Insights into Warren Buffett (Trades, Portfolio)'s Fourth Quarter 2024 13F Filing
Warren Buffett (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. Warren Buffett (Trades, Portfolio) is the most respected and successful investor in history, having been called "The Oracle of Omaha" for his impressive investing prowess. Buffett studied under the legendary Benjamin Graham at Columbia University; Graham had a major impact on Buffett's life and investment strategies. Buffett is Chairman of the miraculous Berkshire Hathaway, which he built from a textile company into a major insurance conglomerate. Warren Buffett (Trades, Portfolio) follows a value investing strategy that is an adaptation of Benjamin Graham's approach. His investment strategy of discipline, patience and value consistently outperforms the market and his moves are followed by thousands of investors worldwide. Buffett seeks to acquire great companies trading at a discount to their intrinsic value, and to hold them for a long time. Berkshire invests only in businesses that Buffett understands, and always insists on a margin of safety. Regarding the types of businesses Berkshire likes to purchase, Buffett stated, "We want businesses to be one (a) that we can understand; (b) with favorable long-term prospects; (c) operated by honest and competent people; and (d) available at a very attractive price."
Summary of New Buy
Warren Buffett (Trades, Portfolio) added a total of 1 stock, among them:
- The most significant addition was Constellation Brands Inc (STZ, Financial), with 5,624,324 shares, accounting for 0.47% of the portfolio and a total value of $1.24 billion.
Key Position Increases
Warren Buffett (Trades, Portfolio) also increased stakes in a total of 5 stocks, among them:
- The most notable increase was Domino's Pizza Inc (DPZ, Financial), with an additional 1,104,744 shares, bringing the total to 2,382,000 shares. This adjustment represents a significant 86.49% increase in share count, a 0.17% impact on the current portfolio, with a total value of $999,868,320.
- The second largest increase was Occidental Petroleum Corp (OXY, Financial), with an additional 8,896,890 shares, bringing the total to 264,178,414. This adjustment represents a significant 3.49% increase in share count, with a total value of $13,053,055,440.
Summary of Sold Out
Warren Buffett (Trades, Portfolio) completely exited 3 of the holdings in the fourth quarter of 2024, as detailed below:
- SPDR S&P 500 ETF Trust (SPY, Financial): Warren Buffett (Trades, Portfolio) sold all 39,400 shares, resulting in a -0.01% impact on the portfolio.
- Vanguard S&P 500 ETF (VOO, Financial): Warren Buffett (Trades, Portfolio) liquidated all 43,000 shares, causing a -0.01% impact on the portfolio.
Key Position Reduces
Warren Buffett (Trades, Portfolio) also reduced positions in 8 stocks. The most significant changes include:
- Reduced Bank of America Corp (BAC, Financial) by 117,449,720 shares, resulting in a -14.72% decrease in shares and a -1.75% impact on the portfolio. The stock traded at an average price of $44.07 during the quarter and has returned 2.90% over the past 3 months and 6.87% year-to-date.
- Reduced Citigroup Inc (C, Financial) by 40,605,295 shares, resulting in a -73.5% reduction in shares and a -0.96% impact on the portfolio. The stock traded at an average price of $67.49 during the quarter and has returned 24.85% over the past 3 months and 20.88% year-to-date.
Portfolio Overview
At the fourth quarter of 2024, Warren Buffett (Trades, Portfolio)'s portfolio included 39 stocks, with top holdings including 28.12% in Apple Inc (AAPL, Financial), 16.84% in American Express Co (AXP, Financial), 11.19% in Bank of America Corp (BAC), 9.32% in Coca-Cola Co (KO, Financial), and 6.43% in Chevron Corp (CVX, Financial).
The holdings are mainly concentrated in 8 of all the 11 industries: Financial Services, Technology, Consumer Defensive, Energy, Communication Services, Healthcare, Consumer Cyclical, and Industrials.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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