Billionaire Warren Buffett Bets $120,000,000,000 on Two Assets After Dumping Bank of America, JPMorgan Chase, Wells Fargo
2025-07-03 22:46:56
Description
Billionaire Warren Buffett is now betting a whopping $120 billion on just two assets. The chairman and CEO of Berkshire Hathaway has allocated 40.1% of the firm’s portfolio to Apple (AAPL) and American Express (AXP), according to new SEC filings . Berkshire initiated its investment in Apple back in 2016 and has adjusted its holdings multiple times, including significant reductions this year. And the firm’s steady exposure to American Express comes despite a years-long departure from the US banki...
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