The 5 Biggest Portfolio of Berkshire Hathaway in 2023

The 5 Biggest Portfolio of Berkshire Hathaway in 2023

The 5 Biggest Portfolio of Berkshire Hathaway in 2023– There are 5 Biggest Portfolios of Berkshire Hathaway in 2023. Basically, Berkshire Hathaway is one of the biggest companies in the World. Financially, as of 2023, based on Annual Report on 2023, This company has 1,069 billion US Dollars of Assets  and 364 billion US Dollars of Revenue. Furthermore, Berkshire Hathaway successfully gained financial profit in 2023 around 97 billion US Dollars. This becomes the highest profit/ net income that Berkshire Hathaway has been gained. 

Historically, this company was founded by Oliver Chace in 1839. In the beginning, this company was a textile manufacturing company. After warren Buffet bought this company from Seabury Stanton, He transform this company into holding investment company with numerous businesses. Railroad, Utilities and Energy, Insurance, Consumer Goods, Bank are some of the businesses that was owned by Berkshire Hathaway.

The Berkshire Hathaway has numerous companies. But of all the investment business, this company has invested a lot in just some companies. 75% of all money was concentrated in the 5 companies. Here are the 5 Biggest Portfolio of Berkshire Hathaway in 2022.

The 5 Biggest Portfolio of Berkshire Hathaway in 2023

All of the data was obtained from Berkshire Hathaway Annual Report in 2023. Here is the brief description of 5 Top Biggest Berkshire Hathaway Portfolio in 2023.

Brief Description of the 5 Biggest Portfolio of Berkshire Hathaway in 2023

1.Apple Inc       

Apple Inc is one of the biggest technology companies in US and World. They have billions of assets and generated billion of US Dollars in the last 5 years. Founded April 1, 1976, in Los Altos, California, by U.S. Steve Wozniak, Steve Jobs, and Ronald Wayne as investor started the company at the garage of Steve Job’s parents. In that time, in 1985, this company face the crisis because of leaving the Steve Jobs. In the internal director, Steve Jobs must be resigned from Apples and replaced by John Sculley. They have in heated debate / opinions, but in the Shareholder meeting, jobs must step down as CEO.  After the departure of Jobs, this company entered the dark eras. Apple faces many losses of unattractive and innovative products, so; their competitors can beat them.

Glooming era has ended when the return of Steve Jobs. After the comeback of Steve Jobs, they started to the find a successful pathway. They launched innovative products, namely Ipod, iPhone, MacBook, iPad. Apple started to rebuild its successful era in the technology industries with leadership of Steve Jobs.  To date, after the death of Steve Jobs, the CEO of Apple was continued by Tim Cook.  

Financially, based on Apple Annual Report in 2022, this company has assets around $352 billion and gained $99.8 billion. Berkshires Hathaway has some shares in this company with fair value around $119.0 billion.

2.Bank of America Corporation

The Bank of America Corporation, simply known as Bank of America. In 1998, bank of America is formed as the merger between BankAmerica and NationsBank. Operationally, this bank has two primary office Charlotte, North Carolina, U.S. (Corporate) and New York (Investment banking). Operationally, this company has employees around 208,000 people spreading across nations. Based on the financial position on Balance sheet in 2021, the company has assets around 3,169 billion US Dollar and liabilities around 2,899 billion US Dollar. Meanwhile, in 2021, the bank gained positive performance with gaining revenue 89.1 billion US Dollar and net Income around 31.9 billion US dollar.  Berkshire Hathaway has invested in this Bank and has Fair value around $34.2 billion.

3.Chevron Corporation

Chevron Corporation is one of the biggest oil companies in the world. Historically, this company was founded in September 10, 1879. Nowadays, as of the biggest of oil companies in the world, Chevron has 2.6 million net acres of shale and tight resources for exploration and production, 794 thousand barrels of oil equivalent per day (MBOED), $4.5 billion capital budget on shale and tight resources in 2022. Financially, based on Chevron annual report in 2021, Chevron has assets around $239 Billion with gaining net income $ 15 billion.  Berkshire Hathaway has invested this company and has fair value around $30.0 billion.

4.The Coca-Cola Company         

The Coca-Cola Company is one of the biggest companies in the World with some famous beverage products, namely Coca-Cola, Sprite, Fanta, Minute Maid and Others. Coca-Cola and Pepsi still become the king of beverage companies in the Worlds. Historically, John Pemberton found the formula of Coca-Cola. In 1888, Pemberton sold the Coca-Cola Rights to  Asa Griggs Candler. Financially, as of December 31, 2022, based on annual report in 2022, the Coca-Cola Company has assets $92 billion with  gaining net operating revenue around 43 billion US Dollars and Net Income around 9.5 Billion US Dollars. The Berkshire Hathaway has invested The Coca-Cola Company and has fair value around $25.4 billion.

5.American Express Company  

American Express Company (Amex) is an American financial service that founded in March 18th, 1850. Basically, American Express comprises four reportable operating segments: U.S. Consumer Services (USCS), Commercial Services (CS), International Card Services (ICS) and Global Merchant and Network Services (GMNS). Financially, based on Annual Report in 2022, American Express has assets around $ 228 billion ang gained net income around 7.5 billion US Dollars. The Berkshire Hathaway has invested American Express Company and has fair value of its equity investment around $ 22.4 billion.

Bibliography of the 5 Biggest Portfolio of Berkshire Hathaway in 2023

Berskshire Hathaway. 2024. Annual Report 2023. Accessed via https://www.berkshirehathaway.com/reports.html on May 18th, 2024

Apple Inc. 2023. Annual Report 2022. Accessed via https://investor.apple.com/investor-relations/default.aspx on May 18th, 2023

Bank of America Corporation. 2023. Annual Report 2022. Accessed via  https://investor.bankofamerica.com/annual-reports-and-proxy-statements on May 18th, 2023

Chevron Corporation. 2023. Annual Report 2022. Accessed via  https://www.chevron.com/annual-report on May 18th, 2023

The Coca-Cola Company. 2023. Annual Report 2022. Accessed via https://investors.coca-colacompany.com/ on May 18th, 2023

American Express Company. 2023. Annual Report 2022. Accessed via https://ir.americanexpress.com/financials/annual-reports-and-proxy-statements/default.aspx  on May 18th, 2023