4 ETFs That Mirror Warren Buffett’s Buy-and-Hold Strategy in 2026

• VanEck Morningstar Wide Moat ETF (MOAT) holds 50-60 companies with wide competitive advantages trading at discounts to fair value, with tech at 27% of the portfolio and a 0.46% expense ratio; Pacer US Cash Cows 100 ETF (COWZ) screens the Russell 1000 for the 100 highest free cash flow yield companies with $18.2B in assets and a 0.49% expense ratio; VistaShares Target 15 Berkshire Select Income ETF (OMAH) mirrors Berkshire Hathaway’s largest holdings and uses covered calls to target 15% annual income yield with a 0.95% expense ratio.

• ETFs built on Buffett’s core investment mechanics—whether through moat screening, free cash flow prioritization, or direct Berkshire portfolio replication—offer systematic approaches to buying durable competitive advantages at disciplined valuations across different investor objectives and risk tolerances.

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Warren Buffett built his fortune by buying businesses with durable competitive advantages at reasonable prices and holding them for decades. A handful of ETFs are built around the core mechanics of how Buffett actually invests, whether through Morningstar’s moat framework, free cash flow screening, or direct exposure to Berkshire Hathaway’s portfolio itself. A handful of ETFs are built around the core mechanics of how Buffett actually invests, whether through Morningstar’s moat framework, free cash flow screening, or direct exposure to Berkshire Hathaway’s portfolio itself.

VanEck Morningstar Wide Moat ETF (NYSEARCA:MOAT) is the most direct institutional translation of Buffett’s core idea: buy companies with sustainable competitive advantages at a discount to fair value. Morningstar’s equity analysts assign economic moat ratings based on structural advantages like switching costs, network effects, intangible assets, and cost advantages. MOAT holds only companies that earn a “wide moat” designation and trade at attractive valuations relative to Morningstar’s fair value estimates.

That dual filter (moat quality plus valuation discipline) separates this fund from a generic quality ETF. A company can have a wide moat and still be excluded if too expensive. The index rebalances quarterly, rotating toward names that have become more attractively priced relative to fair value. This creates a systematic buy-low discipline that mirrors Buffett’s insistence on margin of safety.

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The portfolio holds roughly 50 to 60 names with no single position exceeding about 3%, and the sector mix skews toward information technology at 27%, consumer defensive at 18%, and healthcare at 18%. The tech weighting reflects the modern reality that software businesses often carry the most durable moats. Current holdings include Fortinet, Zoetis, and Danaher alongside Microsoft and Nvidia.

The fund carries a net expense ratio of 0.46% and has $11.6 billion in assets. Over the past year, it has returned about 24%, though year-to-date it is down roughly 6% as the market has rotated. Because the index tilts toward temporarily out-of-favor names, MOAT can lag in momentum-driven markets and may hold companies in secular decline that happen to screen as cheap.

Buffett has long emphasized free cash flow as the true measure of a business’s earning power, preferring it over reported earnings that can be distorted by accounting choices. Pacer US Cash Cows 100 ETF (NYSEARCA:COWZ) operationalizes that preference by screening the Russell 1000 for the 100 companies with the highest free cash flow yield, rebalancing quarterly.

The result is a portfolio that systematically gravitates toward businesses generating more cash than they need, often trading at depressed prices relative to their cash production. The sector composition reflects this: technology leads at 23%, followed by healthcare at 21% and energy at 17%. Current top holdings include ConocoPhillips, Pfizer, AT&T, Bristol-Myers Squibb, and Altria, names that generate substantial cash relative to their market prices.

The fund has $18.2 billion in assets and a net expense ratio of 0.49%. Over the past year, it has returned about 28%, and is up roughly 2.5% year-to-date. The dividend yield sits around 1.8%.

The tradeoff is sector concentration risk. Because free cash flow yield tends to cluster in certain industries, the portfolio can carry heavy exposure to energy or healthcare, depending on where valuations sit.

VistaShares Target 15 Berkshire Select Income ETF (NYSEARCA:OMAH) mirrors the largest holdings of Berkshire Hathaway’s equity portfolio, adds Berkshire itself as a direct position, and overlays a covered call strategy to generate monthly income targeting a 15% annual yield.

The holdings read like Berkshire’s 13-F filings. Apple is the largest position at about 10%, followed by Berkshire Hathaway at 9.7%, American Express at 8.3%, Occidental Petroleum at 6.6%, and Chevron at 5.3%. The financial sector dominates at 39%, consistent with Buffett’s long-standing preference for financial services businesses with durable competitive positions. Consumer Defensive accounts for another 17%.

The covered call overlay is the distinguishing structural feature, and by writing calls against the equity positions, the fund generates premium income that supplements dividends, allowing it to pursue that 15% income target. This comes at a cost: capped upside in strongly rising markets, since the calls obligate the fund to sell shares at the strike price if the underlying rallies through it.

OMAH launched in March 2025, so its track record is limited. Over the past year, it has returned about 16%, though the fund’s short history means that figure reflects only a narrow market window. The expense ratio of 0.95% is the highest on this list. Assets stand at $689 million, making it the smallest fund here by a wide margin.

Vanguard Value Index Fund ETF (NYSEARCA:VTV) does not try to replicate Buffett’s stock-picking. It provides broad, passive exposure to large-cap value stocks at a cost consistent with his long-standing preference for low fees. Buffett has repeatedly argued that most investors are better served by low-cost index funds than by attempting to select individual stocks or pay active management fees.

The fund tracks the CRSP US Large Cap Value Index and holds several hundred companies. Its largest position is Berkshire Hathaway Class B at about 3%, followed by JPMorgan Chase at 3%, Exxon Mobil at 2.5%, and Johnson & Johnson at 2.3%. The sector breakdown is more balanced than the other funds here, with financials at 21%, healthcare at 15%, and industrials at 14%.

The expense ratio of 0.03% is the defining feature. At that cost, essentially nothing is consumed by fees over time, which matters enormously over multi-decade holding periods. The fund has $225.7 billion in assets, making it one of the largest ETFs, with deep liquidity and negligible tracking error. Over the past year, it has returned about 29%, and it is up about 6% year-to-date, outperforming the more concentrated funds on this list in the recent period.

The tradeoff is breadth. VTV holds every large-cap stock that qualifies as value by CRSP’s methodology, including companies with no particular competitive advantage. An investor who wants only businesses with durable moats or exceptional cash generation will find the portfolio diluted by mediocre names that happen to screen as cheap.

Each fund connects to Buffett’s investment principles through a different mechanism. MOAT applies Morningstar’s moat framework with a valuation filter and quarterly rotation. COWZ screens for free cash flow yield across the Russell 1000, resulting in a portfolio that shifts sector exposure as valuations change. OMAH holds Berkshire’s largest equity positions directly and uses a covered call overlay to generate monthly income, with the tradeoff of capped upside and a higher expense ratio. VTV offers broad, large-cap value exposure at minimal cost, with a portfolio that includes the full range of companies meeting CRSP’s value criteria.

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