Berkshire Hathaway’s annual shareholder meeting happened on Saturday, May 6, 2023. More than 77% of the equity portfolio for Warren Buffett’s Berkshire Hathaway was spread among just five stocks.
Warren Buffett’s 5 biggest holdings are: Apple ($151 billion), Bank of America ($29.5 billion), American Express ($25 billion), Coca-Cola ($24.8 billion), and Chevron ($21.6 billion).
Warren Buffett is an American investor, business magnate, and philanthropist. He is the chairman and CEO of Berkshire Hathaway, a conglomerate holding company based in Omaha, Nebraska. Buffett is considered one of the most successful investors of all time and has been named the “Oracle of Omaha” for his investment strategies and wisdom. He is also known for his philanthropic efforts, including donating billions of dollars to various charities through his foundation, the Giving Pledge. As of 2021, Buffett’s net worth is estimated to be over $100 billion, making him one of the wealthiest people in the world.
Warren Buffett had nothing but good things to say about Apple during Berkshire Hathaway’s annual shareholders meeting on May 6, 2023.
Apple’s total value in the Buffett’s portfolio came out to $151 billion at the end of the quarter, up from $119 billion at the end of 2022.
Buffett said, “Our criteria for Apple was different than the other businesses we own. It just happens to be a better business than any we own… (the iPhone) is an extraordinary product… We don’t have anything like that that we owned 100% of, but we’re very, very happy to have 5.6 or whatever-it-may-be percent, and we’re delighted every 10th of a percent that goes up.”
Bank of America is Berkshire’s only bank holding. Buffett said, “I like Bank of America, I like the management. … So, I stick with it. But do I know how to project out what’s going to happen from here? The answer is I don’t, because I’ve seen so many things in the last few months, which really weren’t that unexpected to me to see.”
