Top 25 Berkshire Hathaway Holdings: What’s in Warren Buffett’s Portfolio in 2025?

Investors and the media have long been attracted to what Warren Buffett’s Berkshire Hathaway (BRK.A) (BRK.B) puts, keeps, and removes from its investment shopping cart. Buffett, one of the world’s most successful stock investors, mastered the knack of selecting not only winners but also companies that can weather the storm.

Investors continue to look at Berkshire Hathaway’s holdings list in 2024 for an indication of Buffett’s investing strategy and ideas that they can implement in their own portfolios. The company held shares in 35 companies as of June 2024, according to its latest quarterly 13F filing with the US Securities and Exchange Commission (SEC) on August 14.

Berkshire Hathaway’s investment basket may alter from time to time, but the stocks picked always reflect what Buffett views as solid investments.

This article looks at the top holdings by value in Warren Buffett’s portfolio in 2024.

Table of Contents Table of Contents

1. Key Takeaways
2. Top 10 Warren Buffett Stocks By Value
3. Top 25 Berkshire Hathaway Holdings: In-Depth Review
4. What is Berkshire Hathaway?
5. Berkshire Hathaway Investment Strategy
6. The Bottom Line
7. FAQs
8. References

Show Full Guide

Table of Contents

1. Key Takeaways
2. Top 10 Warren Buffett Stocks By Value
3. Top 25 Berkshire Hathaway Holdings: In-Depth Review
Show Full Guide
4. What is Berkshire Hathaway?
5. Berkshire Hathaway Investment Strategy
6. The Bottom Line
7. FAQs
8. References

Top 10 Warren Buffett Stocks By Value

As of the end of June 2024, these were the top 10 stocks held by Warren Buffett, ranked by value:

Read on to learn about the top 25 Berkshire Hathaway holdings and some of the company’s largest positions.

Top 25 Berkshire Hathaway Holdings: In-Depth Review

1. Apple Inc (AAPL)

The Cupertino, California-based tech behemoth manufactures and sells iPhones, iPads, MacBooks, AirPods, Apple Watches, and related accessories.

The world’s biggest company by market capitalization holds first place in Berkshire Hathaway’s top 10 holdings, although it has shrunk in 2024 as Buffett has sold more than half of the holding as the share price has climbed.

As of June 2024, Apple (AAPL) accounted for around 30% of the portfolio’s value. Berkshire owned 400 million AAPL shares worth $84.25 billion, down from 915.56 million AAPL shares worth $177.59 billion a year earlier.

2. Bank of America Corp. (BAC)

Based in Charlotte, North Carolina, Bank of America is the second-largest U.S. bank in terms of market capitalization. It’s also in the second spot among the Top 25 Berkshire Hathaway holdings, accounting for 15% of the total portfolio’s value.

BAC has a market cap of $304.56 billion as of September 2024.

3. American Express Co. (AXP)

The leading global payment company issues charge cards, credit cards, and travel checks. It has a long history of dividend payments, which fits Warren Buffett’s stock preference, making it one of Berkshire Hathaway’s biggest holdings. The annual dividends received from Berkshire Hathaway’s investments in AXP increased to $351.74 million in 2023 from $301.71 million in 2022.

Amex accounted for about 13% of Berkshire Hathaway’s holdings in June 2024 and has a $189.22 billion market capitalization as of September 2024.

4. Coca-Cola Co. (KO)

Coca-Cola is the producer of over 200 non-alcoholic beverages, including the iconic fizzy drink brands Coca-Cola, Fanta, and Sprite. It is the fourth largest holding in Warren Buffett’s portfolio, as its powerful brand provides dividend growth for Berkshire.

The annual cash dividend that Berkshire received from Coke had risen to $736 million by 2023 from $75 million in 1994.

Berkshire had 400 million shares of KO valued at $25.46 billion as of June 2024

5. Chevron Corp. (CVX)

Chevron is the second-largest energy company based in the U.S. in terms of revenue and market cap after Exxon Mobil (XOM).

While Berkshire Hathaway has reduced its interests in Chevron since the fourth quarter of 2022, the San Remo, California-based firm remains in the fifth place of Berkshire Hathaway’s holdings, representing 6.6% of its portfolio value.

6. Occidental Petroleum Corp. (OXY)

OXY has recently emerged among the top of Warren Buffett’s stocks. The Houston-based oil and gas explorer has assets in the Permian Basin, the Rockies, the Gulf of Mexico, the Middle East, and Africa.

In June, Berkshire owned 255.28 million OXY shares, representing 5.7% of its portfolio.

The company has a market cap of $46.08 billion as of September 2024.

7. Kraft Heinz Co. (KHC)

The producer of ubiquitous pantry supplies, such as Heinz Ketchup, Lea & Perrin’s Worcestershire Sauce, and Kraft Macaroni & Cheese, is the third largest food and beverage company in North America.

Berkshire Hathaway’s investment in the company was 3.7% of its portfolio in June.

As of September 2024, Kraft Heinz has a market cap of $41.73 billion.

8. Moody’s Corp (MCO)

The New York-based company is a global risk assessment firm with operations in over 40 countries. It offers services, including credit ratings, research, and analysis on debt instruments and securities.

It has been a part of Berkshire Hathaway’s investments since the fourth quarter of 2000. In June, Moody’s accounted for 3.7% of Berkshire’s holdings.

The company has a market capitalization of $86.69 billion as of September 2024.

9. Chubb Ltd. (CB)

A newcomer to Berkshire Hathway’s portfolio, the commercial and personal property and casualty (P&C) insurance company operates in 54 countries. While its competitors have struggled with profitability in recent years, Chubb has outperformed, making it an attractive addition.

Chubb is Berkshire’s largest ever investment in an insurer, having built up its stake since the third quarter of 2023.

As of June 2024, Berkshire owned over 27 million shares in Chubb valued at a total of $6.9 billion, making it the portfolio’s 9th largest holding.

10. DaVita Inc. (DVA)

DaVita is a healthcare provider focusing on kidney care services. It provides care for patients at every stage of kidney disease, including providing support transplantation at hospitals, dialysis centers, and home dialysis services.

As of June 2024, Warren Buffett’s portfolio holdings in DaVita were worth $5.00 billion, accounting for 1.8% of its total investment.

11. Citigroup (C.PRK)

Citigroup is a multinational, diversified financial institution providing banking and wealth management services.

Although the bank has continued to struggle to recover from the collapse in 2008 during the height of the financial crisis, Berkshire still keeps Citibank in its basket.

In June, Berkshire held 55.24 million shares of Citigroup worth $3.51 billion, representing 1.28% of its total portfolio.

12. Liberty Media Corp. (LSXM)(LLYVA)

Liberty Media Group has significant ownership in radio, entertainment, and communications businesses. It has an 83% stake in satellite radio Sirius XM Group, full ownership of iconic global motorsport business, the Formula One Group, and a 30% stake in the world’s largest live entertainment firm, Live Nation Entertainment.

Liberty trades under multiple stock tickers on the Nasdaq and Berkshire Hathaway has holdings in several of them, including Liberty SiriusXM’s Series C shares (LSXMK) and Series A shares (LSXMA) as well as Liberty Live Group’s Series C (LLYVK) and Series A (LLYVA) shares.

Berkshire’s holdings in Liberty almost tripled to 128.81 million shares in June 2024 from 43.2 million shares a year earlier, increasing the value of the holding to $3.49 billion from $1.41 billion.

13. Kroger Co. (KR)

When Barney Kroger opened a grocery store in Cincinnati with his life savings of $372, he didn’t expect it to grow into one of the largest retailers in the United States.

Berkshire put Kroger’s shares in his shopping cart in the final quarter of 2019, paying $549 million for 18.4 million shares. In June 2024, it held 50 million shares in Kroger worth $2.50 million.

As of September 2024, Kroger has a market cap of $40.94 billion.

14. Verisign (VRSN)

The Reston, Virginia-based technology firm offers domain name registrars and internet network infrastructure. VeriSign is the exclusive operator for the registration of the most popular domain names: .com and.net.

Berkshire Hathaway had 12.82 million VeriSign shares valued at $2.28 billion in June 2024, representing 0.83% of its portfolio.

15. Visa Inc. (V)

The San Francisco-based company is the world’s largest financial services firm, with a market capitalization of $524.66 billion as of September 2024.

Buffett held 8.30 million shares of Visa at $2.18 billion as of June 2024.

16. Amazon.com (AMZN)

Berkshire Hathaway built up its position in the world’s largest e-commerce company by market capitalization during the COVID-19 pandemic.

Warren Buffett’s holdings in Amazon (AMZN) surged 1,878% to 10.55 million shares in Q1 2022 from just 533,300 in the final quarter of 2019 when COVID-19 emerged.

In June, Berkshire’s 10.55 million AMZN shares were worth $1.93 billion, up from $1.38 billion a year earlier on a rise in the share price—lifting the company from the 20th largest holding to the 16th.

17. Mastercard Inc. (MA)

Mastercard is the world’s third largest financial services company after Visa and JP Morgan, with a market cap of $452.17 billion as of September 2024. Like Visa, it offers global payment processing to individuals and businesses.

Berkshire held 3.99 million shares in Mastercard at the end of June 2024, when they were valued at $1.76 billion.

18. Nu Holdings Ltd.

The Brazilian lender is one of the world’s largest digital banking firms. It provides digital financial services in Brazil, Mexico, Colombia, and globally.

Berkshire Hathaway initiated its position in the Sao Paolo-headquartered bank in Q4 2022, buying 107.12 million shares that were worth $1.38 billion in June 2024 from $845.17 million a year earlier. That catapulted Nu to the portfolio’s 18th largest position among the stocks owned by Berkshire Hathaway, up from 25th place a year earlier.

As of September 2024, Nu Holdings’ market capitalization is $70.78 billion.

19. Aon Plc (AON)

Aon provides insurance brokerage and risk advisory services to consulting and other professional service firms.

Berkshire Hathaway owned 4.10 million AON shares worth $1.20 billion in June, representing 0.44% of its portfolio.

The company has a market cap of $75.36 billion as of September 2024.

20. Ally Financial Inc.

Ally Financial is a bank holding company headquartered in Detroit, Michigan. It provides digital banking, investing, home loans, and auto finance services to more than 2 million depositors and is one of the largest car finance companies in the U.S., serving 4.1 million customers. Ally has a market capitalization of $10.54 billion as of September 2024.

Berkshire Hathaway is Ally’s largest investor, having built up a position in the first half of 2022. As of June 2024, the company held 29 million Ally shares, valued at $1.15 billion.

21. Charter Communications Inc. (CHTR)

Charter Communications provides cable TV networks, internet, video-on-demand, and telephone services. It’s the fifth largest telecommunication network in the U.S. in terms of market capitalization, at $44.89 billion as of September 2024.

Berkshire Hathaway owned 3.83 million shares of Charter Communications at $1.14 billion in June 2024.

22. T-Mobile US Inc. (TMUS)

T-Mobile is the U.S. wireless network subsidiary of Germany’s Deutsche Telekom. It has the largest market capitalization for a telecom company in the U.S., reaching an all-time high of around $237.21 billion in September 2024.

Berkshire Hathaway owned 4.67 million shares in T-Mobile in June 2024, having cut its stake by more than 10%. However, a strong performance in the share price valued the holding at $823 billion, putting the company in the top 25 holdings.

23. Capital One Financial Corp. (COF)

Based in McLean, Virginia, Capital One is one of the largest retail banks in the U.S. It offers banking and savings accounts, auto loans, and credit cards.

Buffett started to invest in the American bank in Q1 2023, buying 9.92 million shares. He purchased 2.54 million Capital One shares in Q2 2023, bringing the total holding in the bank to 12.47 million shares, valued at $1.36 billion. However, Berkshire subsequently sold off most of the investment, holding 3.63 million shares in June 2024 with a valuation of $502.45 million.

24. Louisiana-Pacific (LPX)

Louisiana-Pacific is a building and flooring materials manufacturer based in Tennessee. It is the world’s largest producer of oriented strand board (OSB) panels, similar to particle board. Many of the company’s products are used in new property construction, repair and remodeling, giving it exposure to the new home market.

Berkshire Hathaway started its position in LPX in Q3 2022, although it sold off more than 10% in the first half of this year. The portfolio held 5.96 million shares at the end of June, valued at $491.08 million.

25. Floor & Decor (FND)

Floor & Decor is a retailer of hard surface flooring products, including tile, wood, laminate, and natural stone flooring. Its customer base encompasses professional installers and commercial businesses, as well as DIY consumers. Like Louisiana-Pacific, the investment gives Berkshire Hathaway exposure to the US property market.

Berkshire held 3.98 million shares in the company, worth $395.44 million, at the end of June, having cut the position by 17%.

What is Berkshire Hathaway?

Now that you know the top 25 Warren Buffett stocks, let’s take a step back and look at what Berkshire Hathaway is and how the world’s ninth-richest person turned a failed textile company into a money machine with a market capitalization of $733.31 billion. The Omaha, Nebraska-based company is the eighth largest company in the world as of September 2024.

Berkshire Hathaway began as two separate cotton mills in Massachusetts—Berkshire Fine Spinning Associates and Hathaway Manufacturing—before merging in 1955. Buffett purchased the company 10 years later when it was struggling to survive as New England’s textile industry was dying.

With Buffett at the helm as CEO, Berkshire continued to expand into a sprawling conglomerate, with businesses ranging from insurance, media, food, and beverages to healthcare and live entertainment.

Many of the businesses acquired by Berkshire Hathaway—partially or whole—were mired in financial trouble before they were turned into thriving and profitable entities.

Berkshire Hathaway Investment Strategy

While it is impossible to discuss every investment strategy Buffett employs that earns him the moniker of the Oracle of Omaha, there are some key tenets that he continues to adhere to.

Buffett said in the 2022 annual letter:

“Please note, particularly, that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.”

Buffett was referring to Charlie Munger, Berkshire Hathaway’s vice chairman and long-time business partner. He credits Charlie, a real architect, with designing what is now Berkshire Hathaway’s business.

“From my perspective, though, Charlie’s most important architectural feat was the design of today’s Berkshire. The blueprint he gave me was simple: Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices.”

The 93-year-old legendary investor favors companies that have consistently paid dividends over long periods of time, although Berkshire doesn’t pay dividends to its shareholders. Instead, the company reinvests its earnings for growth so that shareholders can benefit from a higher Berkshire Hathaway share price.

The Bottom Line

Buffett’s most important investing strategy, as one of the world’s most prolific business pickers, is to buy high-quality companies that are leaders in their industries at a cost-effective share price and keep them for the long term.

When considering the purchase of a company’s shares, it is crucial to analyze the stock’s overall performance rather than fixate on its daily price movements. Conduct thorough research and due diligence to make an informed investment decision.

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