Billionaire Warren Buffett is now betting a whopping $120 billion on just two assets. The chairman and CEO of Berkshire Hathaway has allocated 40.1% of the firm’s portfolio to Apple (AAPL) and American Express (AXP), according to new SEC filings . Berkshire initiated its investment in Apple back in 2016 and has adjusted its holdings multiple times, including significant reductions this year. And the firm’s steady exposure to American Express comes despite a years-long departure from the US banking sector and a multi billion-dollar exodus from positions in Bank of America (BAC), JPMorgan Chase and Wells Fargo. Buffett has held American Express stock since the mid 90’s and has said he’ll never sell it, touting its strong brand, loyal customer base, wide economic moat and consistent profitability. As Buffett continues to sell Bank of America shares, BAC now sits in the number three position in Berkshire’s portfolio, with about $35 billion invested, representing 11.7% of the portfolio. Overall, Buffett continues to exercise caution in the markets, with Berkshire now sitting on $325 billion in cash and equivalents, nearly double the amount at the end of 2023. Berkshire has about $300 billion invested – here’s a look at the firm’s top 10 positions at time of publishing. Apple Inc (AAPL) – $74.4 billion Held, 24.8% of Portfolio American Express Co (AXP) – $45.8 billion Held, 15.3% of Portfolio Bank of America Corp (BAC) – $35.0 billion Held, 11.7% of Portfolio Coca-Cola Co (KO) – $25.2 billion Held, 8.4% of Portfolio Chevron Corp (CVX) – $18.3 billion Held, 6.1% of Portfolio Occidental Petroleum Corp (OXY) – $12.2 billion Held, 4.1% of Portfolio Moody’s Corp (MCO) – $12.1 billion Held, 4.0% of Portfolio Kraft Heinz Co (KHC) – $10.3 billion Held, 3.4% of Portfolio Chubb Ltd (CB) – $7.5 billion Held, 2.5% of Portfolio Itochu Corporation (8001:TYO) – $5.9 billion Held, 2.0% of Portfolio Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Billionaire Warren Buffett Bets $120,000,000,000 on Two Assets After Dumping Bank of America, JPMorgan Chase, Wells Fargo appeared first on The Daily Hodl .
