Which bank stocks does Warren Buffett own?
Bank of America (BAC)
Currently, Buffett owns more than 1 billion shares of BAC stock, a stake that's valued at approximately $35 billion. This is Buffett's largest bank holding and one that he has held on to for a long time despite market swings.
Bank of America (BAC)
Currently, Buffett owns more than 1 billion shares of BAC stock, a stake that's valued at approximately $35 billion. This is Buffett's largest bank holding and one that he has held on to for a long time despite market swings.
| Stock | Number of Shares Owned | Value of Stake |
|---|---|---|
| Coca-Cola (NYSE:KO) | 400,000,000 | $23.8 billion |
| Chevron (NYSE:CVX) | 126,093,326 | $18.9 billion |
| Occidental Petroleum (NYSE:OXY) | 248,018,128 | $15.1 billion |
| Kraft Heinz (NASDAQ:KHC) | 325,634,818 | $11.3 billion |
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).
- Bank of America (BAC), 1.03 billion.
- Apple (AAPL), 905.6 million.
- Coca-Cola (KO), 400 million.
- Kraft Heinz (KHC), 325.6 million.
- Occidental Petroleum (OXY), 248.1 million.
- American Express (AXP), 151.6 million.
- Chevron (CVX), 126.1 million.
- Nu Holdings (NU), 107.1 million.
Bank of America Corp (BAC)
At the end of March 2023, Buffett's company owns 1.01 billion shares, a value of about $33.45 billion. Buffett became a major investor in Bank of America when he bought $5 billion of shares during the 2011 debt-ceiling crisis.
Today, Buffett owns 12.81% of the bank's outstanding shares. BofA makes up 9.03% of Berkshire Hathaway's portfolio, the firm's second largest investment, according to Benzinga.com.
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)
| Stock | Q4 change in shares | Change |
|---|---|---|
| Apple Inc. (AAPL) | -10,000,382 | -1.1% |
| Occidental Petroleum Corp. (OXY) | +243,715,804 | +8.7% |
| D.R. Horton Inc. (DHI) | -5,969,714 | Sold all |
| Paramount Global (PARA) | -30,408,484 | -32.4% |
What is Warren Buffett's biggest stock holding?
Apple is Berkshire's largest public stock holding by far. Berkshire's $155 billion Apple stake is roughly four times larger than its second-largest holding. Buffett first bought Apple shares in the first quarter of 2016, and Apple's stock price is up more than 500% since the beginning of 2016.
The highest analyst price target is $45.00 ,the lowest forecast is $33.00. The average price target represents 13.49% Increase from the current price of $35.21. What do analysts say about Bank of America? Bank of America's analyst rating consensus is a Moderate Buy.
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.
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.
As of March 15, 44% ($159 billion) of the $366 billion portfolio Buffett oversees at Berkshire Hathaway was being put to work in three widely owned AI stocks -- and no, Nvidia isn't one of them.
Is Bank of America stock a Buy, Sell or Hold? Bank of America stock has received a consensus rating of buy. The average rating score is A1 and is based on 49 buy ratings, 23 hold ratings, and 6 sell ratings.
The majority of Gates' financial assets are investments in corporations managed by Cascade Investments, LLC, an entity now partially run by Gates to purchase stakes in various businesses. He is assumed to have roughly $12 billion stored here, for future investments.
JP Morgan Private Bank
“J.P. Morgan Private Bank is known for its investment services, which makes them a great option for those with millionaire status,” Kullberg said. “With J.P. Morgan, each client is given access to a panel of experts, including experienced strategists, economists and advisors.”
He's been a longtime fan of bank stocks because of their business models. The legendary investor knows that people and businesses will always need safe places to park their cash. And he knows that they'll always need access to additional capital.
No, Bank of America isn't owned by China. BofA is an American multinational investment bank that has a partnership with China Construction Bank. In 2011 they decided to sell about half of their stake (about 13.1 billion) in the Chinese company.
How much Wells Fargo does Warren Buffett own?
At the end of 2020, Berkshire owned 52.4 million shares of Wells Fargo (NYSE: WFC). Since then, Berkshire (NYSE: BRK. A) (NYSE: BRK.B) has rapidly jettisoned most of its Wells Fargo stake, holding just 675,000 shares a year later. Now it's reached zero.
Berkshire Hathaway (BRK. A 1.18%)(BRK. B 1.3%): Warren Buffett's Berkshire Hathaway is the largest Bank of America shareholder, with 1.03 billion shares amounting to a 13% stake. As of March 2024, it was the second-largest of Warren Buffett's stock holdings after Apple (AAPL -1.22%), worth almost $37 billion.
When he goes down a track that doesn't make sense, he does not pay attention to anything, which is a weakness for a big business leader like him. His biggest weakness is greed. He loves money too much that it interfered with his relationship with his family for a long time.
| 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% |
Key Points. Warren Buffett made his fortune by investing in individual companies with great long-term advantages. But his top recommendation for anyone is to buy a simple index fund. Buffett's recommendation underscores the importance of diversification.
