The top 20 companies in Berkshire Hathaway, Apple (AAPL): 40%. Bank of America Corp (BAC): 11.5%. Chevron Corporation (CVX): 9.3%. Coca-Cola Company (KO): 7.3%.
American Express Company (AXP): 6.8%. Occidental Petroleum Corporation (OXY): 4.5%. Kraft Heinz Co (KHC) — 3.6%. Moody's Corporation (MCO): 2.2%.
MCO is an important and longtime shareholder in Berkshire Hathaway's portfolio, and it's also ironic. In addition to eliminating Suncor Energy (SU (opens in a new tab)) from the portfolio, Berkshire abandoned just over half of its position in CVX and kept 24.8 million shares. In fact, JEF shareholders will be very interested to see if Berkshire Hathaway goes ahead or if it simply languishes like many of the holding's other essentially irrelevant investments. Bancorp's position has not been immune to the recent downsizing of Berkshire Hathaway's stock portfolio, but Buffett has left it largely intact.
As such, BK fell to a weighting of around 0.8% in Berkshire Hathaway's stock portfolio from more than 1.0% three months earlier. Priced at more than a thousand dollars each, MKL stocks are not as easy to rise and fall as stocks in garden varieties. Berkshire isn't even among the top 100 shareholders of Mondelez, with only 0.04% of MDLZ shares outstanding, according to data from S%26P Global Market Intelligence. Naturally, the world's largest long-term investor used the blackout as an opportunity to get hold of stocks at increasingly attractive prices.
Berkshire owns several insurance companies, including GEICO, Cypress Insurance, General Re, Berkshire Hathaway Re and National Fire %26 Marine Insurance Co. However, while StoneCo is not necessarily included in Buffett's stock market plan, it fits well with Berkshire Hathaway's overall upward trend with respect to companies that facilitate and process payments. When you add Berkshire's investments in the two monitoring funds, you begin to realize that those investments are probably largely symbolic. According to Berkshire Hathaway's most recent regulatory filing (opens in a new tab), filed with the Securities and Exchange Commission in November.
Berkshire Hathaway, which owns 20.3% of the outstanding shares of American Express, is by far the company's largest shareholder. Shares owned by Warren Buffett's holding company, Berkshire Hathaway, as reported to the Securities and Exchange Commission in documents submitted to the public. Bank B shares over the past two years, but Ally has become a major exception to that general decline. Warren Buffett once again reduced Berkshire Hathaway's exposure to one of his most recent favorite stock picks in the third quarter.