Warren Buffett's holding company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), owns about 48 individual stocks, in addition to many whole companies. Buffett and his team choose these stocks based on a variety of factors that fit into his general investing approach.

While Berkshire Hathaway has greatly outperformed the market over the long term, not all the stocks in its portfolio are always sizzling. In 2022, there were several clunkers that underperformed by a wide margin. But that doesn't mean they will underperform every year. Buffett has said that his favorite holding period is "forever," and he has explained on many occasions the benefits of holding stock for the long term. Amazon (NASDAQ: AMZN), American Express (NYSE: AXP), Nu Holdings (NYSE: NU), RH (NYSE: RH), and StoneCo (NASDAQ: STNE) are five Berkshire-held stocks that could skyrocket in 2023.

Buffett famously admitted that he missed out on Amazon's early stock gains. But that didn't deter Berkshire Hathaway from picking up some shares in 2019. That's a vote of confidence in Amazon's future potential.

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Source Fool.com