These 4 Stocks Make Up 70% of Warren Buffett's Portfolio

There's little doubt that Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett is one of the greatest investors of all time. Since taking over as CEO in 1965, he's created over $500 billion in value for shareholders and generated an average annual return for Berkshire Hathaway's shares of 20%. That's an aggregate return of more than 2,800,000%, through Dec. 31, 2020, for those of you keeping score at home.

With a track record like this, it shouldn't surprise anyone that Wall Street and investors eagerly await the Oracle of Omaha's 13F filings with the Securities and Exchange Commission. A 13F provides a quarterly snapshot of what Buffett and his investing team have been buying and selling.

After adjusting for Buffett's buys and sells in the second quarter, one thing is plainly evident: The Oracle of Omaha doesn't believe in diversification, if you know what you're doing. Just four stocks in Berkshire Hathaway's portfolio accounted for 70% of its $316 billion in invested assets, as of this past weekend.

Continue reading

Source Fool.com