5月中旬,伯克希爾哈撒韋Berkshire Hathaway(NYSE:BRK.A)(NYSE:BRK.B)向美國證券和交易委員會(SEC)提交了13F持倉報告。美國銀行業危機的背景之下,巴菲特的一舉一動都備受關注。
人們之所以密切關注伯克希爾哈撒韋的投資組合,原因很簡單:伯克希爾哈撒韋的長期投資業績非常驚人。1965年至2022年這58的時間裡,該股股價的年複合增長率(CAGR)達19.8%,相比標普500指數的年化收益率為9.9%。為了展示複利的魔力,伯克希爾股東的累計收益率高達3787464%,同期標普500指數的收益率為24708%。
如果這還不夠形象,這相當於1965年投資伯克希爾的1萬美元,到2022年底已經升值到了3.7876億美元,而標普500指數的投資者只有248萬美元。如此高的收益率絕非好運能夠解釋。
2023年一季度,伯克希爾哈撒韋建倉了以下3只股票(按照權重從低到高排列):
一季度迄今,伯克希爾還清倉了以下股票:
伯克希爾哈撒韋股票投資組合的總規模約為3300億美元,但持股較為集中,僅持有50只股票,其中前6大重倉股的比重約為80%,蘋果Apple(NASDAQ:AAPL)這一隻股票就占了大約47%。
板塊佈局方面,重倉蘋果意味著比重最高的板塊自然是信息技術,占比約為49%。金融公司占投資組合的22%,必選消費占12%,能源超過10%,其餘的都在10%以下。
以下是伯克希爾哈撒韋所有50只持股的大名單(截至3月31日,持股市值截至5月16日):
| 公司 | 持股數量 | 持股市值 |
| Activision Blizzard Inc. (ATVI) | 49,439,781 | $3,845,426,166 |
| Ally Financial Inc. (ALLY) | 29,000,000 | $727,030,000 |
| Amazon.com Inc. (AMZN) | 10,551,000 | $1,200,492,780 |
| American Express Co. (AXP) | 151,610,700 | $22,503,576,201 |
| Aon PLC (AON) | 4,335,000 | $1,435,101,750 |
| Apple Inc. (AAPL) | 915,560,382 | $157,540,474,931 |
| Bank of America Corp. (BAC) | 1,032,852,006 | $28,258,830,884 |
| BYD Co. Ltd. (BYDDF) | 108,340,642 | $3,363,976,934 |
| Capital One Financial Corp. (COF) | 9,922,000 | $902,405,900 |
| Celanese Corp. (CE) | 8,819,016 | $906,771,225 |
| Charter Communications Inc. (CHTR) | 3,828,941 | $1,283,997,075 |
| Chevron Corp. (CVX) | 132,407,595 | $20,319,269,529 |
| Citigroup Inc. (C) | 55,244,797 | $2,500,931,960 |
| Coca-Cola Co. (KO) | 400,000,000 | $25,292,000,000 |
| DaVita Inc. (DVA) | 36,095,570 | $3,557,218,424 |
| Diageo PLC (DEO) | 227,750 | $40,733,088 |
| Floor & Decor Holdings Inc. (FND) | 4,780,000 | $425,945,800 |
| General Motors Co. (GM) | 40,000,000 | $1,261,600,000 |
| Globe Life Inc. (GL) | 6,353,727 | $675,274,106 |
| HP Inc. (HPQ) | 120,952,818 | $3,588,670,110 |
| Itochu Corp. (ITOCF) | 98,380,800 | $3,431,522,304 |
| Jefferies Financial Group Inc. (JEF) | 433,558 | $12,789,961 |
| Johnson & Johnson (JNJ) | 327,100 | $52,116,843 |
| Kraft Heinz Co. (KHC) | 325,634,818 | $12,699,757,902 |
| Kroger Co. (KR) | 50,000,000 | $2,447,000,000 |
| Liberty Latin America Ltd. Class A (LILA) | 2,630,792 | $21,335,723 |
| Liberty Latin America Ltd. Class C (LILAK) | 1,284,020 | $10,426,242 |
| Liberty Media Formula One Series C (FWONK) | 7,722,451 | $569,839,659 |
| Liberty Sirius XM Group Series A (LSXMA) | 20,207,680 | $562,177,658 |
| Liberty Sirius XM Group Series C (LSXMK) | 43,208,291 | $1,199,030,075 |
| Louisiana-Pacific Corp. (LPX) | 7,044,909 | $442,913,429 |
| Markel Corp. (MKL) | 471,661 | $640,190,192 |
| Marsh & McLennan Cos. Inc. (MMC) | 404,911 | $72,912,324 |
| Mastercard Inc. (MA) | 3,986,648 | $1,515,883,036 |
| McKesson Corp. (MCK) | 2,289,864 | $906,763,245 |
| Mondelez International Inc. (MDLZ) | 578,000 | $44,968,400 |
| Moody’s Corp. (MCO) | 24,669,778 | $7,582,996,362 |
| Nu Holdings Ltd. (NU) | 107,118,784 | $653,424,582 |
| Occidental Petroleum Corp. (OXY) | 213,872,911 | $12,434,571,045 |
| Paramount Global Class B (PARA) | 93,730,975 | $1,401,278,076 |
| Procter & Gamble Co. (PG) | 315,400 | $49,126,704 |
| Snowflake Inc. (SNOW) | 6,125,376 | $1,051,788,313 |
| SPDR S&P 500 ETF Trust (SPY) | 39,400 | $16,163,850 |
| StoneCo Ltd. (STNE) | 10,695,448 | $151,126,680 |
| T-Mobile US Inc. (TMUS) | 5,242,000 | $753,275,400 |
| United Parcel Service Inc. (UPS) | 59,400 | $9,893,070 |
| Vanguard 500 Index Fund ETF (VOO) | 43,000 | $16,208,850 |
| Verisign Inc. (VRSN) | 12,815,613 | $2,876,720,650 |
| Visa Inc. (V) | 8,297,460 | $1,912,315,606 |
| Vitesse Energy Inc. (VTS) | 51,026 | $992,456 |