Warren Buffett’s 10 Longest-Held Stocks

6. DaVita Inc. (NYSE:DVA)

Warren Buffett’s First Major Purchase: 2011

Berkshire Hathaway’s stake in Q3 2024: $5.91 billion

DaVita Inc. (NYSE:DVA) is a leading kidney dialysis provider in the United States, operating 367 facilities in 11 countries and 2,675 outpatient centers domestically. DaVita Inc. (NYSE:DVA) has long been a favorite stock in Warren Buffett’s portfolio. The Oracle of Omaha has owned the healthcare stock since the fourth quarter of 2011, making it one of his most consistent investments.

DaVita Inc. maintained its adjusted operating income guidance for 2024 of $1.91 billion to $2.01 billion in Q3 2034. In the quarter, the company reported earnings per share of $2.59 and adjusted operating income of $535 million. With 2028 as the closest maturity date, the company has effectively managed its debt, and its leverage is within the desired range.

Moreover, DaVita Inc. (NYSE:DVA) successfully handled operational difficulties, minimizing the effects of hurricanes and continuing to control labor and medical expenses. The company is preparing for a regulatory shift involving oral-only medications into Medicare Part B, which could improve patient access and efficiency, and expects supply chain conditions to return to normal by early 2025.