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What's in Warren Buffett's Portfolio?

By Keith Speights – Updated Nov 30, 2022 at 3:03PM

Warren Buffett and his holding company Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) are giants. Berkshire Hathaway became a leading conglomerate because of Buffett's investing and its business-savvy ways. Buffett's track record could continue to improve due to the potential for several of his top stocks to outperform.

Stocks that Warren Buffett recently bought or added

In his latest letter to Berkshire shareholders, Buffett wrote that he and his investment team "find little that excites us" in the stock market. However, “little” isn't the same as “nothing at all.”

Berkshire actually bought three new stocks and added to its positions in five stocks in the third quarter of 2022. Two were oil stocks -- one of Buffett’s favorite sectors right now.

Data source: Berkshire Hathaway 13F-HR filings.
Jefferies Financial Group (NYSE:JEF) 433,558 New Position $12.8 million
Louisiana-Pacific (NYSE:LPX) 5,795,906 New Position $296.7 million
Taiwan Semiconductor Manufacturing (NYSE:TSM) 60,060,880 New Position $4.8 billion
Celanese (NYSE:CE) 9,710,183 6% $985.2 million
Chevron (NYSE:CVX) 165,359,318 2.1% $23.8 billion
Occidental Petroleum (NYSE:OXY) 194,351,650 22.6% $11.9 billion
Paramount Global (NASDAQ:PARA) 91,216,510 16.3% $1.7 billion
RH (NYSE:RH) 2,360,000 8.8% $580.7 million

Berkshire could add even more to its stake in Occidental Petroleum going forward. On Aug. 19, 2022, the giant conglomerate received approval from the Federal Energy Regulatory Commission to buy as much as 50% of Occidental.

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Stocks that Warren Buffett recently sold

In the third quarter of 2022, Buffett trimmed Berkshire Hathaway's positions in several stocks:

Data source: Berkshire Hathaway 13F-HR filings.
Activision Blizzard (NASDAQ;ATVI) 60,141,866 (12.1%) $4.5 billion
Bank of New York Mellon (NYSE:BK) 44,708,988 (14%) $2.4 billion
General Motors (NYSE:GM) 50,000,000 (5.4%) $1.6 billion
Kroger (NYSE:KR) 50,268,823 (4.1%) $2.2 billion
U.S. Bancorp (NYSE:USB) 44,708,988 (62.7%) $3.1 billion

And, while Buffett's favorite holding time is typically "forever," he opted during the third quarter of 2022 to completely close Berkshire Hathaway's positions in real estate investment trust (REIT) Store Capital (NYSE:STOR).

Top stocks that Warren Buffett owns by size

Berkshire Hathaway owns positions in more than 40 stocks. Here are the holding company's top 10 stocks, ranked by the value of the holding:

Data source: Berkshire Hathaway 13F-HR filings. Valuations current as of the time of writing.
Apple (NASDAQ:AAPL) 907,559,761 $131.6 billion
Bank of America (NYSE:BAC) 1,010,100,606 $37.5 billion
Chevron (NYSE:CVX) 165,359,318 $29.9 billion
Coca-Cola (NYSE:KO) 400,000,000 $25.2 billion
American Express (NYSE:AXP) 151,610,700 $23.1 billion
Occidental Petroleum (NYSE:OXY) 194,351,650 $13.3 billion
Kraft Heinz (NASDAQ:KHC) 325,634,818 $12.7 billion
Moody's (NYSE:MCO) 24,669,778 $7.4 billion
Taiwan Semiconductor Manufacturing (NYSE:TSM) 60,060,880 $4.8 billion
Activision Blizzard (NASDAQ:ATVI) 60,141,866 $4.4 billion

There's a glaring gap between the values of the No. 1 and No. 2 stocks in the Berkshire Hathaway portfolio. In the top spot, Apple is such a massive holding that Buffett has referred to the technology giant as Berkshire Hathaway's "third-largest business" after its wholly owned insurance and railroad businesses. Buffett has also described Apple as "probably the best business I know in the world."

As Berkshire Hathaway's second-largest position, Bank of America especially stands out because Buffett has reduced the positions of most of his bank stocks in recent quarters. The financial services leader continues to benefit from its investments in technology, including mobile apps.

Related investing topics

Should you follow Buffett's moves?

While it can certainly be interesting to keep track of what Buffett and other billionaire investors are buying and selling, it's never a smart idea to jump into a stock just because someone else does -- even if that someone else is the Oracle of Omaha.

Having said that, looking at Berkshire Hathaway's stock portfolio can give you plenty of stock ideas to investigate in determining what is suitable for your portfolio based on your own risk tolerance and investment objectives.

Bank of America is an advertising partner of The Ascent, a Motley Fool company. American Express is an advertising partner of The Ascent, a Motley Fool company. Keith Speights has positions in Apple, Bank of America, and Berkshire Hathaway. The Motley Fool has positions in and recommends Activision Blizzard, Apple, Berkshire Hathaway, Jefferies Financial Group, Moody's, Store Capital, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Kraft Heinz and Rh and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway, long January 2024 $47.50 calls on Theca-Cola, long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway, short January 2023 $265 calls on Berkshire Hathaway, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.

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