Buffett's Timeless Investment Portfolio
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Fool
- Apple's Core Position: Berkshire Hathaway's investment in Apple, initiated in 2016, is currently valued at approximately $67.9 billion, representing 21% of its overall portfolio, highlighting its unique position and long-term growth potential in the tech sector.
- American Express's Competitive Edge: While Berkshire has divested from Visa and Mastercard, its long-standing investment in American Express remains intact, with a current P/E ratio of 18 times and expectations for double-digit earnings growth, reflecting its deep economic moat in the payment network.
- Coca-Cola's Dividend King Status: Berkshire gradually accumulated its Coca-Cola stake between 1988 and 1994, now valued at about $32.8 billion, with an average annual dividend yield of 2.53%, showcasing its robust performance as a Dividend King and ongoing revenue growth potential.
- Success of Long-Term Investment Strategy: Buffett's investment philosophy emphasizes holding quality assets, and the success stories of Apple, American Express, and Coca-Cola not only illustrate their strong economic moats but also demonstrate the effectiveness of a long-term holding strategy in capital appreciation and income generation.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 304.990
Low
239.00
Averages
306.89
High
350.00
Current: 304.990
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, Wearables, Home and Accessories. Its services include advertising, AppleCare, cloud services, digital content, and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its wearables include smartwatches, wireless headphones, and spatial computers. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Technological Advantage: Arm Holdings focuses on energy-efficient chip designs, making its architecture a choice for major companies like Nvidia, which anticipates its Vera CPU could unlock a $20 billion market opportunity, further solidifying Arm's leadership in the AI inference sector.
- Diversified Revenue Model: Arm earns upfront licensing fees and royalties on each chip sold, with expectations that royalty revenue from its AI-focused Armv9 architecture will grow at a 20% CAGR from 2026 to 2031, showcasing robust profitability and market demand.
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See More
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- Transaction Volume Advantage: In 2024, the average transaction amount for American Express was $150, significantly higher than Visa's $91 and Mastercard's $94, which encourages merchants to pay higher discount rates, enhancing the company's revenue potential.
- Credit Quality Management: American Express reported a net charge-off rate of 2.3% in Q1, well below Capital One's 3.7%, indicating that its high-quality customer base provides resilience during economic uncertainties, aiding the company in navigating inflation or recession.
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See More
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- Portfolio Changes: New CEO Greg Abel made significant adjustments to Berkshire Hathaway's portfolio in Q1, maintaining strong positions in Apple and Chevron, indicating confidence in these companies despite Warren Buffett's reduced operational role.
- Chevron Performance Review: Chevron's revenue saw only a 2% increase in Q1, yet its production surged by 500,000 barrels per day, primarily from the Permian Basin and international markets, with a projected production growth of 7% to 10% for the year, which will drive future revenue growth.
- Strong Apple Performance: Apple reported a 17% revenue increase and a 22% earnings spike in Q1, with expectations for a 14% to 17% revenue rise in the upcoming quarter, driven by strong demand for the iPhone 17.
- Sustained Dividend Policy: Chevron raised its dividend for the 39th consecutive year in 2026, paying $1.78 per share with a yield of 3.63%, making it an attractive defensive investment amid economic uncertainties.
See More
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- Stock Price Momentum: Chevron's stock has surged 28% year-to-date, primarily due to robust free cash flow and a stable earnings outlook, with a low price-to-earnings ratio of 14, indicating its defensive investment value amid current economic uncertainties.
- Stable Apple Holdings: Buffett did not sell any Apple shares in Q1, maintaining 228 million shares, which account for 22% of Berkshire's portfolio, reflecting confidence in Apple, whose stock is up 10% year-to-date and 42% over the past 12 months.
- Upcoming Product Expectations: Apple is set to hold its WWDC on June 8, where it is expected to launch several new AI features, potentially boosting stock prices, and the company is reorganizing its hardware development to accelerate new product launches, indicating a positive market outlook.
See More
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- Significant Cost Advantage: The Vanguard S&P 500 ETF boasts an expense ratio of just 0.03%, significantly lower than the average 0.67% for similar funds, meaning long-term holders can save substantial costs over a decade, enhancing their investment returns.
- Asset Milestone Achieved: The fund's net assets are nearing $1 trillion, having attracted over $100 billion in new money in 2025 alone, reflecting strong investor confidence and market recognition, further solidifying its leadership position in the ETF market.
- High Concentration in Tech Stocks: The fund's top five holdings (Nvidia, Apple, Microsoft, Amazon, and Alphabet) account for about 25% of total assets, which, while posing risks, also provides investors with deep exposure to future AI and cloud computing sectors, aligning with economic growth trends.
- Long-Term Return Potential: Since 1957, the S&P 500 index has produced an average annual total return of approximately 10.3%, with the trailing ten-year annualized return even higher at 15%, making this fund an ideal choice for long-term investors, especially in the context of a booming AI economy.
See More
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- Asset Milestone: The fund's net assets are approaching $1 trillion, making it the first ETF to reach this milestone, with over $100 billion in new money attracted in 2025 alone, reflecting strong market confidence and demand.
- Concentration Risk and Opportunity: The fund's top five holdings (Nvidia, Apple, Microsoft, Amazon, and Alphabet) account for about 25% of total assets, which, while presenting risks, also provides investors with significant exposure to future economic sectors like AI and cloud computing.
- Long-Term Return History: Since 1957, the S&P 500 index has produced an average annual total return of approximately 10.3%, with the trailing 10-year annualized return even higher at around 15%, making the Vanguard S&P 500 ETF an ideal choice for long-term investors, despite its heavy tilt towards U.S. mega-cap tech stocks.
See More
