May 13, 2024

News and Political Commentary

Warren Buffett Owns 6 Nasdaq-100 Stocks. Here’s the Best One to Buy Right Now.

2 min read

The Nasdaq-100 was sizzling hot in 2023, skyrocketing nearly 54%. It marked the best performance for the index since 1999.

Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) wasn’t as hot. Sure, shares of the giant conglomerate jumped 15%. That wasn’t enough to keep up with any of the major market indexes, though.

But Buffett’s portfolio includes six Nasdaq-100 stocks. Here they are — and which one is the best pick to buy right now.

Warren Buffett with people in the background.Warren Buffett with people in the background.

Warren Buffett. Image source: The Motley Fool.

All the Nasdaq-100 stocks Buffett owns

Apple (NASDAQ: AAPL) ranks as the largest holding by far in Buffett’s Berkshire Hathaway portfolio. It has also held the top position in the Nasdaq-100 for quite a while, although that could be in jeopardy with Microsoft‘s market cap gaining ground.

Buffett’s stake in Amazon (NASDAQ: AMZN) is much smaller. The e-commerce and cloud services leader is a biggie in the Nasdaq-100, though, with its weight in the index lagging behind only Apple and Microsoft.

Berkshire’s portfolio also includes another top 20 stock in the Nasdaq-100 — T-Mobile US (NASDAQ: TMUS). The telecommunications company is a relatively small position for Buffett, with Berkshire’s stake currently worth around $850 million.

Next up is Charter Communications (NASDAQ: CHTR). The weight for this communications stock ranks it at No. 56 in the Nasdaq-100. Berkshire owns over 3.8 million shares of Charter worth roughly $1.4 billion.

Kraft Heinz (NASDAQ: KHC) is the No. 60 stock in the Nasdaq-100 and has been a key holding for Buffett for years. Berkshire owns 26.5% of the food company. Kraft Heinz is even included on Berkshire’s website’s list of subsidiaries.

Last — and, in this case, least — is Sirius XM Holdings (NASDAQ: SIRI). The satellite radio company barely made the Nasdaq-100. It’s also a really small position in Berkshire’s portfolio, with the conglomerate’s stake in Sirius XM currently worth only around $50 million.

A process of elimination

Which of these six Nasdaq-100…



2024-01-15 06:07:00

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