Warren Buffett, CEO of Berkshire Hathaway (BRKB), is known for his winning investing formula. However, that doesn’t mean he’s been sitting still. In the third quarter of 2024, Buffett’s conglomerate made several key moves. It slashed its massive Apple (AAPL) stake by 25%, sold Bank of America (BAC), and bought Domino’s Pizza (DPZ) and Pool Corp. (POOL).
On the flip side, Berkshire increased its stake in Heico (HEIA), exited Floor & Decor (FND), and reduced its position in Ulta Beauty (ULTA). In the fourth quarter, Buffett continued to sell Bank of America stock and raised its stake in Sirius XM (SIRI).
As of December, the top stocks in Berkshire’s portfolio by number of shares are Apple, Coca-Cola (KO), Kraft Heinz (KHC), Occidental Petroleum (OXY), American Express (AXP), Chevron (CVX), SiriusXM (SIRI), and others. Buffett’s team oversees around 50 stocks in Berkshire’s equity portfolio, valued at over $300 billion.
One notable stock is Apple, which holds the top spot by market value. Its stake was worth $69.9 billion at the end of September. The company’s strong earnings, returns, and management have made it a poster child for Buffett’s investments. Top dividend growers like Coca-Cola also feature prominently in his portfolio.
Buffett’s long-term investment strategy involves buying quality stocks at fair prices and holding them for years or even decades. While there has been some rapid turnover since 2020, he prioritizes finding and holding good stocks over the long term. This approach has delivered a compound annual return of nearly double the S&P 500 index, with dividends included.
Source: https://www.investors.com/research/warren-buffett-stocks-december-2024