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Recent 13F filings revealed big changes to the stock holdings of Warren Buffett’s conglomerate.
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Berkshire Hathaway sold its entire stakes in US banks like BNY Mellon and US Bancorp, while it bought a new stake in Capital One.
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These are the top 10 stocks held in Berkshire Hathaway’s $325 billion stock portfolio as of March 31.
Warren Buffett’s Berkshire Hathaway last quarter made a lot of changes to its US stock portfolio, which as of March 31 was worth $325 billion.
The conglomerate sold its long-held stakes in US bank stocks BNY Mellon and US Bancorp, while it took some of those proceeds to buy a new $1 billion stake in Capital One Financial. It also continued to add to its Occidental Petroleum stake, and sold its entire RH position, which sparked a big sell-off in that stock.
With various portfolio changes in the first quarter of the year, Berkshire Hathaway’s top 10 holdings of US stocks has shifted, though Apple still represents a near 50% of the portfolio. In fact, the top 10 positions in Berkshire Hathaway’s portfolio make up a massive 90.2% of its entire portfolio.
That concentration shouldn’t be a problem for Buffett, as he has previously said: “Diversification may preserve wealth, but concentration builds wealth.”
These are the top 10 stocks held in Berkshire Hathaway’s $325 billion US stock portfolio as of March 31.
10. HP Inc.
Ticker: HPQ
Position: $3.5 billion
Percent of portfolio: 1.1%
9. Activision Blizzard
Ticker: ATVI
Position: $4.2 billion
Percent of portfolio: 1.3%
8. Moody’s Corp.
Ticker: MCO
Position: $7.5 billion
Percent of portfolio: 2.3%
7. The Kraft Heinz Company
Ticker: KHC
Position: $12.6 billion
Percent of portfolio: 3.9%
6. Occidental Petroleum
Ticker: OXY
Position: $13.2 billion
Percent of portfolio: 4.1%
5. Chevron
Ticker: CVX
Position: $21.6 billion
Percent of portfolio: 6.7%
4. The Coca-Cola Company
Ticker: KO
Position: $24.8 billion
Percent of portfolio: 7.6%
3. American Express
Ticker: AXP
Position: $25.0 billion
Percent of portfolio: 7.7%
2. Bank of America
Ticker: BAC
Position: $29.5 billion
Percent of portfolio: 9.1%
1. Apple
Ticker: AAPL
Position: $151.0 billion
Percent of portfolio: 46.4%
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