He’s made some fascinating choices.
When it comes to learning the secrets of rockstar investors, no one’s wisdom is quite as coveted as Warren Buffett’s.
The 92-year-old Berkshire Hathaway CEO on Feb. 25 released his much-anticipated annual letter, which was chock full of wisdom for investors.
DON’T MISS: How to Invest Like Warren Buffett: Morningstar
But people naturally want to know what the Oracle of Omaha is buying — and the letter showed that fully three-quarters (75%) of Berkshire Hathaway’s investment portfolio was in just five stocks, with one weighing much more heavily than all the others.
Buffett bet biggest on Apple (AAPL) – Get Free Report: Berkshire Hathaway holds $119 billion of shares in the group.
Bank of America (BAC) – Get Free Report came in at $32 billion of shares, while $30 billion was devoted to oil giant Chevron (CVX) – Get Free Report. Coca-Cola (KO) – Get Free Report and American Express (AXP) – Get Free Report rounded out the list with holdings of $25.4 billion and $22.4 billion respectively.
Berkshire Hathaway spent a record $68 billion on stocks in 2022 ($34 million on a net basis).
‘Over time, it just takes a few winners to work wonders,” Buffett said in the letter.