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There is a consensus on Wall Street that Warren Buffett is the greatest living investor. He's called the "Oracle of Omaha," and has managed to realize double the annual gains of the S&P 500. He took control of Berkshire Hathaway, his brainchild firm, in 1965. Since then, his stock portfolio has generated an annualized return of 19.8% vs. the 10.2% from the S&P 500. Around 80-90% of investors fail to even match that index.
What's more remarkable is how timeless his investment strategy has been. It has survived multiple recessions, shifts in economic policies, and has kept performing even when the U.S. shifted from manufacturing to services.
These days, Buffett is taking a more conservative approach to investing. He has been a net seller for over three years, but his portfolio of stocks is still large and in the hundreds of billions.
The stock market today is hard to navigate, but looking into Buffett's evergreen investments may be just what you need. This slideshow looks at the top three stocks he currently holds.
This slideshow was updated on November 17, 2025, with new Q3 2025 information.
Warren Buffett's Berkshire Hathaway
Berkshire Hathaway is a conglomerate with a diverse portfolio of businesses, stocks, bonds, and other assets. It is Buffett's primary investment vehicle.
The name Warren Buffett and Berkshire Hathaway have become synonymous over the decades. His investments are Berkshire's investments, and vice versa. Investors will use Buffett and Berkshire interchangeably as long as he has the final say.
A Wall Street Giant
Berkshire's latest 13F filing showed that the company was holding $267.34 billion in stocks, over half of which are in the top three. The company also operates fully-owned businesses in insurance, railroad, utilities, energy, manufacturing, services, and retail. Combined, these businesses are an even bigger source of revenue for Berkshire.
Warren Buffett's Strategy
Analysts meticulously study each move made by Warren Buffett. He buys companies with durable economic moats and does so at below intrinsic prices, holding them patiently afterwards. Qualitative insight and management quality matter more to him than spreadsheet precision, and this has led to superior returns. Even when Greg Abel takes over, this doctrine is unlikely to change.
Berkshire By the Numbers
- Net Assets: $700.4 billion as of Q3 2025.
- Net Income: $30.8 billion.
- Over $377.5 billion in cash + Treasuries.
- BRK.B is up 121.69% in the past five years, compared to 87.56% for the S&P.
#3 Holding: Bank of America (BAC)
- Massive bank with stable cash flows, considered "too big to fail".
- Comes with a modest but growing dividend yield of 2.18%.
- A colossal $40 billion buyback program was authorized this summer.
- Warren Buffett's stake amounts to $29.31 billion, or 10.96% of his portfolio.
#2 Holding: American Express (AXP)
- A premium payment card company with strong recent performance.
- The customer base is less susceptible to shocks, and the business is gaining popularity with Gen Z.
- AXP comes with a modest dividend yield of 0.96%.
- Warren Buffett's stake amounts to $50.36 billion, or 18.84% of his portfolio.
#1 Holding: Apple (AAPL)
- An exceptionally loyal customer base.
- The company's products lock customers into a walled garden, giving Apple immense pricing power.
- AAPL stock comes with a small dividend yield of 0.52%.
- Apple constitutes the largest share of the pie. His stake is worth $60.66 billion, or 22.69% of his portfolio.
Why Apple?
Apple has almost everything Buffett wants: a strong moat, a well-established business with great margins and pricing power, and shareholder-friendly policies through buybacks. At one point, over half of Berkshire Hathaway's stock portfolio was allocated to just Apple.
Buffett Remains a Bull on Apple
At Berkshire's 2025 Annual Shareholder Meeting, Buffett remarked, "I'm somewhat embarrassed to say that Tim Cook has made Berkshire a lot more money than I've ever made Berkshire Hathaway." He has trimmed his stake in Apple, but it continues to be his biggest holding.
Key Takeaways
Warren Buffett has leaned more cash-heavy, perhaps to take advantage of the higher interest rate or to wait for more buying opportunities. However, he still retains significant investments in quality companies with strong recurring cash flows. He likely sees these stocks outperforming the broader market in the long run.