Even as other billionaires watch their fortunes shrink in the recent market turbulence—with Elon Musk alone losing over $139 billion in 2025 (as of April 21), Warren Buffett’s net worth has grown by $16.4 billion—making him alone among the world’s top 10 wealthiest individuals to increase their fortune in 2025.
His success thus far in 2025 is not because Berkshire Hathaway Inc. (BRK.A) is particularly well-diversified—a typical way to keep steady amid market turmoil—since two-thirds of its stock holdings are in just five companies. The reason has more to do with a disciplined approach that’s been decades in the making.
Key Takeaways
- Buffett maintains a concentrated portfolio with Apple Inc. (AAPL), American Express Company (AXP), and Bank of America (BAC) as top holdings.
- Major Berkshire’s investments in the past year include a stake in Constellation Brands, Inc. (STZ), maker of Corona and Modelo beers, and buying more of Domino’s Pizza, Inc. (DPZ).
- Buffett has amassed a record $334 billion cash position, outperforming the market during recent volatility triggered by trade war concerns.
Buffett’s Top Holdings in 2025
As the stock market reels from uncertainty over tariffs and potential trade wars, Buffett’s 2025 holdings demonstrate caution—Berkshire has amassed a record pile of cash—while still striking out to make new strategic investments. Berkshire’s $269 billion stock portfolio now reflects Buffett’s growing conviction that patience may be the ultimate virtue in today’s market.
Buffett’s investment philosophy has always emphasized concentration over diversification when your conviction is high. “Diversification is protection against ignorance,” he’s said. “It makes little sense if you know what you’re doing.” As of April 2025, Berkshire’s largest positions by market value include the following:
1. Apple: $60.27 billion
While Buffett significantly reduced the position from its peak when it constituted nearly 40% of Berkshire’s portfolio, he still maintains strong confidence in the company, he said in a February 2025 letter to shareholders.
2. American Express: $38.24 billion
Buffett hasn’t sold a single share of American Express since he first began accumulating the stock in 1991.
3. Bank of America: $25.92 billion
Despite reducing his Bank of America stake by about 15% in the last quarter of 2024, Buffett still holds over 680 million shares worth nearly $26 billion, or 9.7% of Berkshire’s portfolio.
4. Coca-Cola (KO): – $29.7 billion
Buffett first purchased the beverage giant in 1988 and hasn’t sold a single share since, exemplifying his “forever” holding philosophy.
5. Chevron (CVX): $16.36 billion
Unlike some of Buffett’s other top holdings, Chevron is a relatively recent addition. Berkshire first bought shares in late 2020, when energy stocks were out of favor.
The stability of these top holdings amid market turbulence underscores Buffett’s preference for established companies with durable competitive advantages, strong management, and the ability to generate consistent cash flow through various economic cycles.
Tip
Berkshire Hathaway’s cash holdings are a record for a public company. At $325 billion, they are more than the combined cash reserves of Apple Inc. (AAPL), Microsoft Corp. (MSFT), Alphabet Inc. (GOOG), Amazon.com Inc. (AMZN), and NVIDIA Corp. (NVDA)—even combined, they are 14 times the size of BRK.A by market cap.
New Bets: Why Buffett Is Buying Alcohol and Pizza
“Nothing looks compelling,” Buffett said in his February 2025 shareholder letter, explaining Berkshire’s massive cash position. Yet amid this restraint, he’s quietly added a number of new holdings, including these:
Constellation Brands (STZ): Buffett’s Beer Bet
Berkshire’s new stake in Constellation Brands marks Berkshire’s first significant investment in the alcoholic beverage industry beyond a small stake in Diageo.
The attraction is clear: Constellation owns some of America’s most popular beer brands, including Corona and Modelo Especial—the latter dethroning Bud Light as America’s top-selling beer in 2023.
Domino’s Pizza (DPZ): Doubling Down on Delivery
Berkshire bought an initial stake in mid-2024, increasing that stake over the rest of the year. The world’s largest pizza company fits Buffett’s investment criteria in multiple ways. Domino’s operates more than 20,000 stores across 90+ international markets, with a franchise model that generates high returns on invested capital.
The Bottom Line
Tracking Buffett’s moves allows investors to piggyback on his moves and learn about his famous value investing philosophy. His focus on companies with strong fundamentals, competitive advantages, and long-term growth potential continuing to outperform market benchmarks despite the challenges facing many in today’s market.
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