Though Warren Buffett, the legendary ‘Oracle of Omaha,’ is known for playing the long game in the stock market and for advocating a ‘get rich slow’ approach, he is no stranger to rebalancing his holdings when there is a need or an opportunity.
Late 2024 brought a major example of this as the famous investor dumped billions worth of Bank of America (NYSE: BAC) shares and purchased tens of millions of dollars worth of equity belonging to firms like VeriSign (NASDAQ: VRSN), Sirius XM (NASDAQ: SIRI), and Occidental Petroleum (NYSE: OXY).
OXY stock purchase stood out in particular for its impeccable timing as Buffett managed to buy at a multi-year low, thus capitalizing on a dip during volatile energy markets.
Picks for you
Receive Signals on SEC-verified Insider Stock Trades
This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).
Still, there is never a shortage of the storied investor’s shares that traders are simply better off investing in and never selling, and Finbold decided to examine the legendary investor’s latest known portfolio balance to find stocks worth holding forever.
Chevron (NYSE: CVX)
Warren Buffett first acquired a stake in the oil giant Chevron (NYSE: CVX) in late 2020, likely taking advantage of the COVID-induced slump, and at the end of the third quarter of 2024, he held nearly 120 million shares of the company.
In early 2025, Chevron remains an enticing buy – despite the fact it would have indubitably been better to buy in December – as the incoming administration is set to supercharge a ‘drill, baby, drill’ approach in the U.S., thus providing oil companies with massive tailwinds.
The optimism about Chevron is also evident in the overall Wall Street rating for the company, which stands at ‘strong buy,’ with an average price target of $175.56 – 8.73% above the press time price of $161.47.
In the long term, the oil giant is likely to remain a strong asset to hold as it will almost certainly make a full pivot to green energy through the renewables side of its business, and investors can, throughout their tenure as shareholders, enjoy the firm’s hefty 4.04% dividend yield.
Kraft Heinz (NASDAQ: KHC)
Unlike Chevron, which is already experiencing a renaissance, Kraft Heinz (NASDAQ: KHC) continues to present an enticing ‘buy the dip’ opportunity to would-be investors.
Specifically, the company not only boasts backing from a number of high-profile individuals such as Bill Gates, Jeremy Grantham, Prem Watsa, and, obviously, Warren Buffett, but its forward price-to-earnings (P/E) ratio of 9.56 indicates a substantial discount as it is significantly below the sector average.
Long-term, along with likely maintaining a relatively stable price performance, KHC shares offer a generous, 5.47% annual dividend yield, meaning holders are guaranteed a quarterly income even if the equity somewhat underperforms.
Featured image via Shutterstock
