economy
January 31, 2026
American Express challenges Apple for No. 1 slot in Berkshire's portfolio
Big Apple sales and gains for American Express have put Amex within a few billion dollars of becoming the most valuable holding in Berkshire's portfolio.
TL;DR
- American Express is close to becoming Berkshire Hathaway's most valuable equity holding, surpassing Apple.
- Berkshire Hathaway has sold approximately three-quarters of its Apple stock since mid-2023.
- American Express stock has gained 106% over the past 2.5 years, compared to Apple's 35% gain.
- Berkshire's stake in American Express has increased to 22% due to stock buybacks.
- American Express could become the top holding in Berkshire's next portfolio snapshot.
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