Warren Buffett Has Bought More of This Stock Than Any Other Over the Last 5 Years — No, It’s Not Apple

Warren Buffett’s investing track record is tough to match. Since taking over as CEO and chairman of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) in 1965, he took the struggling textile company and turned it into a massive conglomerate. The share value increased from $18 then to around $580,000 today. That computes to an eye-popping cumulative return of over 3,200,000% and a compound annual growth rate of about 19.4% for the last 58.5 years.

Much of that growth is fueled by Buffett’s expansion into the insurance industry and using the float provided by insurance premiums to invest in an equity portfolio (or fully purchasing businesses). So, when Buffett makes a buy or sell decision, the whole investing world pays attention. And there’s one stock Buffett has been buying much more than any of the others in Berkshire’s portfolio over the last five years.

Some of the biggest purchases in the Berkshire portfolio

Buffett and his team manage a massive $373 billion portfolio. Berkshire Hathaway is required to report its U.S. holdings at the end of every quarter by filing form 13F with the Securities and Exchange Commission. Additionally, the conglomerate must report any stock purchases or sales for companies in which it owns a stake of 10% or more within three days of the trade. That gives investors a lot of insight into what Buffett’s buying and selling for Berkshire.

As of its most recent reports, Apple (NASDAQ: AAPL) is by far the biggest holding in Berkshire’s portfolio. The iPhone maker accounts for nearly half of the entire portfolio value. And Buffett hasn’t been shy about how much he likes Apple. “It’s better than any business we own,” he told shareholders at their annual meeting last May.

Buffett has consistently added to Berkshire’s position in Apple since its initial investment in 2016. There were a few times when Berkshire some shares for tax purposes, but Buffett later called those decisions a mistake.

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