What gold stock does Warren Buffett own?
Given Buffett's aversion to gold, market watchers were understandably surprised when Berkshire Hathaway invested in Barrick Gold (TSX:ABX,NYSE:GOLD) in Q2 2020, paying around US$560 million for about 21 million shares of the major gold miner.
- Apple (AAPL).
- Bank of America (BAC).
- American Express Co. (AXP).
- Coca-Cola Co. (KO).
- Chevron (CVX).
- Occidental Petroleum (OXY).
- Kraft Heinz (KHC).
- Moody's Corp. (MCO).
Ray Dalio says he owns gold partly to hedge against debt and inflation risks. The legendary hedge fund founder cast another warning on rising debt balances around the world. He's warned investors of a US debt crisis, which could push the economy into a balance sheet recession.
These were the stocks Buffett had in his portfolio heading into 2024. Some top picks of Berkshire are Apple Inc. (NASDAQ:AAPL), Coca-Cola Co (NYSE:KO) and Chevron Corp (NYSE:CVX).
What stock did Warren Buffett recently buy? Buffett bought shares of Chevron, Occidental Petroleum, and Sirius XM Holdings in the fourth quarter of 2023.
Berkshire Hathaway owns about 50 stocks at a given time and is diversified across industries and categories. However, it leans toward value stocks and has a high concentration of financial stocks. American Express and Bank of America are two of Buffett's favorite stocks.
- Palo Alto Networks Inc. (ticker: PANW)
- Nvidia Corp. (NVDA)
- Apple Inc. (AAPL)
- Microsoft Corp. (MSFT)
- Alphabet Inc. (GOOG)
- Tesla Inc. (TSLA)
- AllianceBernstein Holding LP (AB)
- Walt Disney Co. (DIS)
Although it has some industrial applications, it is not virtually irreplaceable as silver so often is. Gold makes pretty jewelry, but it is by and large without practical uses. 7 In Buffett's opinion, since it has virtually no inherent value, it is not a good financial asset.
Given Buffett's aversion to gold, market watchers were understandably surprised when Berkshire Hathaway invested in Barrick Gold (TSX:ABX,NYSE:GOLD) in Q2 2020, paying around US$560 million for about 21 million shares of the major gold miner.
| Ticker | Company | Performance (1 Year) |
|---|---|---|
| EGO | Eldorado Gold Corp. | 38.35% |
| KGC | Kinross Gold Corp. | 33.55% |
| IAG | Iamgold Corp. | 22.88% |
| AGI | Alamos Gold Inc. | 21.20% |
What stocks has Warren Buffett held the longest?
American Express Company (NYSE:AXP), Visa Inc. (NYSE:V), The Coca-Cola Company (NYSE:KO), and Moody's Corporation (NYSE:MCO) are some of Warren Buffett's longest held stocks.
NYSE: BRK.B
There's currently $167 billion on the books, which alone would be one of the world's largest companies at that market cap. It's safe to say that Berkshire Hathaway can be bought and held indefinitely without losing a wink of sleep.
Following the sale, Berkshire Hathaway's stake in Apple now represents 5.9% of the tech behemoth, valued at around $176 billion. This constitutes more than half of Berkshire Hathaway's stock portfolio, which exceeds $300 billion in total value.
The Buffett Rule is the basic principle that no household making over $1 million annually should pay a smaller share of their income in taxes than middle-class families pay. Warren Buffett has famously stated that he pays a lower tax rate than his secretary, but as this report documents this situation is not uncommon.
| Ticker | Company | % Portfolio |
|---|---|---|
| MSFT | Microsoft Corp. | 33.98% |
| BRK.B | Berkshire Hathaway Inc. | 16.80% |
| CNI | Canadian National Railway Co. | 16.29% |
| WM | Waste Management Inc. | 14.92% |
Warren Buffett's Unwavering Choice: The 2014 Cadillac XTS
Buffett's current vehicle, the 2014 Cadillac XTS that he has owned for approximately ten years, is a testament to his reputation for frugality.
Berkshire Hathaway posted its highest-ever operating profit, of just over $10 billion, in the second quarter of 2023, the company disclosed in its earnings announced Saturday (Aug. 5).
| Company | Shares held | Percent of portfolio |
|---|---|---|
| Apple (AAPL) | 905,560,000 | 50.19% |
| Bank of America (BAC) | 1,032,852,006 | 10.01% |
| American Express (AXP) | 151,610,700 | 8.18% |
| Coca-Cola (KO) | 400,000,000 | 6.79% |
He has said he generally avoided tech stocks, and according to Berkshire's most recent 13F filing for the fourth quarter, the company held no stake in Nvidia.
| Stock | Politician | Filed |
|---|---|---|
| NS Nustar Energy L.p. Common Units | Chip Roy R House | Apr 11, 2024 |
| XOM Exxon Mobil Corporation Common Stock | Chip Roy R House | Apr 11, 2024 |
| T At&T Inc. | Chip Roy R House | Apr 11, 2024 |
| ET Energy Transfer Lp Common Units | Chip Roy R House | Apr 11, 2024 |
Why is Nvidia stock so high?
Underlying Nvidia's stock price increase is soaring demand for the company's GPUs. Demand for Nvidia's AI-focused chips soared 410% to $18.4 billion in the January 2024-ending quarter.
Pelosi buys after post-earnings dip. Pelosi started her long-dated call position in Palo Alto shortly after the stock nosedived 28.50% following its fiscal second-quarter earnings report toward the end of February. The quarter itself was solid.
Warren Buffett's investment firm sold all its stake in Barrick Gold (TSX:ABX)(NYSE:GOLD) in the last quarter. Let's explore the key possible reasons for his decision to sell this Canadian mining company's shares.
We know why gold is a good investment for billionaires: it has historically been a safe investment and hedge against inflation; it's now trading at a record high price; demand for gold is increasing as people want to protect themselves from economic uncertainty, while supply of gold is low due to new regulations on ...
Gold in Rich Investors' Portfolios
The average UHNWI holds about 2% of their net worth in gold. While that's more than they keep in cryptocurrencies (1%), it's less than they keep in any other asset classes.
