Warren Buffett’s top 10 stock picks for 2018 include number 10. Southwest Airlines, that he has 47.6 million shares in. The second stock on the top 10 list is number 9 Bank of New York, where Buffett holds 60.8 million shares, also has added 10 million shares valued at $3.2 billion. Buffett holds 24.7 million shares of Moody’s Corp, which comes in at 8 on the list. Moody’s reported 4.2 billion in revenue for the 2017 fiscal year, also having a 36-country presence in the world. At number 7, we have U.S. Bancorp. That Buffett has holdings in the amount of 87 million shares, worth $4.6 billion.
Coca-Cola comes in at number 6. Buffett holds 400 million shares, maybe at the most predictable position in Berkshire’s portfolio. Buffett says he will not be selling these shares as he is often seen with a Cherry Coke. Coca-Cola has invested in Monster Beverage, Keurig Green Mountain, and Suja Juice. The company would have to show stronger growth with savings of $3 billion annual. At number five we have American Express as one of Berkshire Hathaway’s more valuable holdings coming in at 151.6 million shares. Costco recently severed ties with American Express after 16 years.
American Express easily exceeds the positions of Mastercard and VISA in Berkshire’s portfolio. Bank of America which Berkshire has 679 million shares worth $20.4 billion. Kraft Heinz is struggling despite having 10 different brands making more than $500 million each. Wells Fargo has 458.2 million shares at $27.8 billion at the end of 2017. Apple stock is the number one stock on Buffett’s list, which is at 165.3 million shares. The year-end value in 2017 was $257 billion. Buffett is a very well trained hedge fund manager who really knows what he’s doing. He rarely makes mistakes.