Warren Buffett Departs With 64% of Berkshire Hathaway in 5 Stocks to Hold Forever

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By Lee Jackson Updated Published

24/7 Wall St. Key Points

  • Berkshire Hathaway Inc. (NYSE: BRK-B) is up a solid 11.3% in 2025, but it trails the S&P 500’s 15.1% gain.

  • Some across Wall Street have said that Berkshire Hathaway should start paying a dividend.

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Warren Buffett Departs With 64% of Berkshire Hathaway in 5 Stocks to Hold Forever

© Paul Morigi / Getty Images

If any investor has stood the test of time, it is Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock star-like presence in the investing world, and his annual Berkshire Hathaway Inc. (NYSE: BRK-B | BRK-B Price Prediction) shareholders meeting draws thousands of loyal investors. They were stunned at this year’s meeting when Buffett announced he would step down as CEO of the investment giant at year’s end. While he will remain board chair and continue to have a voice in the day-to-day operations, his pre-announced successor, Greg Abel, will assume the CEO position at the end of the year.

Long-time investors and Buffett mavens know that he favors holding S&P 500 stocks forever. So it’s not surprising to report that, for all the success and stature Berkshire Hathaway has in the investment world, five top companies make up almost 64% of the fund’s total holdings. While much more concentrated than most portfolio managers would ever consider, the strategy has worked for Berkshire Hathaway investors for years. It is likely to continue doing so in the future. The question many would ask, given his impending departure, is which stocks are likely to remain in the portfolio in the long term? We screened the portfolio, and these longtime stalwarts, which all pay dividends and make up the bulk of the portfolio, are likely to stay at the dance for decades to come.

Why do we cover Warren Buffett’s stocks?

Eric Francis / Getty Images

There are few investors with the results and reputation that Buffett has garnered over the past 50 years. While investing has evolved over the past half-century, buying good companies with products and services recognized worldwide and paying dividends will always remain a timeless approach. There is also a good chance that Greg Abel will retain all of these gigantic positions.

American Express

American Express Co. (NYSE: AXP) is an American bank holding company and multinational financial services corporation specializing in payment cards. This stock has performed strongly in 2025, offering a dividend yield of 0.84%. American Express is a globally integrated payments company that deals with card-issuing, merchant-acquiring, and card network businesses.

The financial giant posted strong third-quarter earnings per share of $4.14, exceeding analyst expectations of $3.99, representing a 19% year-over-year increase. Revenue grew 11% to $18.43 billion, surpassing the forecast of $18.05 billion, as net income increased 16% to $2.9 billion compared to last year.

The company offers products and services to customers worldwide, including consumers, small businesses, mid-sized companies, and large corporations.

Its segments include:

  • U.S. Consumer Services (USCS), which offers travel and lifestyle services, as well as banking and non-card financing products.
  • Commercial Services (CS) offers payment, expense management, banking, and non-card financing products.
  • International Card Services (ICS) provides services to international customers, including travel and lifestyle services, and manages certain international joint ventures and its loyalty coalition business.
  • Global Merchant and Network Services (GMNS) operates a payments network that processes and settles card transactions, acquires merchants, and provides multichannel marketing programs, capabilities, services, and data analytics.

Berkshire Hathaway owns 151,610,700 shares, 22 % of American Express’s float, and 18.2% of the portfolio.

Wells Fargo has an Overweight rating with a $425 target price.

Apple

Apple Inc. (NASDAQ: AAPL) designs, develops, and sells consumer electronics, computer software, and online services, offering a small dividend of 0.37%. It is almost hard to comprehend that the legacy technology giant, even after a recent sale of 20 million shares and a surge in sales over the past two years, still makes up a stunning 20.8% of the Berkshire Hathaway portfolio, which holds 1.6% of Apple’s stock. Apple designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

The company offers:

  • The iPhone, a line of smartphones
  • Mac, a line of personal computers
  • iPad, a line of multi-purpose tablets
  • Wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod

Apple also offers AppleCare support and cloud services, and operates various platforms, including the App Store, which enables customers to discover and download applications and digital content, such as books, music, videos, games, and podcasts.

In addition, the company offers various services, such as:

  • Apple Arcade, a game subscription service
  • Apple Fitness+, a personalized fitness service
  • Apple Music, which gives users a curated listening experience with on-demand radio stations
  • Apple News+, a subscription news and magazine service
  • Apple TV+, which offers exclusive original content
  • Apple Card, a co-branded credit card
  • Apple Pay, a cashless payment service

Citigroup has a Buy rating with a $330 target price.

Bank of America

While Buffett has trimmed his position over the last two years, this quality financial giant remains an exceptional long-term holding with a solid 1.95% dividend yield. Bank of America Corp. (NYSE: BAC) is a bank holding company and financial holding company that reported impressive Q3 results. Earnings per share of $1.06 vs. $0.95, as revenue of $28.24 billion vs. $27.5 billion beat analysts’ estimates. Profit rose 23% from a year earlier to $8.5 billion, and revenue grew 11% year-over-year, with EPS jumping 31%. Berkshire Hathaway owns 568,070,012 shares, which is 9.9% of the portfolio and 7.8% of the float.

Its segments include:

  • Consumer Banking
  • Global Wealth & Investment Management (GWIM)
  • Global Banking
  • Global Markets

Consumer Banking segment offers a range of credit, banking, and investment products and services to consumers and small businesses.

The GWIM comprises two businesses: Merrill Wealth Management, which offers tailored solutions to meet clients’ needs through a comprehensive suite of investment management, brokerage, banking, and retirement products.

Bank of America Private Bank provides comprehensive wealth management solutions.

The Global Banking segment offers a range of lending-related products and services, including integrated working capital management and treasury solutions, as well as underwriting and advisory services.

The Global Markets segment offers sales and trading services, as well as research services, to institutional clients across fixed income, credit, currency, commodity, and equity markets.

Morgan Stanley has an Overweight rating and a $68 target price.

Chevron

This American multinational energy company primarily focuses on oil and gas. Chevron Corp. (NYSE: CVX) is a safer option for investors looking to position themselves in the energy sector, and it pays a substantial 4.58% dividend, which was raised by 5% earlier this year. Chevron operates integrated energy and chemicals businesses worldwide through two segments. Berkshire Hathaway owns 122,064,792 shares, which equals 6.1% of the float and 5.8% of the portfolio.

The Upstream segment is involved in the following:

  • Exploration, development, production, and transportation of crude oil and natural gas
  • Processing, liquefaction, transportation, and regasification associated with liquefied natural gas
  • Transportation of crude oil through pipelines, and transportation, storage
  • Marketing of natural gas, as well as operating a gas-to-liquids plant

The Downstream segment engages in:

  • Refining crude oil into petroleum products
  • Marketing crude oil, refined products, and lubricants
  • Manufacturing and marketing renewable fuels
  • Transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car
  • Manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives

It also involves cash management, debt financing, insurance operations, real estate, and technology businesses.

Bank of America has a Buy rating with an $180 target price.

Coca-Cola

This American multinational corporation was founded in 1892. Coca-Cola Co. (NYSE: KO) remains a top long-time holding of Buffett. He owns a massive 400 million shares, which is 9.3% of the float and 9% of the portfolio. The stock has increased by a solid 13.8% in 2025 and comes with a dependable 2.86% dividend. The world’s largest beverage company offers consumers more than 500 sparkling and still brands.

Led by Coca-Cola, one of the world’s most valuable and recognizable brands, the company’s portfolio features 20 billion-dollar brands, including:

  • Diet Coke
  • Coca-Cola Light
  • Coca-Cola Zero Sugar
  • Caffeine-free Diet Coke
  • Cherry Coke
  • Fanta Orange
  • Fanta Zero Orange
  • Fanta Zero Sugar
  • Fanta Apple
  • Sprite
  • Sprite Zero Sugar
  • Simply Orange
  • Simply Apple
  • Simply Grapefruit
  • Fresca
  • Schweppes
  • Dasani
  • Fuze Tea
  • Glacéau Smartwater
  • Glacéau Vitaminwater
  • Gold Peak
  • Ice Dew
  • Powerade
  • Topo Chico
  • Minute Maid

Globally, it is the top provider of sparkling beverages, ready-to-drink coffees, juices, and juice drinks.

Through the world’s most extensive beverage distribution system, consumers in more than 200 countries enjoy the company’s beverages at a rate of over 1.9 billion servings per day. It is also important to remember that the company owns 16% of Monster Beverage Corp. (NASDAQ: MNST), which continues to deliver strong financial results.

Bank of America has a Buy rating and set a target price of $80.

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Photo of Lee Jackson
About the Author Lee Jackson →

Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad and diverse career, which included a stint as the creative services director at the NBC affiliate in Austin, Texas, gives him unique insight into the financial industry and world.

Lee Jackson's journey in the financial industry spans over 30 years, with nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career was marked by his presence on the sell side during pivotal Wall Street events, from the dot.com rise and bubble to the Long Term Capital Management debacle, 9/11, and the Great Recession of 2008. This is a testament to his resilience and adaptability in the face of market volatility.

Lee Jackson’s practical financial industry experience, acquired from a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing on various platforms. This unique combination allows him to shed light on the intricacies and workings of Wall Street in a way that only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.

Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.

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