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Berkshire’s Core Bets: Apple, American Express and Coca‑Cola Anchor Buffett’s Portfolio

The lineup signals a focus on wide moats built for steady cash flow.

Overview

  • Berkshire’s most recent portfolio disclosure shows a concentrated $284 billion stock portfolio led by Apple at 22.6%, American Express at 20.5%, Bank of America at 10.4%, Coca‑Cola at 10.2%, and Chevron at 7.2%.
  • Warren Buffett handed the CEO role to Greg Abel at the end of 2025 but remains executive chairman and the largest shareholder, preserving his influence on the holdings.
  • Coca‑Cola endures in the portfolio because its global brand is hard to dislodge, which is why it has been a core holding since 1988.
  • American Express stands out because it runs a payment network and a bank, which lets it earn card fees and interest from a generally loyal, high‑spending customer base that Buffett first backed in 1964.
  • Buffett began buying Apple in 2016 and framed it less as a tech bet and more as a consumer franchise that fits his rule of simple, durable businesses.