3 New Stocks Added to Warren Buffett's Secret Portfolio: Here's the Best of the Bunch
Warren Buffett owns more new stocks than you might think. Sure, he didn't initiate any new positions for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) in the fourth quarter of 2022. The only buying the legendary investor did in Q4 was add shares of four existing positions.
However, Buffett did indirectly buy new stakes in three companies through his "secret portfolio." I'm referring to purchases made by New England Asset Management (NEAM), an investment firm that's a subsidiary of Berkshire Hathaway. Here are the three new stocks added to Buffett's secret portfolio -- and which one is the best of the bunch.
KeyCorp (NYSE: KEY) stands out as the biggest new addition for NEAM. Buffett's secret portfolio bought 330,550 shares of the retail bank in the fourth quarter of 2022. As of the end of last year, NEAM's stake in KeyCorp was worth close to $5.8 million. The current value of the holding has increased since then, however.
Source Fool.com
