A look at veteran Warren Buffett’s portfolio shows: the stock market legend was cautious in the third quarter. Nevertheless, he turned the red pencil on some investments. Two stocks from the top 10 of the portfolio are also affected.
Institutional investors with assets of more than $100 million are required to report their holdings to the U.S. Securities and Exchange Commission (SEC) on a quarterly basis. Berkshire Hathaway boss Warren Buffett also has to submit the 13F form every quarter, which is publicly available to the authority. The document for the third quarter of 2023 was published on November 14, 2023, the data was as of September 30, 2023.
As in the previous quarter, veteran Warren Buffett held back from major buying or selling activities in the third quarter. After the star investor invested heavily in Occidental Petroleum in the second quarter of the year, he reaped the fruits of his labor in the current reporting quarter, as the shares rose significantly in price.
What was noticeable, however, was that two of the largest holdings in Berkshire’s portfolio apparently fell out of favor in the third quarter. In addition to HP, this also affected another oil company from which Buffett cashed in.
The following ranking presents the 15 stocks that made up the largest share of Berkshire Hathaway’s portfolio in the last quarter.
Editorial team finanzen.net
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16th place: The ranking
Institutional investors whose investments exceed $100 million must disclose their stock investments on a quarterly Form 13 basis to the US Securities and Exchange Commission (SEC). With a portfolio value of $313.3 billion, Warren Buffett and his investment company Berkshire Hathaway also qualify for this obligation. The 15 largest stock positions that were in Buffett’s portfolio in the third quarter of 2023 are listed below. They are staggered according to the percentage in the portfolio. The data is as of September 30, 2023.
Source: sec.gov, Image: istockphoto / EdStock
15th place: Charter Communications
As in the previous quarter, there were 3,828,941 Charter Communications shares in Berkshire Hathaway’s portfolio as of September 30th. The shares of the US cable network operator thus took up around 0.54 percent of the total portfolio and, with a value of 1.68 billion US dollars, ended up in 15th place among Buffett’s largest holdings.
Source: sec.gov, Image: Charter Communications
14th place: Visa
The old master of the stock market also did not touch his stake in MasterCard’s rival Visa in the third quarter of the year. Buffett continues to hold 8,297,460 Visa securities with an equivalent value of 1.91 billion US dollars. The stake represented 0.61 percent of the Berkshire portfolio.
Source: sec.gov, Image: Olga Kolos / Shutterstock.com
13th place: Kroger
As in the second quarter, the largest grocery supermarket chain in the USA, Kroger, ranked 13th among Warren Buffett’s largest stock holdings in the current reporting quarter. The number of shares remained unchanged at 50,000,000. The holding was worth $2.24 billion on the reporting date and took up 0.71 percent of the total portfolio.
Source: sec.gov, Image: Jonathan Weiss / Shutterstock.com
12th place: Citigroup
With 55,244,797 shares worth a total of $2.27 billion, Buffett’s stake in Citigroup ranked as the 12th largest position in Berkshire Hathaway’s portfolio. The finance house’s shares had a portfolio share of 0.73 percent in the third quarter of the year.
Source: sec.gov, Image: Douglas Freer / Shutterstock.com
11th place: VeriSign
The fact that Buffett is considered a long-term investor is also reflected in his stake in VeriSign. The star investor did not make any changes to these shares in the third quarter; as of the reporting date, the company still held 12,815,613 shares in the company with a total value of $2.6 billion. The investment therefore accounted for 0.83 percent of the portfolio.
Source: sec.gov, Image: Pavel Kapysh / Shutterstock.com
10th place: HP
The number of HP shares in Berkshire’s portfolio fell significantly compared to the previous quarter. Warren Buffett and his team threw around 15.2 percent of their HP shares onto the market in the third quarter of the year, reducing their holdings to 102,519,035 shares. As of the reporting date, these had a total value of 2.63 billion US dollars and, with a portfolio share of 0.84 percent in the Buffett portfolio, slipped from 9th to 10th place among the largest holdings.
Source: sec.gov, Image: pcruciatti / Shutterstock.com
9th place: DaVita HealthCare Partners
Meanwhile, shares of DaVita HealthCare Partners were able to gain a place, becoming the ninth largest holding in Buffett’s investment vehicle portfolio in the third quarter. The number of shares held remained unchanged at 36,095,570, but with a total value of $3.41 billion, it was enough for 1.09 percent of the portfolio share and thus 9th place.
Source: sec.gov, Image: Davita
8th place: Moody’s
Moody’s shares have been in Berkshire Hathaway’s portfolio since 2001 and in the third quarter of 2023 the old master did not touch the holding, which amounts to 24,669,778 shares. At $7.8 billion, the value of the position in the portfolio was below that of the previous quarter, but with a portfolio share of 2.49 percent, it was enough to rank 8th among the largest holdings in Buffett’s portfolio.
Source: sec.gov, Image: iStockphoto/SeanShot
7th place: Kraft Heinz
Consumer goods companies are among Warren Buffett’s favorites: One of the industry’s largest representatives, Kraft Heinz, has been in Berkshire Hathaway’s portfolio for many years. In the third quarter, participation remained unchanged at 325,634,818 shares. These had a value of 10.9 billion US dollars on the reporting date and accounted for 3.50 percent of the total portfolio.
Source: sec.gov, Image: The Kraft Heinz Company
6th place: Occidental Petroleum
After Warren Buffett made a significant increase in Occidental Petroleum in the previous quarter, he kept his feet still in the current reporting quarter: there are still 224,129,192 company shares in the investment holding’s portfolio. The total value was $14.54 billion, meaning the shares were significantly more expensive compared to the previous quarter. With 4.64 percent of the entire Berkshire portfolio, the stake in the oil company was ranked sixth among the largest holdings in the portfolio.
Source: sec.gov, Image: Casimiro PT / Shutterstock.com
5th place: Chevron
Meanwhile, Buffett put another oil company, Chevron, in the red in the third quarter. Although Chevron stocks were able to defend their fifth place in the Berkshire Hathaway portfolio with a portfolio share of 5.93 percent, the number of shares held fell significantly by 10.45 percent. The remaining 110,248,289 shares in the oil company were worth $18.59 billion as of the reporting date.
Source: sec.gov, Image: Lowe Llaguno / Shutterstock.com
4th place: Coca-Cola
One of Warren Buffett’s favorite stocks, Coca-Cola, maintained its position in Berkshire Hathaway’s portfolio. The investment company continues to hold 400,000,000 shares of the soft drinks manufacturer, which were worth $22.39 billion in the reporting quarter and accounted for a portfolio share of 7.15 percent.
Source: sec.gov, Image: oneinchpunch / Shutterstock.com
3rd place: American Express
Nothing happened with the investment in the credit card company American Express in the third quarter of the year. The 151,610,700 AmEx shares remained untouched and were worth $22.62 billion as of the reporting date. With a portfolio share of 7.22 percent, they remained in third place among the largest holdings in Buffett’s investment vehicle Berkshire Hathaway.
Source: sec.gov, Image: Gordon Bell / Shutterstock.com
2nd place: Bank of America
The bank stock Bank of America is also a long-term investment of Warren Buffett. Nothing changed in the third quarter of 2023; the star investor still holds 1,032,852,006 BofA shares, which were worth $28.28 billion as of the reporting date. The holding on September 30th made up 9.03 percent of the total portfolio, making Bank of America still the second largest position in the Berkshire Hathaway portfolio.
Source: sec.gov, Image: Northfoto / Shutterstock.com
1st place: Apple
By far the old master’s largest position remained his stake in the tech giant Apple in the third quarter of 2023. More than half of the total portfolio, a total of 50.04 percent, was taken up by the 915,560,382 Apple shares. The total value of the position was $156.75 billion as of September 30, 2023.
Source: sec.gov, Image: r.classen / Shutterstock.com
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