From Nasdaq, Inc.:

1. This year will be different for Warren Buffet, as his long-time partner Charlie Munger passed away last year. Berkshire Hathaway has huge stakes in a few holdings, with almost 80% of the portfolio invested in six stocks.

2. Apple is Buffet’s top stock, making up 47% of the portfolio. Bank of America is the second-largest holding at 9.6%. American Express is the third-largest holding, making up 7.8% of Berkshire’s portfolio.

3. The Coca-Cola Company is Berkshire’s fourth-biggest holding, comprising 6.6% of the portfolio. Chevron falls at number five, comprising 4.6% of Berkshire’s portfolio. Occidental Petroleum is Berkshire’s sixth-largest position, making up 4.1% of the total portfolio.

4. Among Berkshire’s top holdings, American Express and Occidental Petroleum are most likely to succeed in 2024. Buffett will likely expand his stake in Occidental, helping push shares higher.

5. The Motley Fool’s Stock Advisor analyst team identified 10 best stocks, but Occidental Petroleum wasn’t one of them. The 10 stocks that made the cut could produce significant returns in the coming years.

6. Bank of America is an advertising partner of The Ascent, a Motley Fool company. American Express is an advertising partner of The Ascent, a Motley Fool company. Keith Speights has positions in Apple, Bank of America, and Berkshire Hathaway. The Motley Fool has positions in and recommends Apple, Bank of America, and Berkshire Hathaway.

This offers insight into Buffet’s investment strategies, the high stakes of Berkshire Hathaway in select stocks, and the reason behind the success of certain stocks like Apple and which stocks may succeed in the new year like Occidental Petroleum.



Read more: Nearly 80% of Warren Buffett’s Portfolio Is Invested in These 6 Stocks as 2024 Begins