Here are Warren Buffett's biggest investments

Photo: Paul Morigi/ Getty Images for Fortune/ Time Inc.

Warren Buffett‘s Berkshire Hathaway has replaced Wells Fargo as its biggest investment.

Apple held the top spot in the firm’s portfolio as of December 31, according to the fourth-quarter 13-F filing published last week. Major investment firms, including hedge funds, are required to disclose their long positions in stocks every quarter. Because of a time delay, however, these positions may have changed or been closed by the time the filing is public.

Buffett’s annual letter to shareholders is set to be released on Saturday.

The top-10 list below, via Bloomberg, is ranked in ascending order of the market value of Berkshire’s positions at the end of the fourth quarter, and includes the gains made in that period. It also shows whether Berkshire bought more shares, sold, or did nothing. The list excludes Kraft Heinz, as this investment is accounted for with the equity method because Berkshire owns a significant controlling stake.


Southwest Airlines

Markets Insider

Ticker:
LUV

Sector: Services

Market Value: $US3.12 billion

Market-value Change: $US451.34 million

Q4 Position Change: Unchanged


Bank of New York Mellon

Ticker:
BK

Sector: Financial

Market Value: $US3.28 billion

Market-value Change: $US612.53 million

Q4 Position Change: +10.6 million shares


Moody’s Corporation

Ticker:
MCO

Sector: Services

Market Value: $US3.64 billion

Market-value Change: $US207.23 million

Q4 Position Change: Unchanged


US Bancorp

Markets Insider

Ticker:
USB

Sector: Financial

Market Value: $US4.67 billion

Market-value Change: $US106.08 million

Q4 Position Change: +2 million shares


Phillips 66

Markets Insider

Ticker:
PSX

Sector: Basic Materials

Market Value: $US8.16 billion

Market-value Change: $US769.78 million

Q4 Position Change: Unchanged


American Express

Ticker:
AXP

Sector: Financial

Market Value: $US15.06 billion

Market-value Change: $US1.34 billion

Q4 Position Change: Unchanged


Coca-Cola

Ticker:
KO

Sector: Consumer Goods

Market Value: $US18.35 billion

Market-value Change: $US348 million

Q4 Position Change: Unchanged


Bank of America

Markets Insider

Ticker:
BAC

Sector: Financial

Market Value: $US20.04 billion

Market-value Change: $US2.84 billion

Q4 Position Change: Unchanged


Wells Fargo

Markets Insider

Ticker:
WFC

Sector: Financial

Market Value: $US27.8 billion

Market-value Change: $US2.20 billion

Q4 Position Change: -6 million shares


Apple

Ticker:
AAPL

Sector: Consumer Goods

Market Value: $US27.98 billion

Market-value Change: $US7.31 billion

Q4 Position Change: +31.24 million shares


DON’T MISS:

spirit of america / Shutterstock.com

GOLDMAN SACHS: These 17 stocks offer the best bargains in the market right now ยป

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.