Buffett’s $100 Billion Bet on Financial Stocks Even As Economy Lags

Investopedia | Aug 15, 2019 at 12:47 PM
  • Under CEO Warren Buffett, Berkshire Hathaway Inc. (BRK.A) has been betting heavily on financial stocks, which now represent about 20% of its roughly $481 billion market capitalization as of Aug. 14, 2019, up from about 12% at the end of 2010, The Wall Street Journal reports.
  • Among the 8 stocks listed above, the biggest winners for Buffett YTD through Aug. 13 have been Moody’s and American Express, with total returns, dividends included, of 53% and 34%, respectively, per FactSet.
  • For the other 7 financial stocks listed above, Berkshire’s ownership interests were, as of June 30 per CNBC: American Express, 18%, Moody’s, 13%, Wells Fargo, 9%, Bank of New York Mellon, 9%, U.S. Bancorp, 8%, Goldman Sachs, 5%, and JPMorgan Chase, 2%.