Warren Buffett’s Latest Portfolio Moves: What You Need to Know
Warren Buffett, the legendary investor, has recently made some significant changes to his portfolio. The latest data reveals that Buffett has reduced his stake in Apple by almost half and completely exited his position in Chevron. Instead, he has reallocated capital to stocks like Occidental Petroleum. As a result, over 90% of his portfolio is now concentrated in just eleven stocks.
While Buffett has sold off a significant portion of Apple and Bank of America, he has chosen to hold onto American Express, which remains a crucial part of his holdings. Let’s take a closer look at some of the major stocks in Buffett’s portfolio:
– Apple: Despite reducing his position, Apple still remains Buffett’s largest holding, making up 30% of his portfolio.
– Bank of America: This stock accounts for 14.7% of his portfolio.
– American Express: Representing 12.4% of the portfolio, American Express is valued at over $39 billion.
– Coca-Cola: Holding 400 million shares worth $25.46 billion, Coca-Cola makes up just over 9% of Buffett’s portfolio.
– Chevron: Buffett’s position in Chevron is at 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, Moody’s, Chubb, Davita, and Citigroup: These stocks collectively make up less than 3% of the portfolio.
In the second quarter, Buffett introduced new positions in Ulta Beauty and Heico.
Two Top Warren Buffett Picks to Consider:
1. Bank of America: Despite trimming its stake, Berkshire still holds a significant position in Bank of America. The stock has shown an uptrend and offers a fair value price target of $51.82.
2. American Express: This stock is now Buffett’s second-largest holding and has shown strong performance, with a 62% surge over the past 52 weeks.
Market Participants Bullish as September Kicks Off:
Bullish sentiment remains high, with expectations that stock prices will rise over the next six months. Bearish sentiment has also increased but remains below historical averages.
In conclusion, Warren Buffett’s recent portfolio adjustments reflect his strategic focus on high-performing stocks with strong growth potential. By following his lead and considering his top picks, investors can potentially benefit from long-term gains and stability in their portfolios.