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🚗 What are the current top holdings in Warren Buffett's portfolio?

4/18/2025 00:52am

``` The deep research logic is organized as follows: Okay, let's tackle this question about Warren Buffett's current top holdings. The user is asking specifically for the top holdings in his portfolio as of the current time, which is April 2025. First, I need to check the references provided. The user has given several references, including some 13F filings and news articles. Let me go through them one by one. Looking at Reference 1, it lists the top 5 stocks held by Berkshire Hathaway as of March 31, 2024. The top five are Apple, Bank of America, American Express, Coca-Cola, and Chevron. However, the user is asking for the current holdings in 2025, so this data is from a year ago. I need to see if there are more recent updates. References 2, 3, 4, 5, 22, 23, 24, and 25 provide updates from 2024 and early 2025. For example, Reference 22 from February 15, 2025, mentions that Apple remains the largest holding with 300 million shares valued at approximately $75.126 billion, representing 28% of the portfolio. Bank of America is third with 680 million shares worth $29.9 billion. American Express is second with 152 million shares valued at $45 billion. Coca-Cola and Chevron are also in the top five. Reference 23 from February 14, 2025, also confirms that the top ten holdings remained unchanged in order, with Apple, American Express, Bank of America, Coca-Cola, and Chevron as the top five. It also mentions that Berkshire increased its stake in Occidental Petroleum and added a new position in Constellation Brands. Reference 24 from February 15, 2025, states that the top five holdings account for almost 71% of the portfolio, with Apple being the largest at around 28%. Reference 25 from March 24, 2025, notes that Berkshire Hathaway outperformed the Magnificent 7 tech stocks, with Apple still being a significant holding despite reductions. References 17, 18, 19, 20, 21, and 26 mention recent activities like the yen bond issuance, social media clarifications, and the lack of Q1 2025 holdings disclosure. However, the latest 13F filing available is from Q4 2024 (Reference 22, 23, 24), and Q1 2025 data isn't available yet (Reference 21, 26). So, based on the latest available data from Q4 2024 (February 2025 filings), the top holdings are Apple, American Express, Bank of America, Coca-Cola, and Chevron. There have been adjustments like reducing Bank of America's stake to keep below 10% (Reference 2, 23), adding VeriSign (References 3,4,5), and other strategic moves, but the top five remain consistent. I need to present this information clearly, citing the relevant references. Also, since the user is asking for the current holdings in 2025, I should mention that the latest available data is from Q4 2024, as Q1 2025 filings aren't available yet (Reference 21, 26). Additionally, the user might be interested in knowing any recent changes or additions, like the increase in VeriSign (References 3,4,5) or the yen bond deals (References 8,9,18), but these don't affect the top holdings directly. I should structure the answer with a conclusion upfront, then detail each holding, including recent changes and their implications. Make sure to cite the references properly and include the visualization for the query from Reference 1 as per the requirements. ``` **Conclusion:** As of the latest available data (Q4 2024 filings), Warren Buffett’s Berkshire Hathaway maintains **Apple (AAPL)**, **American Express (AXP)**, **Bank of America (BAC)**, **Coca-Cola (KO)**, and **Chevron (CVX)** as its top five equity holdings, accounting for **~71% of the $267 billion portfolio** . Below is the detailed breakdown: --- ### **Top Holdings: Strategic Insights** 1. **Apple Inc. (AAPL)** - **Portfolio Weight**: ~28% ($75.1 billion) . - **Recent Activity**: Reduced by 3% in Q4 2024, but remains the largest holding due to Apple’s AI-driven growth (e.g., Apple Intelligence launched in 2024) and privacy-focused ecosystem, which differentiates it from ad-reliant competitors . - **Inflation Resilience**: Apple’s premium pricing power and consumer stickiness mitigate margin pressures; iPhone sales grew in markets adopting Apple Intelligence . 2. **American Express (AXP)** - **Portfolio Weight**: ~17% ($45 billion) . - **Stability**: AXP’s 21.09% shareholding ratio (as of March 2024) reflects Buffett’s confidence in its high-margin fee model and exposure to affluent consumers . - **Catalysts**: Strong performance in travel and luxury spending, which align with AXP’s core credit card business . 3. **Bank of America (BAC)** - **Portfolio Weight**: ~11% ($29.9 billion) . - **Recent Adjustment**: Reduced by 14.72% in Q4 2024 to avoid crossing the 10% ownership threshold, allowing Berkshire to delay disclosure of further transactions . - **Resilience**: BAC’s 4% Q1 2025 growth in consumer lending and 25% surge in investment banking fees offset net interest margin pressures . 4. **Coca-Cola (KO)** - **Portfolio Weight**: ~9% ($24.47 billion) . - **Defensiveness**: Coca-Cola’s 86% non-U.S. revenue exposure and pricing power (e.g., 0.25% decline in April 2025 reflects short-term volatility, not structural weakness) make it a classic inflation hedge . 5. **Chevron (CVX)** - **Portfolio Weight**: ~7% ($19.4 billion) . - **Energy Play**: Chevron’s 6.66% shareholding ratio (as of March 2024) reflects Buffett’s long-term bet on energy demand, despite recent reductions . --- ### **Key Takeaways** - **Concentration**: The top five holdings account for **~71% of the portfolio**, emphasizing Buffett’s focus on **high-margin, defensive businesses** . - **Recent Additions**: Berkshire increased its stake in **VeriSign (VRSN)** (13.7% ownership as of December 2024), citing its 88% gross margin and critical role in domain registration . - **Cash Position**: Berkshire holds **$334 billion in cash** (as of Q4 2024), signaling patience for undervalued opportunities amid market volatility . --- ### **Visualization** Stocks held by Warren Buffett; Top 5 Sorted by Amount of Institution Holding |code|stock code|stock name|Latest Last Price|Latest Percentage Change|Amount of Institution Holding ranking[20240331]|Institution Name[20240331]|Institution Action[20240331]|Share of Institution Holding[20240331]|Change in Holding Share (Institution)[20240331]|Institution Position[20240331]|Change in Position (Institution)[20240331]|Holding Period (Quarter)[20240331]|Guru[20240331]|Guru Action[20240331]|Shareholding Ratio[20240331]|Shareholding Ratio Change[20240331]|Amount of Institution Holding[20240331]|market_code| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |AAPL|AAPL.O|Apple|198.27|2.0589900653729343|1/37|Berkshire Hathaway Inc|reducing|7.8936845E8|-1.1619155E8|40.81064157570667|-9.381790850266785|12|Warren Buffett|reducing|5.1465941472527215|-0.7575559311880553|1.35360901805E11|185| |BAC|BAC.N|Bank Of America|37.6641|0.8949906241628701|2/37|Berkshire Hathaway Inc|unchange|1.032852006E9|0|11.808279090443623|1.7966715883112578|12|Warren Buffett|unchange|13.129138301821303|0|3.9165748068E10|169| |AXP|AXP.N|American Express|254.76|0.727502767673574|3/37|Berkshire Hathaway Inc|unchange|1.516107E8|0|10.407681498209001|2.2308891259364096|12|Warren Buffett|unchange|21.08632823365786|0|3.4520240283E10|169| |KO|KO.N|The Coca-Cola|72.845|1.6252790178571317|4/37|Berkshire Hathaway Inc|unchange|4.0E8|0|7.378186812610335|0.5921058969509035|12|Warren Buffett|unchange|9.285051067780872|0|2.4472E10|169| |CVX|CVX.N|Chevron|139.745|3.239509456264768|5/37|Berkshire Hathaway Inc|reducing|1.22980207E8|-3113119|5.848671637715738|0.4340629417224927|12|Warren Buffett|reducing|6.658343559925621|-0.16854920275855523|1.9398897853E10|169| --- ### **Strategic Implications** Buffett’s portfolio balances **tech innovation** (Apple’s AI), **financial resilience** (BAC’s fee income), and **consumer staples** (KO’s global reach), positioning Berkshire to navigate inflationary and deflationary cycles. Investors should monitor Apple’s AI adoption metrics and BAC’s commercial loan trends, which are critical drivers of portfolio performance . For the latest updates (Q1 2025), Berkshire’s 13F filings are pending (as of April 17, 2025) .