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Warren Buffett stocks: Here are Berkshire Hathaway's 5 best-performing shares of 2023

warren buffett
Warren BuffettREUTERS/Rick Wilking
  • Berkshire's largest stakes include stocks like Apple, Bank of America, and Kraft Heinz.

  • So far this year, standout names from the portfolio include Nu Holdings and Paramount Global.

  • Here's a list of Berkshire Hathaway's five best-performing stocks year-to-date.

Warren Buffett's Berkshire Hathaway has built a reputation for investing in valuable companies and holding them for the long term.

Berkshire's largest stakes include stocks like Apple, Bank of America, Kraft Heinz, and Occidental Petroleum. But they aren't the biggest gainers in the new year.

Here are Berkshire's top five performers so far in 2023, according to February 13F filings and CNBC's Warren Buffett Portfolio Tracker.

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Paramount Global, up 37.5%

Berkshire Hathaway holds a 15.4% stake in the streaming media giant, and it makes up 0.7% of its portfolio.

Floor & Decor Holdings, up 27.2%

Berkshire Hathaway holds a 4.5% stake in the flooring retailer, and it makes up 0.1% of its portfolio.

Ally Financial, up 23.3%

Berkshire Hathaway holds a 10% stake in the banker, and it makes up 0.3% of its portfolio.

General Motors, up 22.1%

Berkshire Hathaway holds a 3.6% stake in the automaker, and it. makes up 0.6% of its portfolio.

RH, up 21.18%

Berkshire Hathaway holds a 9.9% stake in the high-end furnishings retailer, and it makes up 0.2% of its portfolio.

Meanwhile, Berkshire slashed three key holdings in its portfolio last quarter. First, it cut its stake in Taiwan Semiconductor by 86%, marking an unusual move that caused the stock to turn lower.

Then, the famed investor's company cut its stake in US Bancorp by 91% to fewer than 7 million shares worth about $300 million. Similarly, it reduced its BNY Mellon holdings by roughly 60%, to about 25 million shares worth about $1.1 billion at the end of 2022.

Read the original article on Business Insider