As of Q4 2024, Warren Buffett’s Berkshire Hathaway portfolio reveals measured adjustments across several major holdings. Below is a detailed overview of the top 10 positions:

1.  AAPL – Apple Inc.: 28.12%

2.  AXP – American Express: 16.84%

3.  BAC – Bank of America Corp.: 11.19%

4.  KO – Coca‑Cola Co.: 9.32%

5.  CVX – Chevron Corp.: 6.43%

6.  OXY – Occidental Petroleum: 4.89%

7.  MCO – Moody’s Corp.: 4.37%

8.  KHC – Kraft Heinz Co.: 3.74%

9.  CB – Chubb Limited: 2.80%

10.                DVA – DaVita HealthCare Partners: 2.02%

1. AAPL – Apple Inc.

• Portfolio Allocation: 28.12%
• Recent Activity: No change reported
• Shares Held: 300,000,000
• Reported Price: $250.42 per share
• Value at Reported Price: $75,126,000,000

Apple remains the largest holding, underscoring Buffett’s enduring confidence in the tech giant. Its ecosystem-driven business model continues to generate substantial revenue from products and services, making Apple a cornerstone of the Berkshire portfolio.

2. AXP – American Express

• Portfolio Allocation: 16.84%
• Recent Activity: No change reported
• Shares Held: 151,610,700
• Reported Price: $296.79 per share
• Value at Reported Price: $44,996,540,000

American Express holds steady, reflecting Buffett’s longstanding belief in the company’s premium brand and loyal customer base. As consumer spending remains robust, American Express benefits from increased card usage and travel-related expenditures.

3. BAC – Bank of America Corp.

• Portfolio Allocation: 11.19%
• Recent Activity: Reduced 14.72%
• Shares Held: 680,233,587
• Reported Price: $43.95 per share
• Value at Reported Price: $29,896,267,000

Bank of America remains a key financial holding but was reduced again this quarter. This move may indicate strategic rebalancing or caution regarding interest-rate environments. Nonetheless, BAC’s large-scale retail and commercial banking operations keep it integral to the portfolio.

4. KO – Coca-Cola Co.

• Portfolio Allocation: 9.32%
• Recent Activity: No change reported
• Shares Held: 400,000,000
• Reported Price: $62.26 per share
• Value at Reported Price: $24,904,000,000

Coca-Cola’s position is unchanged, signifying Buffett’s unwavering faith in this iconic beverage giant. With a global footprint and a strong dividend history, Coca-Cola provides steady income and resilience amid market fluctuations.

5. CVX – Chevron Corp.

• Portfolio Allocation: 6.43%
• Recent Activity: No change reported
• Shares Held: 118,610,534
• Reported Price: $144.84 per share
• Value at Reported Price: $17,179,549,000

Chevron remains a significant energy play, offering diversification through its upstream and downstream operations. Its global scale and consistent cash flow make it a stable component of Berkshire’s portfolio.

6. OXY – Occidental Petroleum

• Portfolio Allocation: 4.89%
• Recent Activity: Added 3.49%
• Shares Held: 264,178,414
• Reported Price: $49.41 per share
• Value at Reported Price: $13,053,055,000

Berkshire increased its stake in Occidental Petroleum, indicating continued confidence in the energy sector. Occidental’s portfolio of oil and gas assets offers potential upside, particularly if global demand remains strong.

7. MCO – Moody’s Corp.

• Portfolio Allocation: 4.37%
• Recent Activity: No change reported
• Shares Held: 24,669,778
• Reported Price: $473.37 per share
• Value at Reported Price: $11,677,933,000

Moody’s retains its place as a key Berkshire holding in financial analytics and credit ratings. Its consistent fee-based revenue model and market leadership provide stability and growth potential over the long term.

8. KHC – Kraft Heinz Co.

• Portfolio Allocation: 3.74%
• Recent Activity: No change reported
• Shares Held: 325,634,818
• Reported Price: $30.71 per share
• Value at Reported Price: $10,000,245,000

Kraft Heinz remains a cornerstone consumer staples investment. While the company continues to navigate changing consumer preferences, its well-known brands and cost-optimization efforts align with Buffett’s value-driven philosophy.

9. CB – Chubb Limited

• Portfolio Allocation: 2.80%
• Recent Activity: No change reported
• Shares Held: 27,033,784
• Reported Price: $276.30 per share
• Value at Reported Price: $7,469,435,000

Chubb, a leading insurer, provides diversification through its global property and casualty operations. The company’s disciplined underwriting and strong capital position make it an attractive holding for Berkshire.

10. DVA – DaVita HealthCare Partners

• Portfolio Allocation: 2.02%
• Recent Activity: No change reported
• Shares Held: 36,095,570
• Reported Price: $149.55 per share
• Value at Reported Price: $5,398,092,000

DaVita remains Berkshire’s primary healthcare holding, focusing on kidney dialysis services. With stable demand in the healthcare space, DaVita offers a defensive counterbalance to the portfolio’s more cyclical investments.

Analysis of Buffett’s Q4 2024 Portfolio Strategy

1.  Continued Confidence in Tech and Finance
Apple remains the top holding with no further reductions, emphasizing Buffett’s ongoing belief in the tech leader’s ecosystem. American Express also stands firm, reflecting strong consumer spending patterns and a robust travel sector recovery.

2.  Strategic Reduction in Bank of America
The further trimming of Bank of America suggests a measured approach to financial sector exposure, possibly reflecting concerns about interest-rate volatility or a desire to free up capital for other opportunities.

3.  Slightly Higher Energy Exposure
While Chevron’s position remained constant, Berkshire increased its stake in Occidental Petroleum. This move underscores Buffett’s positive stance on energy, betting on steady or rising oil demand.

4.  Stable Consumer Staples and Healthcare
Positions in Coca-Cola, Kraft Heinz, and DaVita remain relatively unchanged, signifying continued reliance on defensive, demand-driven sectors. These holdings help offset volatility from the tech and financial segments.

5.  Maintaining Diversification
With Moody’s (financial services) and Chubb (insurance), Buffett preserves a well-rounded portfolio. The mix of growth-oriented and defensive stocks aligns with Berkshire’s long-standing strategy of balancing risk and reward.

Conclusion

Warren Buffett’s Q4 2024 portfolio underscores a commitment to core holdings like Apple, American Express, and Coca-Cola, while reflecting subtle shifts in financials and energy. The modest reduction in Bank of America and the additional shares of Occidental Petroleum illustrate a strategic realignment to manage both risk and potential upside. Meanwhile, steady positions in consumer staples, healthcare, and insurance provide a foundation of stability, consistent with Buffett’s long-term, value-oriented investment philosophy.

Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investing involves risks, including the potential loss of principal. Past performance is not indicative of future results. Investors should conduct their own research or consult a qualified financial advisor before making investment decisions.