Dividend Growth Investor Newsletter

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Tuesday, August 15, 2023

Warren Buffett Portfolio Holdings

  Berkshire Hathaway is the holding company of super-investor Warren Buffett. He transformed a struggling textile mill into a conglomerate with a significant portfolio of equites and significant interests in railroads, insurance, utilities, industrials etc.

Because of the size of his equity portfolio investments, Berkshire Hathaway has to report its US equity holdings every quarter to the SEC. Some foreign investments are also reported to the corresponding Foreign securities regulator.

You can find the updated portfolio holdings for Berkshire Hathaway (BRK.A)(BRK.B) as of June 30, 2023

Name

Symbol

Shares

Ownership Percentage

Market Price

Market Value

Percentage of portfolio

Apple Inc

AAPL

915,560,382

5.90%

$177.87

$162,850,725,146

45.80%

Bank of America Corp

BAC

1,032,852,006

13.00%

$30.02

$31,006,217,220

8.70%

American Express Company

AXP

151,610,700

20.60%

$162.03

$24,565,481,721

6.90%

Coca-Cola Co

KO

400,000,000

9.20%

$60.63

$24,252,000,000

6.80%

Chevron Corporation

CVX

123,120,120

6.50%

$160.09

$19,710,300,011

5.50%

Occidental Petroleum Corp

OXY

224,129,192

25.30%

$63.81

$14,301,683,742

4.00%

Kraft Heinz Co

KHC

325,634,818

26.50%

$33.78

$10,999,944,152

3.10%

Moody’s Corp

MCO

24,669,778

13.40%

$333.59

$8,229,591,243

2.30%

Mitsubishi Corp

8058:TYO

119,497,600

8.30%

$49.27

$5,888,000,106

1.70%

Mitsui & Co

8031:TYO

125,022,300

8.10%

$38.36

$4,795,863,204

1.30%

Itochu Corporation

8001:TYO

118,331,800

7.50%

$39.24

$4,643,303,267

1.30%

HP Inc

HPQ

120,952,818

12.30%

$31.87

$3,854,766,310

1.10%

Davita Inc

DVA

36,095,570

39.50%

$104.73

$3,780,289,046

1.10%

BYD Co. Ltd

BYDDF

98,603,142

9.00%

$29.50

$2,908,792,689

0.80%

Verisign, Inc.

VRSN

12,815,613

12.40%

$206.19

$2,642,451,244

0.70%

Citigroup Inc

C

55,244,797

2.90%

$43.39

$2,397,071,742

0.70%

Kroger Co

KR

50,000,000

7.00%

$47.77

$2,388,500,000

0.70%

Marubeni Corp

8002:TYO

141,000,200

8.30%

$16.69

$2,352,653,028

0.70%

Sumitomo Corp

8053:TYO

101,210,400

8.20%

$20.41

$2,066,065,894

0.60%

Visa Inc

V

8,297,460

0.40%

$240.37

$1,994,460,460

0.60%

Charter Communications Inc

CHTR

3,828,941

2.60%

$427.66

$1,637,484,908

0.50%

Mastercard Inc

MA

3,986,648

0.40%

$395.15

$1,575,323,957

0.40%

Amazon.com, Inc.

AMZN

10,551,000

0.10%

$137.89

$1,454,877,390

0.40%

Paramount Global Class B

PARA

93,730,975

15.40%

$15.39

$1,442,519,705

0.40%

Aon PLC

AON

4,335,000

2.10%

$318.52

$1,380,784,200

0.40%

Capital One Financial Corp.

COF

12,471,030

3.30%

$106.98

$1,334,150,789

0.40%

Activision Blizzard Inc

ATVI

14,658,121

1.90%

$91.00

$1,333,889,011

0.40%

Liberty SiriusXM Series C

LSXMK

43,208,291

19.80%

$23.91

$1,033,110,238

0.30%

Snowflake Inc

SNOW

6,125,376

1.90%

$152.50

$934,119,840

0.30%

Nu Holdings Ltd

NU

107,118,784

2.30%

$7.89

$845,167,206

0.20%

Ally Financial Inc

ALLY

29,000,000

9.60%

$27.55

$798,950,000

0.20%

DR Horton Inc

DHI

5,969,714

1.80%

$126.25

$753,676,393

0.20%

General Motors Co

GM

22,000,000

1.60%

$33.40

$734,800,000

0.20%

T-Mobile Us Inc

TMUS

5,242,000

0.40%

$138.94

$728,323,480

0.20%

Markel Group Inc

MKL

471,661

3.60%

$1,492.72

$704,057,808

0.20%

Celanese Corporation

CE

5,358,535

4.90%

$119.73

$641,577,396

0.20%

Liberty Formula One Series C

FWONK

7,722,451

3.70%

$69.97

$540,339,896

0.20%

Floor & Decor Holdings Inc

FND

4,780,000

4.50%

$104.69

$500,418,200

0.10%

Liberty SiriusXM Series A

LSXMA

20,207,680

20.60%

$23.72

$479,326,170

0.10%

Louisiana-Pacific Corp

LPX

7,044,909

9.80%

$62.36

$439,320,525

0.10%

Globe Life Inc

GL

2,515,574

2.60%

$112.90

$284,008,305

0.10%

StoneCo Ltd

STNE

10,695,448

3.40%

$13.33

$142,570,322

0.00%

NVR Inc

NVR

11,112

0.30%

$6,175.00

$68,616,600

0.00%

Johnson & Johnson

JNJ

327,100

0.00%

$174.06

$56,935,026

0.00%

Procter & Gamble Co

PG

315,400

0.00%

$155.34

$48,994,236

0.00%

MONDELEZ INTERNATIONAL INC Common Stock

MDLZ

578,000

0.00%

$72.60

$41,962,800

0.00%

Diageo plc

DEO

227,750

0.00%

$171.40

$39,036,350

0.00%

Liberty Latin America Ltd Class A

LILA

2,630,792

5.90%

$9.30

$24,466,366

0.00%

Lennar Corp

LEN

152,572

0.10%

$125.70

$19,178,300

0.00%

Vanguard 500 Index Fund ETF

VOO

43,000

0.00%

$407.95

$17,541,850

0.00%

SPDR S&P 500 ETF Trust

SPY

39,400

0.00%

$443.99

$17,493,206

0.00%

Jefferies Financial Group Inc

JEF

433,558

0.20%

$34.31

$14,875,375

0.00%

Liberty Latin America Ltd Class C

LILAK

1,284,020

0.80%

$9.22

$11,838,664

0.00%

United Parcel Service, Inc.

UPS

59,400

0.00%

$173.39

$10,299,366

0.00%

Liberty Live Series A

LLYVA

5,051,920

19.70%

 

 

 

Liberty Live Series C

LLYVK

11,132,594

17.50%

 

 

 

TOTAL

 

 

 

 

$355,718,194,104

100.00%



You can see that Apple (AAPL) accounts for over 45% of the equity portfolio as of June 30, 2023. This position has generated over $100 billion in profits for Buffett's Berkshire Hathaway.

Buffett has managed to accumulate the position between 2016 and 2018 at a total cost of approximately $36 billion. He did sell about $11 billion worth of Apple stock in 2020. In addition, Apple sends $820 million in dividends each year to Berkshire Hathaway.

He did make large investments in Apple, Bank of America, Coca-Cola, American Express and Kraft Heinz. His portfolio is concentrated mostly as a result of letting winners run, and not selling prematurely. 

You can view the dividend contribution from each of his portfolio holdings from the table below. Berkshire Hathaway is generating almost $5.50 billion in annual dividend income from his portfolio.

Note this doesn't include dividends received from privately owned businesses such as See's Candies or Burlington Northern Santa Fe. Nor does it include $760 Million in annual dividends from Berkshire Hathaway's investment in Occidental Petroleum Preferred stock.

Name

Symbol

Shares

Market Value

 Dividend Income

Bank of America Corp

BAC

1,032,852,006

$31,006,217,220

 $      991,537,925.76

Apple Inc

AAPL

915,560,382

$162,850,725,146

 $      878,937,966.72

Chevron Corporation

CVX

123,120,120

$19,710,300,011

 $      743,645,524.80

Coca-Cola Co

KO

400,000,000

$24,252,000,000

 $      736,000,000.00

Kraft Heinz Co

KHC

325,634,818

$10,999,944,152

 $      521,015,708.80

American Express Company

AXP

151,610,700

$24,565,481,721

 $      363,865,680.00

Mitsubishi Corp

8058:TYO

119,497,600

$5,888,000,106

 $      164,224,008.80

Occidental Petroleum Corp

OXY

224,129,192

$14,301,683,742

 $      161,373,018.24

Itochu Corporation

8001:TYO

118,331,800

$4,643,303,267

 $      130,097,491.93

Mitsui & Co

8031:TYO

125,022,300

$4,795,863,204

 $      128,862,399.51

HP Inc

HPQ

120,952,818

$3,854,766,310

 $      127,000,458.90

Citigroup Inc

C

55,244,797

$2,397,071,742

 $      117,118,969.64

Sumitomo Corp

8053:TYO

101,210,400

$2,066,065,894

 $        83,455,287.57

Moody’s Corp

MCO

24,669,778

$8,229,591,243

 $        75,982,916.24

Marubeni Corp

8002:TYO

141,000,200

$2,352,653,028

 $        75,572,154.20

Kroger Co

KR

50,000,000

$2,388,500,000

 $        58,000,000.00

Ally Financial Inc

ALLY

29,000,000

$798,950,000

 $        34,800,000.00

Capital One Financial Corp.

COF

12,471,030

$1,334,150,789

 $        29,930,472.00

Paramount Global Class B

PARA

93,730,975

$1,442,519,705

 $        18,746,195.00

BYD Co. Ltd

BYDDF

98,603,142

$2,908,792,689

 $        15,776,502.72

Celanese Corporation

CE

5,358,535

$641,577,396

 $        15,003,898.00

Visa Inc

V

8,297,460

$1,994,460,460

 $        14,935,428.00

Activision Blizzard Inc

ATVI

14,658,121

$1,333,889,011

 $        14,511,539.79

Aon PLC

AON

4,335,000

$1,380,784,200

 $        10,664,100.00

Mastercard Inc

MA

3,986,648

$1,575,323,957

 $           9,089,557.44

Louisiana-Pacific Corp

LPX

7,044,909

$439,320,525

 $           6,763,112.64

DR Horton Inc

DHI

5,969,714

$753,676,393

 $           5,969,714.00

Globe Life Inc

GL

2,515,574

$284,008,305

 $           2,264,016.60

Johnson & Johnson

JNJ

327,100

$56,935,026

 $           1,556,996.00

Procter & Gamble Co

PG

315,400

$48,994,236

 $           1,186,787.12

MONDELEZ INTERNATIONAL INC Common Stock

MDLZ

578,000

$41,962,800

 $              982,600.00

Diageo plc

DEO

227,750

$39,036,350

 $              829,010.00

Jefferies Financial Group Inc

JEF

433,558

$14,875,375

 $              520,269.60

United Parcel Service, Inc.

UPS

59,400

$10,299,366

 $              384,912.00

Vanguard 500 Index Fund ETF

VOO

43,000

$17,541,850

 $              266,600.00

SPDR S&P 500 ETF Trust

SPY

39,400

$17,493,206

 $              256,888.00

Lennar Corp

LEN

152,572

$19,178,300

 $              228,858.00

Davita Inc

DVA

36,095,570

$3,780,289,046

 $                                -  

Verisign, Inc.

VRSN

12,815,613

$2,642,451,244

 $                                -   

Charter Communications Inc

CHTR

3,828,941

$1,637,484,908

 $                                -  

Amazon.com, Inc.

AMZN

10,551,000

$1,454,877,390

 $                                -  

Liberty SiriusXM Series C

LSXMK

43,208,291

$1,033,110,238

 $                                -  

Snowflake Inc

SNOW

6,125,376

$934,119,840

 $                                -  

Nu Holdings Ltd

NU

107,118,784

$845,167,206

 $                                -  

General Motors Co

GM

22,000,000

$734,800,000

 $                                -  

T-Mobile Us Inc

TMUS

5,242,000

$728,323,480

 $                                -  

Markel Group Inc

MKL

471,661

$704,057,808

 $                                -  

Liberty Formula One Series C

FWONK

7,722,451

$540,339,896

 $                                -  

Floor & Decor Holdings Inc

FND

4,780,000

$500,418,200

 $                                -  

Liberty SiriusXM Series A

LSXMA

20,207,680

$479,326,170

 $                                -  

StoneCo Ltd

STNE

10,695,448

$142,570,322

 $                                -  

NVR Inc

NVR

11,112

$68,616,600

 $                                -  

Liberty Latin America Ltd Class A

LILA

2,630,792

$24,466,366

 $                                -  

Liberty Latin America Ltd Class C

LILAK

1,284,020

$11,838,664

 $                                -  

Liberty Live Series A

LLYVA

5,051,920

 

 $                                -  

Liberty Live Series C

LLYVK

11,132,594

 

 $                                -  

TOTAL

 

 

$355,718,194,104

 $  5,541,356,968.00


The total portfolio value was roughly $355 Billion dollars as of last night. It is on track to generate $5.54 Billion in annual dividend income. Approximately $339 Billion of value is related to dividend paying stocks. Only $16 Billion out of the whole $355 Billion is invested in non-dividend paying companies.


For the quarter ended on June 30, 2023, Warren Buffett and his lieutenants Todd and Ted added to the following existing positions:




Buffett seems to be a big fan of Oil and Gas companies as of recently, with his large investments in Occidental Petroleum. He also seems to be investing in financials such as Capital One Financial. The investments in homebuilders were likely from one of his top lieutenants Todd Combes or Ted Weschler.

They reduced ownership in the following companies:




Looks like he sold out of a lot of companies that Dividend Growth Investors own. For example  Chevron, McKesson and Marsh & McLennan.