Warren Buffett, CEO of Berkshire Hathaway, has allocated $120 billion of the firm’s portfolio to just two major assets.
The allocation went to the tech giant Apple and American Express, according to recent SEC filings. These two holdings together account for 40.1% of Berkshire’s investments, reflecting Buffett’s strong confidence in their long-term prospects.
Berkshire’s involvement with Apple began in 2016, and while the firm has adjusted its stake over the years, including some reductions in 2024, the tech giant remains its largest single holding. American Express, on the other hand, has been a cornerstone of the portfolio since the mid-1990s.
Despite Berkshire’s significant pullback from the U.S. banking sector, including exits from positions in JPMorgan Chase, Wells Fargo, and Bank of America, Buffett has maintained a steadfast commitment to American Express, citing its strong brand, loyal customers, and reliable profitability.
Bank of America, though diminished in Buffett’s portfolio, still holds the third-largest position with $35 billion invested, representing 11.7% of the total. Meanwhile, other notable investments include Coca-Cola, Chevron, Occidental Petroleum, Moody’s, and Kraft Heinz. Altogether, Berkshire Hathaway’s investments amount to roughly $300 billion.
Buffett’s cautious stance on the market is evident in the firm’s cash reserves, which now stand at $325 billion—almost double the amount held at the end of 2023. This significant liquidity suggests Buffett is prepared for potential opportunities amid market uncertainties.
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