Warren Buffett has recently made notable shifts in his portfolio.
The latest data shows that Buffett reduced his stake in Apple (NASDAQ:) by nearly half and exited Chevron (NYSE:), reallocating capital to stocks like Occidental Petroleum (NYSE:).
Now, over 90% of his portfolio is concentrated in just eleven stocks.
Despite selling off a significant portion of Apple and Bank of America (NYSE:), Buffett chose not to part with American Express (NYSE:), which remains a crucial part of his holdings.
Here’s a closer look at the major holdings in Buffett’s portfolio:
Apple: Despite a reduced position, Apple remains Buffett’s largest holding, constituting 30% of his portfolio. He retains 400,000 shares valued at $84.24 billion, marking the smallest percentage of Apple shares Buffett has held since 2020.
Band of America: This stock makes up 14.7% of his portfolio.
American Express: Now making up 12.4% of the portfolio, American Express is valued at over $39 billion. Buffett’s confidence in this stock underscores its importance to his strategy.
Coca-Cola (NYSE:): Holding 400 million shares worth $25.46 billion, Coca-Cola accounts for just over 9% of Buffett’s portfolio.
Chevron: Buffett’s position in Chevron is 6.6%, with a total of 118 million shares.
Occidental Petroleum: Buffett’s investment in Occidental stands at 248 million shares, valued at $16.09 billion.
Kraft Heinz (NASDAQ:): This stock represents 3.7% of the portfolio, valued at $10.9 billion.
Moody’s: Buffett holds just over 3% of his portfolio in Moody’s, with 24 million shares.
Chubb (NYSE:), Davita, and Citigroup: They account for less than 3% of the portfolio.
In the second quarter, Buffett introduced new positions, including Ulta Beauty (NASDAQ:) (690,000 shares) and Heico (NYSE:) (1 million shares).
2 Top Warren Buffett Picks to Consider
1. Bank of America
Buffett’s Berkshire Hathaway (NYSE:) has recently trimmed its stake in Bank of America, selling $981.9 million worth of shares. From August 23 to last Tuesday, Buffett offloaded approximately 24.7 million shares.
Despite…
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