It’s no secret that Warren Buffett, Charlie Munger, and the team over at Berkshire Hathaway are legendary in the investing world.
Berkshire Hathaway (Ticker: BRK.B) owns a significant number of businesses outright that operate under the umbrella of the corporation, indeed it has been company policy to try to own completely as many great businesses as possible and incorporate them as Berkshire Hathaway subsidiaries.
This analysis is focused on the stocks that are in the Berkshire Hathaway portfolio that are still available for the likes of us to purchase on the open stock exchange.
As Buffett is the CEO of Berkshire Hathaway and chief stock picker, Buffett stocks and Berkshire Hathaway holdings will be used interchangeably.
Table of Contents
- Total Berkshire Hathaway Portfolio Size
- Portfolio Allocation
- Largest Buffett Investments
- Largest Stakes In Companies
- Buffett’s Portfolio Returns / Growth
- The Dividend Yield of Buffett Stocks
- Biggest Dividend Payouts
- Buffett’s Best Stocks For Dividend Yield
- The Margin of Safety of Buffett’s Stocks
- Complete Listing of Warren Buffett Stocks
- Managing Your Value Portfolio
Total Buffett / Berkshire Hathaway Portfolio Worth
As of October 2019, the entire worth of the publicly-traded company holdings in the Berkshire Hathaway Portfolio.
$211,768,532,154 or $211 Billion USD
The portfolio is made up of only 47 stocks, and Berkshire seeks to own as much of a company as possible, usually buying on significant weakness in the stock price. This has a huge benefit called dollar-cost averaging. For example, when the market is in a panic about Trump trade wars or other macroeconomic issues, the majority of stocks fall, this represents an opportunity for Buffett to buy more of the stocks in businesses he loves at a discount. This also lowers his overall cost base and because Berkshire buys large chunks of stock it also boosts the stock price. A win-win situation.
Total Companies in the Portfolio – 47
Portfolio Allocation
Unsurprisingly the vast majority of Buffett’s investments have been in an industry he knows very well, Financial Services. Berkshire Hathaway indeed started as an insurance company, Geico which Berkshire still wholly owns. Because insurance companies are cash-flow rich, this spare cash was the leveraged springboard for Buffett and Berkshire to acquire huge stakes in so many other companies.
47% Allocation to Financial Services
In fact, 47.6% of the Berkshire portfolio is in financial services companies including:
- Bank of America
- Wells Fargo
- American Express
- U.S. Bankcorp
- JP Morgan Chase
- Goldman Sachs
- Bank of New York Mellon
- Visa
- Mastercard
Buffett has sought to diversify the portfolio with a huge investment in Apple worth $58 billion, equalling a 5.5% stake in the company. Apple is the only significant technology stock in the portfolio and equals 27% of the overall portfolio, which represents a significant risk to overall profitability, should Apple fall from grace.
The second-largest segment is consumer defensive stocks such as:
- Coca Cola
- Costco.
- Mondelez
- Proctor & Gamble
- Kraft Heinz
25 Largest Buffett Investments
As mentioned the largest investment has been $58 billion in Apple, which for me represents to many risks, the tide is turning on Apple with slowing innovation and overpriced products.
| Ticker | Company | Quantity | Price | Value |
| AAPL | Apple | 249,589,329 | $ 234.12 | $ 58,435,101,652.00 |
| BAC | Bank of America | 947,760,000 | $ 30.06 | $ 28,484,927,089.00 |
| KO | Coca-Cola | 400,000,000 | $ 53.85 | $ 21,538,000,488.00 |
| WFC | Wells Fargo | 409,803,773 | $ 49.60 | $ 20,328,315,972.00 |
| AXP | American Express | 151,610,700 | $ 118.15 | $ 17,912,804,436.00 |
| KHC | Kraft Heinz | 325,634,818 | $ 27.57 | $ 8,976,123,932.00 |
| USB | U.S. Bancorp | 132,459,618 | $ 54.58 | $ 7,230,308,127.00 |
| JPM | JPMorgan Chase | 59,514,932 | $ 120.24 | $ 7,155,777,885.00 |
| MCO | Moody’s | 24,669,778 | $ 218.20 | $ 5,382,945,484.00 |
| GS | Goldman Sachs Group | 18,353,635 | $ 205.03 | $ 3,763,045,762.00 |
| BK | Bank of New York Mellon | 80,937,250 | $ 44.51 | $ 3,602,112,398.00 |
| LUV | Southwest Airlines | 53,649,213 | $ 53.83 | $ 2,888,205,333.00 |
| GM | General Motors | 72,269,696 | $ 36.28 | $ 2,621,583,333.00 |
| CHTR | Charter Communications | 5,426,609 | $ 441.82 | $ 2,397,584,428.00 |
| DVA | DaVita | 38,565,570 | $ 57.86 | $ 2,231,403,904.00 |
| UAL | United Airlines Holdings | 21,938,642 | $ 89.48 | $ 1,963,069,760.00 |
| V | Visa | 10,562,460 | $ 177.73 | $ 1,877,265,971.00 |
| MA | Mastercard | 4,934,756 | $ 277.12 | $ 1,367,519,559.00 |
| LSXMK | Liberty SiriusXM Gr | 31,090,985 | $ 43.88 | $ 1,364,272,455.00 |
| COST | Costco Wholesale | 4,333,363 | $ 300.98 | $ 1,304,233,955.00 |
| PNC | PNC Financial Services Gr | 8,671,054 | $ 142.39 | $ 1,234,671,374.00 |
| AAL | American Airlines Group | 43,700,000 | $ 27.93 | $ 1,220,759,477.00 |
| SIRI | Sirius XM Holdings | 137,915,729 | $ 6.47 | $ 893,004,332.00 |
| TRV | Travelers Companies | 5,958,391 | $ 141.59 | $ 843,618,830.00 |
Table 1: Largest Investments in the Buffett / Berkshire Hathaway Portfolio
25 Largest Stakes In Companies
In terms of the percentage of ownership of companies, even though Berkshire has 27% of its portfolio invested in Apple, Apple does not make the top 25 list for Berkshire.
| Ticker | Company | Quantity | Value | Stake |
| KHC | Kraft Heinz Co | 325,634,818 | $ 8,967,982,888 | 26.70% |
| DVA | Davita Inc | 38,565,570 | $ 2,214,435,029 | 24.10% |
| AXP | American Express Company | 151,610,700 | $ 17,961,319,629 | 18.30% |
| LSXMK | Liberty Sirius XM Group Series C | 31,090,985 | $ 1,352,457,848 | 15.20% |
| LSXMA | Liberty Sirius XM Group Series A | 14,860,360 | $ 639,144,084 | 14.40% |
| MCO | Moody’s Corporation | 24,669,778 | $ 5,369,870,577 | 13.00% |
| DAL | Delta Air Lines, Inc. | 70,910,456 | $ 3,795,836,710 | 11.00% |
| VRSN | Verisign, Inc. | 12,952,745 | $ 2,406,231,439 | 10.90% |
| AXTA | Axalta Coating Systems Ltd | 24,264,000 | $ 698,560,560 | 10.40% |
| BAC | Bank of America Corp | 947,760,000 | $ 28,792,948,800 | 10.20% |
| LUV | Southwest Airlines Co | 53,649,213 | $ 2,901,885,931 | 10.00% |
| AAL | American Airlines Group Inc | 43,700,000 | $ 1,241,080,000 | 9.80% |
| LBTYA | Liberty Global PLC Class A | 19,791,000 | $ 507,243,330 | 9.70% |
| KO | Coca-Cola Co | 400,000,000 | $ 21,520,000,000 | 9.40% |
| WFC | Wells Fargo & Co | 409,803,773 | $ 20,506,580,801 | 9.30% |
| BK | Bank of New York Mellon Corp | 80,937,250 | $ 3,634,891,898 | 8.60% |
| UAL | United Airlines Holdings Inc | 21,938,642 | $ 1,981,498,145 | 8.50% |
| USB | U.S. Bancorp | 132,459,618 | $ 7,274,682,221 | 8.40% |
| STOR | Store Capital Corp | 18,621,674 | $ 699,057,642 | 8.10% |
| AAPL | Apple Inc. | 249,589,329 | $ 58,735,856,794 | 5.50% |
| LILA | Liberty Latin America Ltd Class A | 2,714,854 | $ 49,790,422 | 5.40% |
| GS | Goldman Sachs Group Inc | 18,353,635 | $ 3,815,904,253 | 5.10% |
| GM | General Motors Company | 72,269,696 | $ 2,630,616,934 | 5.10% |
| STNE | StoneCo Ltd | 14,166,748 | $ 492,719,495 | 4.80% |
Table 2: Largest Stakes in Publicly Traded Companies
Buffett controls a huge stake in Kraft Heinz the food production conglomerate, attune to 26.7%.
Buffett’s Portfolio Returns / Growth
It has been a very good 10 years for Buffett’s stock portfolio with a total return of 191% compounded. But the return could have matched his usual 23.5% return per year if it was not for the Apple investment.
Towards the end of 2018, the Buffett stock portfolio took a nosedive, which directly corresponded to the huge pullback in the value of Apple shares. Apple has disappointed in terms of innovations and product sales growth. An entire portfolio can be seriously affected when it is overweight (27%) in a single potentially vulnerable stock. The portfolio is still 5% off a new high for the last 12 months.
Perhaps Buffett should have taken his own advice from one of his famous quotes…
Never invest in a business you don’t understand. Warren Buffett
The Dividend Yield of Buffett Stocks
A key part of value investing is to ensure you are buying companies that are not only on sale at a discount “margin of safety” but that also pay dividends. Buffett has been a past master of collecting dividend payments, in this next section we look at the staggering levels of dividends Berkshire Hathaway collects.
Dividend Yield of the Buffett Stock Portfolio 2.4%
2.4% might not seem like much, but wait until you see the size of the payments.
Buffett Stocks Biggest Dividend Payouts
In terms of the largest dividend cash payout from the stocks owned by Buffett, there are 5 stocks that payout over 1/2 billion dollars each and every year.
- Wells Fargo – $835,999,681
- Apple – $768,735,114
- Bank of America – $682,387,227
- Coca Cola – $640,000,010
- Kraft Heinz – $521,015,717
Biggest Dividend Payouts to Buffett
| Company | Value | Div. Yield | Exp. Yearly Dividends |
| Wells Fargo | $ 20,328,315,972.00 | 4.10% | $ 835,999,681 |
| Apple | $ 58,435,101,652.00 | 1.30% | $ 768,735,114 |
| Bank of America | $ 28,484,927,089.00 | 2.40% | $ 682,387,227 |
| Coca-Cola | $ 21,538,000,488.00 | 3.00% | $ 640,000,010 |
| Kraft Heinz | $ 8,976,123,932.00 | 5.80% | $ 521,015,717 |
| American Express | $ 17,912,804,436.00 | 1.50% | $ 260,770,408 |
| U.S. Bancorp | $ 7,230,308,127.00 | 3.10% | $ 222,532,151 |
| JPMorgan Chase | $ 7,155,777,885.00 | 3.00% | $ 214,253,750 |
| General Motors | $ 2,621,583,333.00 | 4.20% | $ 109,849,937 |
| Bank of New York Mellon | $ 3,602,112,398.00 | 2.80% | $ 100,362,191 |
| Goldman Sachs Group | $ 3,763,045,762.00 | 2.40% | $ 91,768,175 |
| Moody’s | $ 5,382,945,484.00 | 0.90% | $ 49,339,556 |
| PNC Financial Services Gr | $ 1,234,671,374.00 | 3.20% | $ 39,886,848 |
| Southwest Airlines | $ 2,888,205,333.00 | 1.30% | $ 38,627,435 |
| STORE Capital | $ 701,199,112.00 | 3.70% | $ 26,070,343 |
| M&T Bank | $ 815,002,278.00 | 2.60% | $ 21,528,160 |
| Phillips 66 | $ 592,363,638.00 | 3.40% | $ 19,989,773 |
| Travelers Companies | $ 843,618,830.00 | 2.30% | $ 19,543,522 |
| Synchrony Finl | $ 703,661,491.00 | 2.60% | $ 18,306,640 |
| American Airlines Group | $ 1,220,759,477.00 | 1.40% | $ 17,480,000 |
| Restaurant Brands Intl | $ 585,444,027.00 | 2.90% | $ 16,876,450 |
| Suncor Energy | $ 324,138,531.00 | 4.20% | $ 13,648,675 |
| Costco Wholesale | $ 1,304,233,955.00 | 0.90% | $ 11,266,743 |
| Visa | $ 1,877,265,971.00 | 0.60% | $ 10,562,460 |
| Sirius XM Holdings | $ 893,004,332.00 | 0.80% | $ 7,337,117 |
Table 3: Biggest Dividend Payouts from Buffett Stocks
Buffett’s Best Stocks For Dividend Yield
Are you a dividend hunter looking to invest in a company with a great dividend yield? If so this is the right section to read. The fact that Warren Buffett is a major stakeholder in a company practically gurantees that, at ALL COSTS, the dividend must be paid, and preferably increased.
In the last two years, Kraft Heinz has seen a serious deterioration in stock price, down from $96 to $27 a 70% drop. This means that the dividend yield on KHC is a large 5.8% at the current stock price.
| Company | Value | Div. Yield | Exp. Yearly Dividends |
| Kraft Heinz | $ 8,976,123,932.00 | 5.80% | $ 521,015,717 |
| General Motors | $ 2,621,583,333.00 | 4.20% | $ 109,849,937 |
| Suncor Energy | $ 324,138,531.00 | 4.20% | $ 13,648,675 |
| Wells Fargo | $ 20,328,315,972.00 | 4.10% | $ 835,999,681 |
| STORE Capital | $ 701,199,112.00 | 3.70% | $ 26,070,343 |
| Phillips 66 | $ 592,363,638.00 | 3.40% | $ 19,989,773 |
| PNC Financial Services Gr | $ 1,234,671,374.00 | 3.20% | $ 39,886,848 |
| United Parcel Service | $ 7,031,772.00 | 3.20% | $ 228,096 |
| U.S. Bancorp | $ 7,230,308,127.00 | 3.10% | $ 222,532,151 |
| Coca-Cola | $ 21,538,000,488.00 | 3.00% | $ 640,000,010 |
| JPMorgan Chase | $ 7,155,777,885.00 | 3.00% | $ 214,253,750 |
| Restaurant Brands Intl | $ 585,444,027.00 | 2.90% | $ 16,876,450 |
| Bank of New York Mellon | $ 3,602,112,398.00 | 2.80% | $ 100,362,191 |
| Johnson & Johnson | $ 44,907,557.00 | 2.80% | $ 1,242,980 |
| M&T Bank | $ 815,002,278.00 | 2.60% | $ 21,528,160 |
| Synchrony Finl | $ 703,661,491.00 | 2.60% | $ 18,306,640 |
| Procter & Gamble | $ 36,966,458.00 | 2.60% | $ 941,027 |
| Bank of America | $ 28,484,927,089.00 | 2.40% | $ 682,387,227 |
| Goldman Sachs Group | $ 3,763,045,762.00 | 2.40% | $ 91,768,175 |
| Travelers Companies | $ 843,618,830.00 | 2.30% | $ 19,543,522 |
| Mondelez International | $ 31,561,690.00 | 2.10% | $ 658,920 |
| American Express | $ 17,912,804,436.00 | 1.50% | $ 260,770,408 |
| American Airlines Group | $ 1,220,759,477.00 | 1.40% | $ 17,480,000 |
| Apple | $ 58,435,101,652.00 | 1.30% | $ 768,735,114 |
| Southwest Airlines | $ 2,888,205,333.00 | 1.30% | $ 38,627,435 |
Table 4: Highest Dividend Yielding Buffett Stocks
Margin of Safety of Buffett’s Stocks
Warren Buffet himself has popularised the concept of margin of safety. I argue this is the single most important criteria used by the Oracle of Omaha.
I will let him explain Margin of Safety in his own unique style.
If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger the margin of safety you’d need. If you’re driving a truck across a bridge that says it holds 10,000 pounds and you’ve got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay; but if it’s over the Grand Canyon, you may feel you want a little larger margin of safety. Warren Buffett
In other words, the Margin of Safety is the percentage difference between a company’s Fair Value per share and its actual stock price. If a company has profits and assets that outweigh a company’s stock market valuation, this represents a Margin of Safety for the investor. The higher the margin of safety the better.
So, if you want to buy the best value Warren Buffett stocks, this is the list.
The 15 Best Warren Buffett Value Stocks
| Company | Price | Fair Value | Margin of Safety |
| M&T Bank | $ 151.43 | $217.83 | 44% |
| Travelers Companies | $ 141.59 | $197.62 | 40% |
| American Express | $ 118.15 | $164.70 | 39% |
| Mastercard | $ 277.12 | $385.02 | 39% |
| Procter & Gamble | $ 117.21 | $160.15 | 37% |
| United Parcel Service | $ 118.38 | $160.01 | 35% |
| Bank of New York Mellon | $ 44.51 | $59.97 | 35% |
| Synchrony Finl | $ 33.83 | $45.78 | 35% |
| Visa | $ 177.73 | $240.80 | 35% |
| Suncor Energy | $ 30.13 | $40.03 | 33% |
| PNC Financial Services Gr | $ 142.39 | $189.34 | 33% |
| Johnson & Johnson | $ 137.29 | $181.11 | 32% |
| Moody’s | $ 218.20 | $288.19 | 32% |
| Phillips 66 | $ 106.68 | $139.88 | 31% |
| Costco Wholesale | $ 300.98 | $392.88 | 31% |
Best Stocks in terms of Margin of Safety in the Buffett Portfolio – Data from Stock Rover – Award-Winning Value Screener
As you can see, M&T Bank, Travellers, American Express and Mastercard are by Buffett’s own measures extremely undervalued. These stocks may be worthy of consideration to add to your own income and growth portfolio.
Complete List of Warren Buffett Stocks
| Ticker | Company | Quantity | Cost Per Share | Value |
| AAPL | Apple Inc. | 249,589,329 | $ 235.33 | $ 58,735,856,794 |
| BAC | Bank of America Corp | 947,760,000 | $ 30.38 | $ 28,792,948,800 |
| KO | Coca-Cola Co | 400,000,000 | $ 53.80 | $ 21,520,000,000 |
| WFC | Wells Fargo & Co | 409,803,773 | $ 50.04 | $ 20,506,580,801 |
| AXP | American Express Company | 151,610,700 | $ 118.47 | $ 17,961,319,629 |
| KHC | Kraft Heinz Co | 325,634,818 | $ 27.54 | $ 8,967,982,888 |
| USB | U.S. Bancorp | 132,459,618 | $ 54.92 | $ 7,274,682,221 |
| JPM | JPMorgan Chase & Co. | 59,514,932 | $ 120.77 | $ 7,187,618,338 |
| MCO | Moody’s Corporation | 24,669,778 | $ 217.67 | $ 5,369,870,577 |
| GS | Goldman Sachs Group Inc | 18,353,635 | $ 207.91 | $ 3,815,904,253 |
| DAL | Delta Air Lines, Inc. | 70,910,456 | $ 53.53 | $ 3,795,836,710 |
| BK | Bank of New York Mellon Corp | 80,937,250 | $ 44.91 | $ 3,634,891,898 |
| LUV | Southwest Airlines Co | 53,649,213 | $ 54.09 | $ 2,901,885,931 |
| GM | General Motors Company | 72,269,696 | $ 36.40 | $ 2,630,616,934 |
| VRSN | Verisign, Inc. | 12,952,745 | $ 185.77 | $ 2,406,231,439 |
| CHTR | Charter Communications Inc | 5,426,609 | $ 438.13 | $ 2,377,560,201 |
| DVA | Davita Inc | 38,565,570 | $ 57.42 | $ 2,214,435,029 |
| UAL | United Airlines Holdings Inc | 21,938,642 | $ 90.32 | $ 1,981,498,145 |
| V | Visa Inc | 10,562,460 | $ 178.32 | $ 1,883,497,867 |
| MA | Mastercard Inc | 4,934,756 | $ 279.03 | $ 1,376,944,967 |
| LSXMK | Liberty Sirius XM Group Series C | 31,090,985 | $ 43.50 | $ 1,352,457,848 |
| COST | Costco Wholesale Corporation | 4,333,363 | $ 300.18 | $ 1,300,788,905 |
| PNC | PNC Financial Services Group Inc | 8,671,054 | $ 143.56 | $ 1,244,816,512 |
| AAL | American Airlines Group Inc | 43,700,000 | $ 28.40 | $ 1,241,080,000 |
| AMZN | Amazon.com, Inc. | 537,300 | $ 1,796.42 | $ 965,216,466 |
| SIRI | Sirius XM Holdings Inc | 137,915,729 | $ 6.45 | $ 889,556,452 |
| TRV | Travelers Companies Inc | 5,958,391 | $ 142.10 | $ 846,687,361 |
| MTB | M&T Bank Corporation | 5,382,040 | $ 153.64 | $ 826,896,626 |
| SYF | Synchrony Financial | 20,803,000 | $ 33.84 | $ 703,973,520 |
| STOR | Store Capital Corp | 18,621,674 | $ 37.54 | $ 699,057,642 |
| AXTA | Axalta Coating Systems Ltd | 24,264,000 | $ 28.79 | $ 698,560,560 |
| LSXMA | Liberty Sirius XM Group Series A | 14,860,360 | $ 43.01 | $ 639,144,084 |
| PSX | Phillips 66 | 5,552,715 | $ 106.90 | $ 593,585,234 |
| QSR | Restaurant Brands International Inc | 8,438,225 | $ 69.26 | $ 584,431,464 |
| LBTYA | Liberty Global PLC Class A | 19,791,000 | $ 25.63 | $ 507,243,330 |
| STNE | StoneCo Ltd | 14,166,748 | $ 34.78 | $ 492,719,495 |
| SU | Suncor Energy Inc. | 10,758,000 | $ 30.10 | $ 323,815,800 |
| TEVA | Teva Pharmaceutical Industries Ltd | 43,249,295 | $ 7.22 | $ 312,259,910 |
| LBTYK | Liberty Global PLC Class C | 7,346,968 | $ 24.59 | $ 180,661,943 |
| LILA | Liberty Latin America Ltd Class A | 2,714,854 | $ 18.34 | $ 49,790,422 |
| JNJ | Johnson & Johnson | 327,100 | $ 136.68 | $ 44,708,028 |
| PG | Procter & Gamble Co | 315,400 | $ 117.16 | $ 36,952,264 |
| MDLZ | MONDELEZ INTERNATIONAL INC Common Stock | 578,000 | $ 54.72 | $ 31,628,160 |
| LILAK | Liberty Latin America Ltd Class C | 1,284,020 | $ 18.17 | $ 23,330,643 |
| UPS | United Parcel Service, Inc. | 59,400 | $ 117.92 | $ 7,004,448 |
The Key Warren Buffett Stocks In The Portfolio
Managing Your Value Portfolio
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Data Used In This Analysis.