Warren Buffett's $48 Billion American Express Stake Has Been a Huge Winner. The Latest Results Say the Streak Is Far From Over.
As of June 30, Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) owned 22.5% of the shares outstanding of American Express (NYSE: AXP). That position is worth $48 billion (as of Oct. 27). After Apple, the premium credit card enterprise is the conglomerate’s largest holding. It represents 13.1% of the entire portfolio.