Top 5 Stocks Warren Buffett Just Bought

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  1. AbbVie Inc (NYSE:ABBV)

  2. The hedge funds tracked by Insider Monkey soured on AbbVie Inc (NYSE:ABBV) quite a bit between 2015 and mid-2018, with close to 50% of shareholders selling off the stock during that time. They’ve since come roaring back into the stock in greater numbers than ever, with a 123% jump in ownership since then, including by the Oracle of Omaha himself in Q3. Berkshire opened a new position in AbbVie that contained 21.26 million shares worth over $1.86 billion on September 30.

    AbbVie appears to be a strong long-term position, with current blockbuster drugs like Humira being supported by a growing stable of promising treatments like Rinvoq. AbbVie has also become a great option for dividend investors, with an annual yield that now tops 5.5%.

    If you’re looking for stocks with tremendous growth potential in the years to come, be sure to check out the 10 Best Growth Stocks To Buy Now According To Ray Dalio.

    Disclosure: None.

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