its shares for $367 million at an average price of $156.46 per share in the fourth quarter. The company’s stock price dropped over 12% on the heels of the earnings announcement.
DaVita’s stock price stood at $140.47 per share on April 24, at the time of writing of this article. Year-to-date, the company’s stock lost 6.07% in value.
9. Chubb Ltd (NYSE:CB)
Portion of portfolio: 2.79%
Value of holdings: $7,469,434,519
As a global leader in insurance, Chubb Limited (NYSE:CB) is present in 54 countries and territories. Working with distribution partner organizations worldwide, the firm is incorporated in Switzerland and listed in the United States, providing commercial and personal property and casualty insurance.
Buffett maintained his ownership stake in the company during the fourth quarter holding 27,033,784 of its shares.
In January JMP Securities reiterated the “Market Outperform” rating on Chubb’s stock with a price target of $325. The analysts from JMP identified the company’s presence in global markets, especially emerging markets such as Asia and Latin America, as a key driver for the potential superior growth prospects.
The fourth quarter net income totaled $2.58 billion for Chubb, or $6.33 per share, with core operating income hitting $2.45 billion, or $6.02 per share, up from $2.28 billion, or $5.54 per share, in the same quarter of fiscal 2023. The growth was fueled by a 6.7% rise in Global P&C net premiums – excluding Agriculture – and a 13.7% jump in net investment income, which totaled $1.69 billion for the quarter. For the period, Chubb maintained its profitability due to a diversified portfolio and strong underwriting practices.
The company reported first quarter 2025 earnings report on April 23, revealing a combined ratio of 95.7%, with underwriting income of $441 million despite significant catastrophe losses, primarily from California wildfires. Chubb reported net income of $1.33 billion and core operating income of $1.49 billion, down from $2.14 billion and $2.16 billion, respectively, in the same period of fiscal 2024.
Chubb, one of the best value stocks to invest in according to Warren Buffett, disclosed on March 3 its intention to purchase Liberty Mutual’s property and casualty insurance operations in Thailand and Vietnam. LMG Insurance in Thailand and Liberty Insurance in Vietnam produced roughly $275 million in net premiums written in 2024. The Thailand business transaction is due to close by the second quarter of 2025 while the Vietnam deal is expected to be completed by late 2025 or early 2026.
On March 12, Chubb made headlines yet again after announcing the set up of a new division within its North America Middle Market organization, consolidating Chubb’s Lower Middle Market and Digital Small Business divisions into a single unit planned to operate as North America Small & Lower Midmarket.
With a market capitalization of $113.187 billion, the company’s stock traded at $282.44 on April 24 at the time of writing, according to Yahoo Finance. Year-to-date, the stock gained 2.22% in value, and is still one of Warren Buffett’s top portfolio holdings.
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