Key Points
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Warren Buffett is considered by many to be the greatest living investor.
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Buffett, 95, is stepping down as CEO of Berkshire Hathaway, but his successor Greg Abel is expected to largely follow Buffet’s investment strategy.
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As Buffett departs, here are the three largest holdings in his fund (as of Q3 2025).
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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. 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.
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.
The stock market today is hard to navigate, but looking into Buffett’s evergreen investments may be just what you need. Here are the top three stocks he currently holds, as of the third quarter of 2025.
#3 Holding: Bank of America (BAC)
This massive bank has stable cash flows, and considered “too big to fail.” The stock 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)
This premium payment card company has seen strong recent performance. Its customer base is less susceptible to economic shocks, and the brand is gaining popularity with Gen Z.
AXP comes with a modest dividend yield of 0.96%. Buffett’s stake amounts to $50.36 billion, or 18.84% of his portfolio.
#1 Holding: Apple (AAPL)
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 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. His stake is worth $60.66 billion, or 22.69% of his portfolio.
AAPL stock comes with a small dividend yield of 0.52%.
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