Berkshire Hathaway (NYSE: BRK.B)(NYSE: BRK.A), the holding company Warren Buffett has managed since the mid-1960s, produced a healthy 15.8% gain in 2023. As is usually the case, not every component in Berkshire's $359 billion equity portfolio participated in the rally. There were a couple of stocks that finished the year significantly lower.

Buffett completely removed seven stocks from Berkshire's portfolio in the third quarter, but these two were allowed to remain despite underperforming. This suggests that he believes they have a bright future.

Image source: The Motley Fool.

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Source Fool.com