Warren Buffett’s Top 5 Stock Picks

3. American Express Company (NYSE:AXP)

Number of Hedge Fund Holders: 64

American Express accounts for about 7.4% of Berkshire Hathaway’s total Q4 portfolio. The fund has a stake worth about $25 billion in the credit card services company. Bank of America Securities analyst Mihir Bhatia in late January upgraded American Express (NYSE:AXP) to Buy from Neutral. The rating action came after American Express increased its long-term guidance to 10%+ revenue growth and mid-teens EPS growth.

A total of 64 hedge funds in our database had long positions in American Express as of the end of the fourth quarter, as compared to 57 funds in the previous quarter.