When you think of Warren Buffett, you probably think of stocks like Apple and Coca Cola. That’s right, because he has them too, for the most part. Nevertheless, Buffett invests in many more companies. Because the oracle of Omaha is one of the best investors in the world, it’s worth taking a look inside his kitchen.
Buffett invests via its investment vehicle Berkshire Hathaway (BKR.B). With this vehicle he owns 44 shares, where the top 10 shares account for 80 percent of the portfolio. Buffett also invests a large part in the banking sector.
Enough about Buffett, let’s have a look at his portfolio:
#1 United Parcel Service
UPS is perhaps the largest parcel delivery company in the world. Buffett invests in it. For a long time, but never has Buffett invested a severe part of its parcel delivery company assets.
Percentage of BKR portfolio: 0.003 percent.
Value in BKR portfolio: 6.1 million dollars.
#2 Mondelez
Mondelez, you can know from the delicious Oreo cookies. The company is descended from Kraft Foods and has continued under its name since 2012. Kraft Foods merged with H.J. Heinz and is now called Kraft Heinz, one of Buffett’s more extensive holdings.
Percentage of BKR portfolio: 0.02 percent.
Value in BKR portfolio: $31.2 million.
#3 Procter & Gamble
Procter & Gamble is a large company that owns several consumer brands. It is a typical blue-chip share: a share that is easy to understand. However, the company has fallen out of favor with Buffett, explaining the low weighting in its portfolio.
Percentage of BKR portfolio: 0.02 percent.
Value in BKR portfolio: 34.6 million dollars.
#4 Johnson & Johnson
Johnson & Johnson is the same defensive share as Procter & Gamble. Only it does business in another corner, namely healthcare. In recent years, the diversified health giant has fallen out of Buffett’s favor.
Percentage of BKR portfolio: 0.02 percent.
Value in BKR portfolio: 45.6 million dollars.
#5 Liberty Latin America
Liberty Latin America provides cabling for internet and telephony. You can also contact the company for other wireless services. As the name suggests, Liberty Latin operates in Chile, Puerto Rico, the Caribbean, and other Latin American parts. We will see the word Liberty even more often in Buffett’s list.
Buffett has two types of Liberty shares. Class A shares and Class C shares.
Percentage of BKR portfolio: 0.03 percent.
Value in BKR portfolio: Class A: $46.8 million, Class C: $22 million.
#6 Suncor Energy
Suncor Energy is a newcomer to Berkshire Hathaway. In the fourth quarter of 2018, shares were purchased from the oil and gas giant in Canada. And it’s not very common: a company that operates outside America.
Percentage of BKR portfolio: 0.16 percent.
Value in BKR portfolio: USD 335.2 million.
#7 Teva Pharmaceutical
The Israeli manufacturer of medicines is a typical Buffett case. Buffett bought the company when everyone loathed it. That was in the fourth quarter of 2017. In the second quarter of 2018, the situation seemed even worse for Teva, so Buffett doubled its investment.
Today, the share is even cheaper and is trading at 2.5 times the expected profit.
Percentage of BKR portfolio: 0.19 percent.
Value in BKR portfolio: $399.2 million.
#8 StoneCo
StoneCo is a Brazilian fintech company. The company provides both software and hardware to complete digital payments.
StoneCo was recommended to Buffett by his lieutenant Todd Combs. But Buffett is also convinced of the payment business, he said:
Payments are a huge deal worldwide.
Percentage of BKR portfolio: 0.2 percent.
Value in BKR portfolio: 419 million dollars.
#9 Phillips
Besides Suncor, Phillips 66 is Buffett’s only investment in energy. Berkshire Hathaway bought the shares of Phillips in 2012. But since then, the position has been considerably reduced. In the first quarter of 2018, as many as 35 million shares were sold. Buffett now still has around 5.5 million.
Percentage of BKR portfolio: 0.25 percent.
Value in BKR portfolio: USD 519.4 million.
#10 Torchmark/Globe Life
Torchmark is an insurance company and, therefore, a typical Buffett share. Because the company is straightforward to understand, boring, and provides an excellent return on investment. Berkshire Hathaway has had Torchmark since 2001 and has since then achieved an annual return (including dividend) of 10.5 percent.
Percentage of BKR portfolio: 0.27 percent.
Value in BKR portfolio: $568.4 million.
#11 Restaurant Brands International
You have undoubtedly eaten at one of the brands of Restaurant Brands. For example, in Burger King. The company is the fifth-largest fast-food chain globally and, therefore, part of Buffet’s portfolio.
Percentage of BKR portfolio: 0.28 percent.
Value in BKR portfolio: $586.8 million.
#12 Store Capital
Store Capital is a real estate holding company. Buffett was never really a real estate fan but made an exception with Store. The company owns restaurant chains, supermarkets, pharmacies, and other retail stores.
Buffett is the second-largest investor in Store after Vanguard.
Percentage of BKR portfolio: 0.3 percent.
Value in BKR portfolio: $618.1 million.
#13 Synchrony Financial
Synchrony Financial coincides with Buffett’s love for credit card companies and banks. Synchrony is a major publisher of credit cards for private individuals. The company is a descendant of GE Capital and will continue on its foot in 2014.
Buffett joined Synchrony in the second quarter of 2017.
Percentage of BKR portfolio: 0.35 percent.
Value in BKR portfolio: USD 721.2 million.
#14 Axalta Coating Systems
Axalta makes industrial coatings for facades of buildings, pipelines, and cars. The company is very active in the field of mergers and acquisitions. Logically, Buffett has shares in Axalta because the super investor has long been a fan of the paint industry. Berkshire Hathaway has had shares since 2015.
Percentage of BKR portfolio: 0.35 percent.
Value in BKR portfolio: USD 722.3 million.
#15 Liberty Global
Liberty Global is part of the communication and media companies Buffett owns. Just like Liberty Latin America, Buffett owns A and C shares in Liberty Global. A-shares have voting rights. C shares do not.
According to Liberty Global itself, the company is the largest in international TV and internet connections.
Percentage of BKR portfolio: 0.35 percent.
Value in BKR portfolio: Class A: $534.2 million, Class C: $ 194.9 million.
#16 Sirius XM
Sirius XM is a media company with more than 100 million listeners via its satellite radio and Pandora. The company has close ties with Liberty Global. Liberty owns a substantial share in Sirius. Namely, 69 percent.
Buffett has held shares in Sirius since the fourth quarter of 2016.
Percentage of BKR portfolio: 0.37 percent.
Value of BKR portfolio: USD 769.6 million.
#17 Travelers
Travelers are part of the insurance empire of Berkshire Hathaway. In addition to Travelers and Torchmark, Buffett has full control over several other insurers.
Buffett bought Travelers’ shares in the third quarter of 2018 and expanded in the third quarter of 2019.
Percentage of BKR portfolio: 0.43 percent.
Value of BKR portfolio: USD 890.9 million.
#18 M&T Bank
In addition to insurers, Buffett has a passion for bank shares. For example, bank shares account for a large part of Berkshire Hathaway’s portfolio. M&T is one of those banks, and Buffett has had the claims since the beginning of the century.
The reason for this may be that M&T is a regular dividend payer.
Percentage of BKR portfolio: 0.44 percent.
Value in BKR portfolio: USD 915.3 million.
#19 Red Hat
Buffett himself is not a fan of tech stocks. But his companions can change Buffett’s mind from time to time. That’s why Red Hat was acquired in the fourth quarter of 2018.
But at the moment, Red Hat has been acquired by IBM. And that’s remarkable because, in 2017, Buffett sold its entire position in IBM. Because of the takeover, you won’t see the Red Hat share in Berkshire Hathaway’s assets list.
Percentage of BKR portfolio: 0.47 percent.
Value in BKR portfolio: $971.1 million.
#20 Amazon
Amazon is Buffett’s newest position (at the end of the second quarter in 2019). In early 2019, Berkshire Hathaway bought 483,300 shares from the tech giant and a further 54,000 later. Buffett only regrets not doing so sooner:
Yeah, I’ve been a fan, and I’ve been an idiot for not buying.
Percentage of BKR portfolio: 0.49 percent.
Value in BKR portfolio: $1.01 billion.
#21 Costco
Costco is another old acquaintance in Buffett’s list. The company has been part of the portfolio since 2001. Costco operates as a warehouse, where you can only enter if you have a subscription.
Percentage of BKR portfolio: 0.55 percent.
Value in BKR portfolio: 1.14 billion dollars.
#22 PNC Financial Services
PNC Financial Services is America’s sixth-largest bank in terms of assets. Buffett is the tenth largest investor in the bank and bought its shares in the third quarter of 2018. He then bought again in the first quarter of 2019.
Percentage of BKR portfolio: 0.57 percent.
Value in BKR portfolio: USD 1.19 billion.
#23 MasterCard
Mastercard is in the portfolio of Berkshire, thanks to Buffett’s companions Todd Combs and Ted Weschler. Buffett only wished that he had previously bought shares of Mastercard. Of course, because Mastercard is a giant in the payment industry.
Percentage of BKR portfolio: 0.63 percent.
Value in BKR portfolio: 1.31 billion dollars.
#24 American Airlines
Buffett was never a fan of airlines. But in 2016, he changed his mind and decided to get on airplanes. That’s why he bought American Airlines, among others. The investor is about aviation:
The airlines indeed had a wrong 20th century. They’re like the Chicago Cubs. And they got that wrong century out of the way, I hope.
Percentage of BKR portfolio: 0.68 percent.
Value in BKR portfolio: $1.43 billion.
#25 Liberty Sirius XM Group
The third time Liberty appears on Buffett’s list. Now Liberty Sirius XM Group. Liberty Sirius XM shares came into circulation when the company again raised capital from investors in Sirius XM Holdings in 2015. Buffett bought the shares. Again A and C shares.
Percentage of BKR portfolio: 0.84 percent.
Value in BKR portfolio: Class A: USD 561.9 million. Class C: $1.18 billion.
#26 Visa
Just like Mastercard, Visa was an idea of Buffett’s companions. And once again, Buffett said he regretted not having bought the company sooner because Visa is the world’s largest payment network and therefore benefits optimally from the growing number of digital payments.
Percentage of BKR portfolio: 0.88 percent.
Value in BKR portfolio: 1.83 billion dollars.
#27 United Continental
United Continental is one of the four airlines that Buffet owns. He bought the shares just like the others in the first quarter of 2016. Buffett currently owns 8.2 percent of United Continental’s shares, making him the second-largest shareholder.
Percentage of BKR portfolio: 0.92 percent.
Value in BKR portfolio: USD 1.92 billion.
#28 Charter Communications
Charter Communications sells cables for TV, Internet, telephony, and other services. The company does this under the name Spectrum, which is the second-largest cable laying company in America.
Buffett joined Charter Communications in the second quarter of 2014. But in recent years, Buffett has started to feel opposed to the share. In early 2017, for example, he phased out the position.
Percentage of BKR portfolio: 1.03 percent.
Value in BKR portfolio: 2.14 billion dollars.
#29 DaVita
DaVita is a healthcare player in the United States. The company focuses, for example, on kidney care, with which it responds to the aging population.
It’s no wonder that DaVita is in Buffett. After all, his crony Ted Weschler already owned the share for Berkshire Hathaway for a large part of his time.
Percentage of BKR portfolio: 1.04 percent.
Value in BKR portfolio: 2.17 billion dollars.
#30 Verisign
Verisign registers domain names with .com, .net, and a few others. Buffett will be delighted with this stock, as Verisign shares were purchased at the end of 2012 and have yielded a return of 420 percent to this day. The S&P 500, on the other hand, produces 127 percent.
Percentage of BKR portfolio: 1.3 percent.
Value in BKR portfolio: $2.71 million.
#31 Southwest Airlines
Southwest is the third of the four airlines Buffett owns. Unlike United Continental, Southwest is often in the news positively. For example, the company is regularly awarded ‘Best Airline’ and ‘Best Place to Work For.’
Percentage of BKR portfolio: 1.31 percent.
Value in BKR portfolio: $2.72 billion.
#32 General Motors
General Motors is the fourth largest car manufacturer in the world. At least at the beginning of 2012. Buffett expanded its position by 37 percent in the fourth quarter of 2018.
And that’s not crazy. Because the automaker is an iconic American company. Is the American economy doing well? Then General Motors will also be doing well. Buffett, therefore, believes in the automaker and praised the CEO, Mary Barra:
Mary is as strong as they come. She is as good as I’ve seen.
Percentage of BKR portfolio: 1.34 percent.
Value in BKR portfolio: $2.78 billion.
#33 Bank of New York Mellon
A not very well known bank, but one with a well-known name in the financial world. Bank of New York Mellon takes assets into custody for large professional investors and offers accounting services.
Buffett is the bank’s largest shareholder, with 8.5 percent of the shares.
Percentage of BKR portfolio: 1.72 percent.
Value in BKR portfolio: USD 3.57 billion.
#34 Goldman Sachs
Goldman Sachs is one of Wall Street’s leading corporate banks. Buffett embraced the financial giant with open arms and bought the shares during the financial crisis in 2008. He did so in a special deal.
Now Buffett is the bank’s fourth-largest shareholder.
Percentage of BKR portfolio: 1.8 percent.
Value in BKR portfolio: 3.76 billion dollars.
#35 Delta Air Lines
Delta Air Lines completes the list of airline shares that Berkshire Hathaway acquired in the third quarter of 2016. Buffett repurchased a further 5.4 million shares in the first quarter of 2019.
With this purchase, Buffett owns more than 10 percent of the shares of Delta Air Lines.
Percentage of BKR portfolio: 1.93 percent.
Value in BKR portfolio: USD 4.02 billion.
#36 Moody’s
Moody’s is one of the well-known financial rating agencies in the United States. It is also one of the shares that Berkshire Hathaway has owned the longest. Buffett bought the shares in 2001. With this purchase, Buffett is the largest shareholder of the rating agency by far, with a stake of 13.1 percent.
Percentage of the BKR portfolio: 2.32 percent.
Value in BKR portfolio: USD 4.82 billion.
#37 JPMorgan Chase
JPMorgan is the largest U.S. bank in terms of assets. And Buffett has a large share in it. Perhaps not only because of JPMorgan’s activities but also because of its CEO, Jamie Dimon.
Buffett and Dimon also see each other alongside work. Together with Jeff Bezos of Amazon, they have set up a healthcare initiative. Buffett and Dimon are also arguing in favor of exchanging quarterly figures for half-yearly figures. And for the following reason:
Short-termism is hurting the economy.
Percentage of BKR portfolio: 3.2 percent.
Value in BKR portfolio: USD 6.65 billion.
#38 U.S. Bancorp
U.S. Bancorp is the fifth-largest U.S. bank and one of Buffett’s best-performing investments. He bought shares in the bank in 2006 and repurchased them in the second quarter of 2019.
Percentage of BKR portfolio: 3.34 percent.
Value in BKR portfolio: USD 6.94 billion.
#39 Kraft Heinz
Kraft Heinz, a food giant in America, is one of Buffett’s most massive investments. With an interest of 26.7 percent, Buffet is not even the largest shareholder. The private investment firm 3G Capital has a part of 48.8 percent.
Buffett does regret its large position. He says he paid too much for the shares.
Percentage of BKR portfolio: 4.86 percent.
Value in BKR portfolio: $10.11 billion.
#40 American Express
American Express is a company that will not let go of Buffett. He had had shares since 1963 when Buffett bought shares under special conditions because American Express was desperate for capital. Buffett offered it and has no regrets to this day.
It’s a fantastic story, and I’m glad we own 18% of it.
Percentage of BKR portfolio: 8.99 percent.
Value in BKR portfolio: $18.71 billion.
#41 Wells Fargo
Wells Fargo is a bank that has often been in the negative news in recent years. For example, the bank has allegedly foisted unnecessary car insurance on customers. Buffett reacted to the negativity:
Through this whole thing, if you look at Wells, they’re uncovering a lot of problems, but they aren’t losing any customers to speak of.
Buffett is Wells Fargo’s largest shareholder, with a stake of 8.4 percent.
Percentage of BKR portfolio: 9.79 percent.
Value in BKR portfolio: $19.39 billion.
#42 Coca Cola
Buffett bought Coca Cola just after the crash of 1987. In 1988, he said in a letter to shareholders to hold the share for a very long period. And see 30 years later: Buffett still has shares in Coca Cola, with a 9.4 percent stake in the company.
And perhaps because Buffett loves Cherry Coke.
Percentage of BKR portfolio: 9.79 percent.
Value in BKR portfolio: $20.37 billion.
#43 Bank of America
It should be clear by now that Buffett is into bank shares. The crown jewel of this one in the Berkshire Hathaway portfolio is Bank of America, the second-largest bank in the United States.
Buffett bought the shares in 2011 at a considerable discount. In the second quarter of 2019, he repurchased some 927 million shares. Buffett is now the largest shareholder in Bank of America.
Percentage of BKR portfolio: 12.92 percent.
Value in BKR portfolio: $26.89 billion.
#44 Apple
Apple is the king in the portfolio of Berkshire Hathaway. And in addition, the proof that Buffett is full of bets on something if he sees value in something because Apple accounts for almost a quarter of the Berkshire Hathaway portfolio.
Buffett has owned Apple shares since 2016 and has been buying back since then. Nevertheless, he is Apple’s third-largest shareholder. Only Vanguard and BlackRock own more.
Percentage of BKR portfolio: 23.74 percent.
Value in BKR portfolio: $49.4 billion.