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.
8. Kraft Heinz Co (NASDAQ:KHC)
Portion of portfolio: 3.74%
Value of holdings: $10,000,245,261
The Kraft Heinz Company (NASDAQ:KHC) is an American multinational food company boasting a vast lineup of iconic food and beverage brands. Being successful in adapting omnichannel strategies in a number of global markets, Kraft Heinz ventured into the alcohol market via its brand Crystal Lights, announcing in March the introduction of its new vodka seltzers at select retailers in the Northeast U.S.
Simultaneously, the processed-food giant continues to leverage AI and machine learning as part of its Agile@Scale Initiative aimed at improving the company’s supply chain efficiency, product quality and visibility. Kraft Heinz Lighthouse, the company’s control tower set up in collaboration with Microsoft allows America’s famed ketchup and bologna seller to make data-driven decisions in real-time based on information and visibility across its supply chain.
Buffett maintained his existing position in Kraft Heinz Company in the fourth quarter holding 325,634,818 of its shares.
Fourth-quarter earnings report released on February 12 showed a 4.1% year-over-year dip in revenue to $6.58 for the Jell-O maker, missing the $6.66 billion FactSet consensus estimate. The company cited “continued shifts in consumer behavior due to economic uncertainty” as well as a decline in its Lunchables packaged sandwiches and snacks. That said, earnings per share totaled $0.84 was above analysts’ estimate of $0.78. In its core US market, net sales declined 3.9% compared to the previous year, with price hikes only partially offsetting lower sales volumes.
Over the last five years, the company, which has earned its place on Warren Buffett’s top portfolio holdings list, has been paying down its debt while improving operating cash flow. The cash flow to debt ratio has increased from 0.1 to 0.2 over the same period.
On March 17, The World Association of Chefs Societies (Worldchefs), a global association of professional culinary associations partnered with Kraft Heinz allowing it to invest in culinary professionals as well as deliver training through Worldchefs’ educational programs.
Year-to-date The Kraft Heinz Company’s stock has lost 3.35% of its value and has traded at $29.68 on April 24 at the time of writing.
7. Moody’s Corp (NYSE:MCO)
Portion of portfolio: 4.37%
Value of holdings: $11,677,932,812
The financial data firm Moody’s Corporation (NYSE:MCO) remains a dominant force in the credit ratings and financial analytics industry offering credit research, credit models, analytics, and economic data as part of its risk management services.
Buffett maintained his ownership stake in one of his top portfolio holdings during the fourth quarter holding 24,669,778 of its shares.
Veteran data provider announced its fourth quarter and full-year 2024 financial results on February 13 revealing a 13% year-over-year increase in revenue for the period, but missing analysts’ estimates by $40.6 million. Fourth-quarter 2024 adjusted earnings totaled $2.62 per share, outpacing the Zacks Consensus Estimate of $2.60. The company is optimistic regarding its future growth relying on innovation and expectations of macroeconomic stability. For the full year, the company saw revenue increase 20% year-over-year.
The strong first-quarter number released last week beat expectations with revenues of $1.9b arriving 2.5% ahead of estimates. Statutory earnings per share (EPS) were $3.46, 6.0% also ahead of forecasts.
The company generates revenue from its two subscription-based services and fees for its ratings and analytics. Moody’s Investors Service (MIS) accounts for 60% of total revenue, being the core provider of profitability, while Moody’s Analytics (MA) division accounts for the remaining 40% of revenue. Over 80% of Moody’s overall revenue is recurring, out of which 57% comes from the United States, 28% from Europe, the Middle East, and Africa (EMEA), 11% from the Asia-Pacific region, and 4% from Latin America.
Even though it faces competitive pressures from S&P Global’s broader service offerings, specialization in credit risk and regulatory compliance is what positions Moody’s as a ‘go-to’ place for financial institutions that are in search of deep expertise in these areas, according to a bullish thesis on Moody’s Corporation (MCO) on Substack by Business Model Mastery.
Citi initiated coverage of Moody’s with a price target of $565 and a Buy rating in December, expressing optimism about the company’s outlook.
Year-to-date the company’s stock has lost 7,13% in its value, trading at $439.63 per share on April 24 at the time of writing.
6. Occidental Petroleum Corp (NYSE:OXY)
Portion of portfolio: 4.88%
Value of holdings: $13,053,055,436
The Oracle of Omaha has been purchasing holdings in the Houston-based Occidental Petroleum Corp (NYSE:OXY), an energy company and one of the largest oil and gas producers in the United States in recent years, with the latest purchase bringing his stake in the company up to 28.2%.
Buffett grew his stake in Occidental Petroleum by 4% sequentially to 264,178,414 shares, according to a regulatory SEC filing, making the stock his sixth biggest holding.
The company generated $4.9 billion of free cash flow in 2024 with $1.4 billion generated in the fourth quarter only, paid about $800 million of common dividends and achieved its near-term debt repayment target of $4.5 billion seven months ahead of schedule. The oil and gas producer raised its quarterly dividend by 9.1% to $0.24 per share in February. For 2025, the company announced $1.2 billion of divestiture proceeds utilized for debt reduction, the company’s president-CEO Vicki A. Hollub said in her fourth-quarter earnings call.
That said, on March 21, Occidental wrapped up the sale of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the Denver-Julesburg (DJ) Basin in Colorado, to Elk Range Royalties for $905 million, according to Reuters. The assets are being developed by top operators such as Chevron and Civitas, who together are behind more than half of the wells being drilled in 2024.
Hollub said in March that U.S. oil production will peak between 2027 and 2030 relying on the U.S. President Donald Trump’s pledge to boost fossil fuel production and reduce prices for consumers.
In the meantime, Occidental’s $12 billion acquisition of CrownRock in 2024 has grown its domestic well inventory, adding 1,700 new well locations and 170,000 barrels of oil per day. The company has also boosted its carbon capture business via the acquisition of Carbon Engineering in 2023 and the development of the Stratos DAC plant in Texas, capturing 500,000 metric tons of CO2 annually. It plans 100 more DAC plants by 2035.
However, Jim Cramer believes there might be better companies out there even though Occidental is one of Warren Buffett’s top portfolio holdings.
Appearing on CNBC’s Squawk on the Street, Jim Cramer said, “A lot of people always want Occidental because it’s Buffett’s company, it’s not as well run as Coterra. It’s not as well run as Chevron. Which has really lagged.”
Year-to-date the company’s stock lost 18.32% in its value, trading at $40.36 per share on April 24 at the time of writing.
5. Chevron Corp (NYSE:CVX)
Portion of portfolio: 6.43%
Value of holdings: $17,179,549,745
Chevron Corp (NYSE:CVX) is an American multinational energy corporation with exploration, production and refining operations worldwide, predominantly specializing in oil and gas. The company currently sits as the fifth-largest portfolio holding in Berkshire’s portfolio of publicly-held stocks.
Buffett kept his investment in Chevron Corporation during the quarter holding 118,610,534 of its shares.
The company, which is one of the best Warren Buffett stocks to buy according to analysts, maintained a strong financial position in fiscal 2024, generating $31.5 billion in operating cash flow and $15 billion in free cash flow. The company returned nearly $12 billion to shareholders through dividends and repurchased over $15 billion in shares. Chevron’s revenue jumped by 10.7% year-over-year to $52.23 billion in the fourth quarter of 2024, beating market expectations by over $3.8 billion due to increasing its worldwide and US production by 7% and 19% respectively to record levels in 2024.
Chevron acquired approximately 4.99% of Hess Corp’s common shares this year, demonstrating its confidence in finalizing the planned acquisition of Hess, according to a March regulatory filing by the oil giant. The company agreed in October 2023 to buy Hess in an all-stock deal valued at $53 billion thus gaining a substantial stake in Guyana’s oil-rich Stabroek block, reported Reuters.
However, Exxon Mobil and CNOOC, which are partners with Hess in Guyana, have taken the matter to court. The case is scheduled for a review by a three-judge arbitration panel in May.
Chevron is also exploring the acquisition of Phillips 66’s stake in their chemicals JV, CPChem, with CEO Mike Wirth seeing strong demand growth in chemicals due to global middle-class expansion and the need for energy-efficient plastics.
The oil giant recently revealed plans to cut up to 20% of its workforce in an attempt to streamline operations and position itself for “long-term competitiveness,” Chevron Corporation Vice Chairman Mark Nelson said. The move is in line with Chevron’s previously announced wider cost-cutting effort “of $2 to $3 billion in targeted structural cost reductions by the end of 2026, with some residual impact in 2027 and beyond.”
Year-to-date the company’s stock lost 4.06% in its value, closing at $138.96 per share on April 24 at the time of writing.
4. Coca Cola Co (NYSE:KO)
Portion of portfolio: 9.32%
Value of holdings: $24,904,000,000
The Coca-Cola Company (NYSE:KO) is a famous beverage company that manufactures and sells a diverse range of nonalcoholic beverages, such as soft drinks, water, tea, juice, and plant-based alternatives, along with beverage concentrates and syrups for retail distribution.
Buffett held steady in his financial position with the company during the fourth quarter, holding 400,000,000 of its shares, and making it one of its top portfolio holdings.
Dubbed “amazing” by Jim Cramer during his appearance on Squawk on the Street in February, The Coca-Cola Company was able to shake off the effects of GLP-1 anti-craving drugs, having two-thirds of its portfolio being made up of low and no-calorie products, he recently said, according to Financial Times. Coca-Cola is expected to release the first quarter 2025 financial results on April 29 before the New York Stock Exchange opens. The fourth quarter earnings report revealed revenue of $11.47 billion, topping analysts’ expectations of $10.68 billion for the period, as global demand for its drinks rose.
The Coca-Cola, which has been one of Buffett’s main holdings for over thirty years, generated $2.9 billion in operating cash flow and $1.6 billion in free cash flow during the quarter, demonstrating outstanding cash flow management. The company’s profitability was further proven by its strong adjusted operating margin of 30.7%.
The Coca-Cola Company’s shares were trading at $72.41 per share on April 24, at the time of writing, with the stock price impacted by the global geopolitical uncertainty and slowdowns in Mainland China and the company’s Asia travel retail sectors.
3. Bank Of America Corp (NYSE:BAC)
Portion of portfolio: 11.18%
Value of holdings: $29,896,266,149
Bank of America Corp (NYSE:BAC) is a global banking powerhouse providing various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations and governments, garnering significant revenue from interest income on loans and mortgages. It boasts a client base of 68 million, operating 3,900 branches, 16,000 ATMs and serving 56 million digital users.
Buffett cut his holdings of Bank Of America by 15% sequentially to 680,233,587 of its shares.
Hardman Johnston Global Equity Strategy highlighted in its fourth quarter 2024 investor letter that Bank of America Corporation’s management sees a big opportunity going forward in growing and monetizing its mass retail client base.
The company is expected to announce its fiscal first-quarter earnings for 2025 before the market opens on Tuesday, Apr. 15. Analysts expect this financial giant to report a profit of $0.80 per share, down 3.6% from $0.83 per share in the year-ago quarter, according to Barchart.com. In 2024, the company’s financial performance demonstrated resilience, with revenue rising 11.94% year-over-year to $192.4 billion, while net income increased 2.6% to $25.5 billion. In the fourth quarter, the company posted a net income of $6.7 billion, or $0.82 per share, while revenue climbed 15% to $25.3 billion.
According to a bullish thesis on Bank of America Corp on Substack by Easy Trader, Bank Of America, as one of Warren Buffett’s top portfolio holdings, stands out compared to peers like JPMorgan Chase and Citigroup, due to its leadership in digital banking, sustainable finance and robust deposit growth. Favored by 18 billionaire investors as of first quarter of 2024, Bank of America is one of the best financial stocks to invest in.
On April 3, the company’s shares decreased 5.3% to $39.63 on the heels of President Donald Trump’s unveiling of global reciprocal tariffs during a Wednesday event at the White House. Bank of America shares traded at $39.54 per share on April 24 at the time of writing. Year-to-date the share price lost 10% in its value.
2. American Express Co (NYSE:AXP)
Portion of portfolio: 16.84%
Value of holdings: $44,996,539,653
The New York-based financial services company American Express Co (NYSE:AXP) operates as an integrated payments company and is known for its highly rewarding Membership Rewards program.
Buffett maintained his ownership stake in the company during the fourth quarter holding 151,610,700 of its shares.
The company wrapped up 2024, during which it issued 13 million new cards, with billings growth accelerating to 8% in the fourth quarter of 2024. That was fueled by stronger spending from consumer and commercial customers during the holiday season. Revenue for the quarter amounted to $17.2 billion, up 9% year-over-year, while net income rose 12% over the same period, exceeding $2.1 billion. American Express guided 8% to 10% revenue growth in 2025. The company’s growth is anticipated to be driven by a range of opportunities within its premium customer base going forward, particularly among Millennial and Gen Z consumers, as well as in key international markets.
For the first quarter the company reported $17 billion in revenue, up 8% year over year on an FX adjusted basis, or 9% excluding leap year impact. Net income was $2.6 billion or $3.64 per share. Total card member spending growth was 6% in the quarter, or 7% excluding leap year impact.
American Express said in March it has agreed to acquire the US-based expense management software provider Center for an undisclosed sum. Expected to close in the second quarter of 2025, the deal will boost American Express’ commercial card payments with automated accounting, policy compliance, and enhanced reward benefits.
Investment management company Bretton Capital Management called American Express, one of Warren Buffett’s top portfolio holdings in its fourth quarter 2024 investor letter its “best-performing stock” in the last year, boasting a 60% return, surpassing 2023’s 29%.
American Express’ shares traded at $267.06 per share on April 24, at the time of writing, losing 10.02% since the beginning of the year. The company has a market capitalization of $187.099 billion.
1. Apple Inc. (NASDAQ:AAPL)
Portion of portfolio: 28.11%
Value of holdings: $75,126,000,000
Technology giant Apple Inc. (NASDAQ:AAPL) specializes in the design, manufacturing, and marketing of a wide range of consumer electronics and related services.
Buffett maintained his existing position in the iPhone maker in the fourth quarter holding 300,000,000 of its shares, as per his hedge fund’s 13F filing on February 14, 2025. The stock has been Berkshire’s largest holding by market value for more than half a decade.
Barclays reiterated the stock as “Underweight,” on March 31 highlighting its “challenging growth backdrop, undefined AI strategy and a premium valuation.”
However, with President Donald Trump’s “reciprocal” tariffs in place, notably a 54% tariff on Chinese goods, Apple, among large tech stocks “has the most exposure to” them, according to commentator Tom White. The company’s products are manufactured in countries such as India and Thailand among others, that are hit with significant tariffs. Being a Wall Street’s casualty of Trump-imposed tariffs, the company lost over $300 billion in market value on April 3, according to Financial Times.
Angelo Zino, a Technology Equity Analyst and Senior VP at CFRA Research said the company is one of the “safer” names in the tech sector, relatively well-positioned to withstand tariffs, as it has “enormous pricing power,” on top of the company’s high free cash flow and favorable capital allocation strategy.
Requisite Capital Management managing partner Bryn Talkington told CNBC recently that Apple is vulnerable as a hardware company with 75% of the revenues coming from hardware, having to rely on third parties for software solutions.
Columbia Seligman Global Technology Fund maintained a position in Apple in the fourth quarter, stating in its quarterly investor letter the company’s “leaders were excited about the release of the new model [iPhone 16 in September],” being the first model to feature enhanced AI capabilities through the Apple Intelligence features. The letter also highlighted Apple’s partnership with OpenAI as it allowed the integration of ChatGPT into the Apple ecosystem. “We expect the iPhone 17 to have even more expansive AI capabilities, increasing potential demand for the new model that is on track to be released in 2025,” the letter continued.
Apple’s first quarter report published in January revealed quarterly revenue of $124.3 billion, representing a 4% year-over-year increase, and quarterly diluted earnings per share of $2.40, up 10% over the same period.
Apple traded at $207.56 on April 24 at the time of writing, according to Yahoo Finance. Year-to-date, the stock lost 17.12% in value. Nevertheless, the stock has earned a top place on the list of Warren Buffett’s top portfolio holdings.
While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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