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Revealed: Warren Buffett’s stock portfolio performance in 2023

Revealed: Warren Buffett's stock portfolio performance in 2023
Ana Zirojevic

With 2023 about to conclude and the new year just around the corner, it is time to take a closer look at the most prominent figures in the stock market and how the stocks in the portfolio of one of the world’s foremost stock investors, Warren Buffett, fared in 2023.

Specifically, Buffett owns 45 stocks of public companies through his holding company Berkshire Hathaway (NYSE: BRK.A), and Finbold has analyzed the performance of the five top stocks by market value in his portfolio over the course of the year that is almost over.

#1 Apple (NASDAQ: AAPL)

Over the previous 365 days, Apple (NASDAQ: AAPL) has made a solid advance, reaching an all-time high (ATH) on December 14, boasting an increase of over 55% year-to-date (YTD), and managed to retain its position as the top public company stock by market capitalization at over $3 trillion.

At press time, the Apple stock, which has recorded a generally stable increase during the year, with the largest decline in early August following the report of decreased revenue for iPhone and other hardware, similarly increasing upon an exceptionally positive earnings report, was changing hands at the price of $194.28.

Apple year-to-date (YTD) chart. Source: Finbold

#2 Chevron (NYSE: CVX)

On the other hand, the stocks of Chevron (NYSE: CVX) declined over 13% in 2023, escalated by the energy giant’s $53 billion takeover of Hess (NYSE: HES), the exploration and production company that explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas.

Despite starting the year bullish due to the doubling annual profit, Chevron moved into a bearish trend shortly after, only interrupted in April after OPEC+ announced an unexpected crude oil production cut. Presently, the Chevron stock is trading at the price of $151.68.

Chevron year-to-date (YTD) chart. Source: Finbold

#3 Bank of America (NYSE: BAC)

Meanwhile, the stocks of Bank of America (NYSE: BAC), the financial services company focused on wealth management, corporate and investment banking, and trading across a broad range of asset classes, recorded a modest increase of just 1.2% over the year.

Indeed, BAC traded in the green before concerns about unrealized losses on the bank’s securities presenting a potential vulnerability stopped its progress. Despite increases in April, July, and November, it struggled to return to its January price, only succeeding in December as it rallied nearly 6% in one day, now trading at $33.94.

Bank of America year-to-date (YTD) chart. Source: Finbold

#4 Coca-Cola (NYSE: KO)

At the same time, the shares of Coca-Cola (NYSE: KO) have declined 6.6% this year without making many significant moves in either direction, other than a notable decline of nearly 5% on its worst day in 17 months amid growing concerns over consumer spending.

More recently, in October, KO managed to make a slight recovery after the beverage company reported higher earnings and revenue for the third quarter, boosted by higher prices and a slight increase in sales volumes. As things stand, the price of Coca-Cola stock currently amounts to $58.83.

Coca-Cola year-to-date (YTD) chart. Source: Finbold

#5 American Express (NYSE: AXP)

Finally, American Express (NYSE: AXP) is among Buffett’s stocks recording a positive year, as it has advanced 27.3% since January 1, 2023, recording the largest daily gain (nearly 11%) on January 27, after the company reported a revenue of $14.2 billion for the fourth quarter of 2022.

Afterward, ensuing volatile changes in the price of AXP stock did not manage to offset such a strong advance, and it has seen a significant advance of 13.28% in the past month, at press time changing hands at the price of $187.41, according to the most recent information retrieved by Finbold on December 28. 

American Express year-to-date (YTD) chart. Source: Finbold

Conclusion

Overall, Warren Buffett’s stock portfolio has had mixed success this year, with Apple and American Express closing the year with positive gains, Chevron making only a slight difference to the upward, while Coca-Cola and Bank of America declined in 2023.

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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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