Warren Buffett, the famed ‘Oracle of Omaha,’ allegedly made his first stock pick at age 11, all the way back in the early 1940s. In the following 80-odd years, he first became a millionaire, then a billionaire, and has perfected the art of getting rich slowly.
Though Buffett generally recommends simply investing in an S&P 500 index fund, he has himself made many specific and carefully considered trades, with perhaps the most successful one of recent years being his 2016 purchase of Apple (NASDAQ: AAPL) shares.
Despite his age and historical success, Warren Buffett remains an active investor and with the recent publishing of his most recent 13-f, the filing that reveals the billionaire’s portfolio as of the end of the second quarter of 2024, Finbold decided to examine the investor’s top 10 holdings.
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Warren Buffett’s top 10 stocks revealed
Warren Buffett’s portfolio remains highly diversified, with as many as 41 different stocks owned. His top 10 holdings, however, reveal a continued preference for food, medical, financial sector, and technology blue chips.
Indeed, despite selling a staggering 389 million Apple shares – nearly half of the position – the big tech firm remains ‘The Oracle of Omaha’s’ biggest holding as it represents as much as 30% of the total portfolio.
The financial sector is also prominently represented in the filing, and together, Bank of America (NYSE: BAC), American Express (NYSE: AXP), Moody’s (NYSE: MCO), and Chubb Limited (NYSE: CB) – a major global insurance company – account for 34.2% of the portfolio.
Major oil companies are also still apparently favored in the Berkshire Hathaway (NYSE: BRK.A, BRK.B) trading strategy, as Chevron (NYSE: CVX) and Occidental Petroleum (NYSE: OXY) represent 12.3% of the holdings.
It is worth pointing out, however, that between the first and second quarter of 2024, Buffett sold just over 4 million CVX shares and purchased nearly 7.3 million OXY shares.
Food and beverage blue chips, Coca-Cola (NYSE: KO), and Kraft Heinz (NASDAQ: KHC), hold the fourth and seventh spots, respectively, among Berkshire Hathaway’s largest positions and combined account for 12.8% of the portfolio.
Warren Buffett is also significantly invested in the healthcare sector as he owns 36 million Davita (NYSE: DVA) shares, worth some $5 billion at the end of the second quarter – 1.8% of the entire portfolio.
Finally, though every update of ‘Oracle of Omaha’s’ portfolio is exciting and holds the potential for important stock market insights, the forthcoming Q3 13-f is likely to be uncharacteristically eventful as the massive sale of Apple stock has given Buffett the cash reserves needed to alter his holdings radically.
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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.
