Top 10 Warren Buffett Stocks Of December 2023 (2024)

Apple is the world’s most valuable public company and Warren Buffet’s largest stock holding. Under the leadership of CEO Tim Cook, Apple has continued to provide outstanding value to long-term shareholders.

Berkshire Hathaway began investing in Apple back in 2016. Today, AAPL represents the company’s largest equity position, making up more than 41% of its total portfolio.

Bank of America is a leading U.S. financial firm and bank holding company. Its robust consumer business offers checking and savings accounts, credit cards and mortgages. It also caters to business customers around the globe with financial products and services.

Warren Buffet first invested in BAC in 2011, when the eurozone debt crisis threatened the bank. Bank of America makes up more than 10% of Berkshire Hathaway’s holdings.

American Express is best known for its iconic credit cards. Still, the company also operates a range of travel-related services, banking products, merchant services and payment and expense management systems.

Buffett began investing in American Express starting in 1991, buying preferred stock and those converted to common stock in 1994. Today, AXP makes up more than 8% of Berkshire Hathaway’s portfolio.

Coca-Cola is one of the biggest consumer staples stocks in the U.S., offering products from its iconic namesake cola to snacks and sports drinks. Despite operating in many highly competitive markets, KO has provided solid returns and dependable dividends for decades.

Coca-Cola is Berkshire’s oldest equity position—the firm first started buying KO in 1988. Buffett is on the record asserting that he will never sell any of his shares, and Coca-Cola makes up around 7% of Berkshire Hathaway’s portfolio today.

Chevron is one of the largest diversified, multinational energy companies on earth and is the second biggest energy company in the U.S. market after ExxonMobil (XOM). The company is active in every stage of producing, refining and retailing petroleum products.

CVX is a relatively new holding for Berkshire—the company first purchased shares at the end of 2020. Today, Chevron makes up approximately 8.3% of Berkshire Hathaway’s holdings.

Occidental Petroleumis a U.S. energy company engaged in the exploration and production of crude oil and natural gas. Unlike Chevron, OXY has a domestic focus, with 80% of its production expected to come from the U.S. in 2022.

Buffett first bought preferred stock in OXY in 2019, when the company was looking for financing for its purchase of Anadarko Petroleum. Since then, Berkshire has built a large stake in the company, and some say Buffett intends to acquire the entire firm outright. Occidental currently makes up almost 4% of Berkshire Hathaway’s holdings.

Co-headquartered in Chicago and Pittsburgh, this food-and-beverage giant emerged from the 2015 merger of Kraft and Heinz. Today, KHC makes a wide variety of products, from the iconic ketchup and cheese products of its two namesakes to a range of drinks, snacks and processed foods.

Buffett first invested in H.J. Heinz Co. in 2013, helping 3G Capital acquire the company. He was also involved in midwifing the merger with Kraft in 2015—although Buffett has been very open with investors in admitting that KHC has not been one of his finest investment choices. Today, KHC represents around 3.8% of Berkshire Hathaway’s holdings.

Moody’s is a financial services company that publishes bond and credit ratings on companies and governments. Its ratings evaluate the financial stability and outlook of public and private companies. Together with S&P Global and Fitch Ratings, the three top agencies control 95% of the market for bond ratings.

MCO is one of Berkshire Hathaway’s oldest holdings. Buffett first received a stake in the company when it was spun out of Dun & Bradstreet, which he owned but subsequently sold off. Today Moody’s accounts for 2.2% of Berkshire Hathaway’s portfolio.

In June, Berkshire Hathaway increased its stake in five different Japanese companies, bumping a couple American companies out of Berkshire’s top 10 holdings list. Buffett claims he intends to hold all five companies for the long-run. The largest stake Berkshire currently holds in any of these companies is in Mitsubishi Corp.

Mitsubishi Corp. traces its history all the way back to 1870, when it was founded as a shipping firm—with only three steamships—by Yataro Iwasaki. Today, Mitsubishi is one of the largest publicly traded companies in Japan, reincorporating in 1954 when a number of previously divided companies reclaimed the Mitsubishi name.

Itochu Corp. is another Japanese company with a long history, tracing its roots all the way back to 1858. The company is currently headquartered in Osaka, Japan. However, it operates multinationally in locales such as the U.S., U.K, Australia, China and Hong Kong.

Like Mitsubishi, Itochu Corp. trades on the Tokyo Stock Exchange. American investors can easily access both companies’ stock as American Depository Receipts (ADRs) in the over-the-counter (OTC) market. Although many ADRs and OTC stocks face liquidity issues, it’s doubtful that would be the case with companies as large as MTSUY or ITOCY.