Berkshire Hathaway bought and sold several stocks in the 2023 fourth quarter, completely selling out of four positions. As usual, Chief Executive Officer Warren Buffett extolled his favorites, American Express and Coca-Cola, and he added Occidental Petroleum to that list as a stock he'd probably never sell.

But while they may all deserve accolades, I don't think any of them will be Berkshire's best-performing stock over the next five years. I would give that status to one of Berkshire Hathaway's small positions that he doesn't talk about, Nu Holdings (NYSE: NU).

Nu Holdings operates a digital bank under the banner NuBank in its home market of Brazil, and it's more recently expanded into Mexico and Colombia. Berkshire Hathaway first invested in Nu in 2021, before it became a public company. Today, it owns 2.3% of Nu's stock, which accounts for a tiny 0.3% of Berkshire's total equity portfolio.

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Source Fool.com