Warren Buffett’s 2023 Portfolio: Top 5 Stock Picks

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1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Warren Buffett’s Berkshire Hathaway’s Holdings: $150,975,906,991      

Percentage of Warren Buffett’s Berkshire Hathaway’s Portfolio: 46.43%

Apple Inc. (NASDAQ:AAPL) was termed a “better business” by Warren Buffett compared to other components of his portfolio on May 7. Buffett built a significant stake in Apple Inc. (NASDAQ:AAPL) between Q1 2016 and Q1 2018 at an average share price of approximately $35. Currently, the stock price of the Cupertino, California-based technology giant is hovering around $172. This reflects a return of over 390% during the five years. Buffett shared that he perceives Apple Inc. (NASDAQ:AAPL) not just as a technology company but primarily as a consumer products company centred around its flagship product, the iPhone.

Madison Investments shared its outlook on Apple Inc. (NASDAQ:AAPL) in its Q1 2023 investor letter. Here’s what the firm said:

“Our underweight to Apple Inc. (NASDAQ:AAPL) was a headwind to performance during the first quarter. Apple performed well in the first quarter along with the other large cap technology stocks following a weak 2022. Despite recent supply constraints and macro-economic uncertainty, demand for Apple products remains solid. First quarter iPhone sales would have been flat if not for the supply chain issues.”

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