Berkshire Hathaway Has Nearly 14% of Its $359 Billion Portfolio Invested in This Winning Stock That's Doubled in 5 Years
Berkshire Hathaway holds nearly 14% of its $359 billion portfolio in American Express, making it the conglomerate's second-largest holding. The article highlights that American Express has positioned its brand to attract an affluent customer base with high spending power, and the stock has doubled over the past five years.
Why it matters — AXP watchers would care because this highlights Berkshire Hathaway's significant confidence in the company as a top holding, underscoring its appeal among high-spending affluent customers.