Billionaire Warren Buffett Invests $308,940,000,000 Into 46 Stocks, Dumping Berkshire Hathaway’s Stake in Apple and Bank of America

Billionaire Warren Buffett has allocated $308.94 billion into 46 stocks as the 95-year-old Berkshire Hathaway CEO prepares to step down.

Berkshire’s new 13F filing shows Buffett has continued to dump Apple (AAPL) and Bank of America (BAC), while initiating a new stake in Alphabet (GOOGL).

Buffett sold 41.8 million Apple (AAPL) shares in Q3, reducing that position from 280 million while selling 37.2 million Bank of America (BAC) shares, reducing that position from 605 million.

Here’s an updated look at Buffett’s top 10 investments:

• Apple (AAPL): 238,212,764 shares, $64.89 billion, 21.0%.
• American Express (AXP): 151,610,700 shares, $54.15 billion, 17.5%.
• Bank of America (BAC): 568,070,012 shares, $29.88 billion, 9.7%.
• Coca-Cola (KO): 400,000,000 shares, $28.64 billion, 9.3%.
• Chevron (CVX): 122,064,792 shares, $19.23 billion, 6.2%.
• Moody’s (MCO): 24,697,778 shares, $11.82 billion, 3.8%.
• Occidental Petroleum (OXY): 264,441,426 shares, $11.82 billion, 3.7%.
• Mitsubishi (8058:TYO): 389,043,900 shares, $9.44 billion, 3.1%.
• Chubb (CB): 31,332,895 shares, $9.25 billion, 3.0%.
• Itochu (8001:TYO): 135,246,801 shares, $8.32 billion, 2.7%.
• Kraft Heinz Co (KHC): 325,634,818 shares, $8.09 billion, 2.6%.
• Mitsui & Co (8031:TYO): 292,044,900 shares, $7.75 billion, 2.5%.
• Alphabet Inc Class A (GOOGL): 17,846,142 shares, $4.93 billion, 1.6%.
• Marubeni Corp (8002:TYO): 154,474,700 shares, $4.04 billion, 1.3%.
• Davita Inc (DVA): 31,759,065 shares, $3.86 billion, 1.2%.
• Sumitomo Corp (8053:TYO): 112,459,500 shares, $3.56 billion, 1.2%.
• Kroger Co (KR): 50,000,000 shares, $3.34 billion, 1.1%.
• Visa Inc (V): 8,297,460 shares, $2.74 billion, 0.9%.
• Sirius XM Holdings Inc (SIRI): 124,807,117 shares, $2.68 billion, 0.9%.
• Amazon.com Inc (AMZN): 10,000,000 shares, $2.35 billion, 0.8%.
• VeriSign, Inc (VRSN): 8,989,880 shares, $2.27 billion, 0.7%.
• Mastercard Inc (MA): 3,986,648 shares, $2.18 billion, 0.7%.
• Constellation Brands Inc (STZ): 13,400,000 shares, $1.73 billion, 0.6%.
• UnitedHealth Group Inc (UNH): 5,039,564 shares, $1.62 billion, 0.5%.
• Capital One Financial Corp (COF): 7,150,000 shares, $1.51 billion, 0.5%.

The rest of Berkshire’s portfolio includes Aon (AON), Domino’s Pizza (DPZ), Ally Financial (ALLY), Nucor (NUE), Liberty Live Series C (LLYVK), Lennar Class A (LEN), Pool (POOL), Louisiana-Pacific (LPX), Liberty Live Series A (LLYVA), Heico Class A (HEI.A), Liberty Formula One Series C (FWONK), Charter Communications (CHTR), Lamar Advertising (LAMR), Allegion (ALLE), NVR (NVR), Jefferies Financial Group (JEF), Diageo (DEO), Liberty Latin America Series A (LILA), Lennar Class B (LEN.B), Liberty Latin America Series C (LILAK) and Atlanta Braves Holdings Series C (BATRK).

In his farewell letter, Buffett says investing is about enduring the unpredictable, and he believes strong companies like Berkshire will always rebound.

“Over time, our managers should grow quite wealthy – they have important responsibilities – but do not have the desire for dynastic or look-at-me wealth.

Our stock price will move capriciously, occasionally falling 50% or so as has happened three times in 60 years under present management. Don’t despair; America will come back and so will Berkshire shares.”

Buffett plans to step down at the end of the year, and says he’d choose his successor Greg Abel over any CEO, consultant or academic to handle Berkshire’s portfolio moving forward.

 

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