Warren Buffett 2024 Portfolio: Top 5 Stock Picks

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1. Apple Inc. (NASDAQ:AAPL)

Warren Buffett’s Stake: $174,347,466,800

Berkshire Hathaway trimmed its stake in Apple Inc. (NASDAQ:AAPL) by just over 1% in the last quarter of 2023 and everybody went haywire believing Warren Buffett might begin to offload Apple Inc. (NASDAQ:AAPL) shares from his portfolio. But many believe this was just a rebalancing and the Oracle of Omaha would not decrease his exposure to Apple Inc. (NASDAQ:AAPL). As of the end of the fourth quarter Berkshire owns a $174 billion stake in Apple Inc. (NASDAQ:AAPL).

Mairs & Power Growth Fund stated the following regarding Apple Inc. (NASDAQ:AAPL) in its fourth quarter 2023 investor letter:

“The Fund’s relative performance was negatively impacted by what we didn’t own as well. In particular, not holding Apple Inc. (NASDAQ:AAPL) for most of the year cost the Fund more than 300bps (basis points) of performance. Apple may be the best-known company in the world and its seemingly ubiquitous iPhone holds a dominant share of the global cell phone market. Apple is even more dominant among Millennials and Gen Zers, which should lead to even greater market share as these cohorts age. This loyal user base should pay huge dividends for shareholders as Apple continues to monetize this ecosystem, especially as the company delves deeper into services, payments, and AI. We initiated a position in Apple during the fourth quarter and await a more attractive entry point to add to our position.”

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