Warren Buffet is often considered one of the best traders in the game. The veteran trader has made profits for thousands of investors, and people look at Berkshire Hathaway‘s portfolio to get an insight into the best stocks to buy.
With that said, let’s look at the three best assets from Buffet’s portfolio.
Top 3 Warren Buffet stocks
American Express (Amex):
Amex is Berkshire Hathaway’s third-largest holding, with a $32 billion worth position. Berkshire has a 21% stake in the financial institution. Amex is also one of the most known brands globally, with a wealthy clientele. Additionally, the company also has a strong network across the globe.
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Buffet is known for holding stocks over an indefinite period. Amex has proven to give lucrative results in the long run.
Capital One (COF):
Capital One is one of the more recent stocks acquired by Berkshire Hathaway. The asset could be a lucrative opportunity for long-term investors. Moreover, Capital One will acquire Discover in a new deal that will merge two of the largest credit card issuers in the US. The deal may create significant cost advantages.
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Moreover, Capital One anticipates $2.7 billion in annual synergies by 2027 from its acquisition of Discover.
Ally Financial (ALLY):
Ally’s most significant business is auto lending. The company was spun off from General Motors following the financial crisis. The company has $155 billion in total deposits, with a host of other loan types.
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Berkshire owns just under 10% of Ally. Moreover, Ally had a 3.35% net interest margin in 2023, which was one of the best in the banking sector.
