Which of Buffett’s bank stocks might make you the most money?

This is the time of the quarter when investors get to see what changes Warren Buffett and the management team at Berkshire Hathaway have made to the conglomerate’s stock portfolio.

The big splash in Berkshire Hathaway Inc.’s

BRK

13F filing with the Securities and Exchange Commission for the end of the first quarter is that Buffett decided he had held shares of Wells Fargo & Co.

WFC

long enough and that it was time to begin buying Citigroup Inc.

C.

So this is a ripe moment to look at all the bank stocks held within Berkshire’s stock portfolio. Investment managers of a certain size must publish their holdings of publicly traded stocks as of the last day of the quarter within 45 days. The deadline was Monday.

First, here are Berkshire’s bank stocks as of March 31, sorted by the market value of Berkshire’s stakes, in dollars:

Bank

Ticker

Value of Berkshire’s holdings – March 31

Company market cap – March 31

Berkshire ownership %

Bank of America Corp.

BAC

$41,636,346,979

$332,637,209,586

12.52%

American Express Co.


AXP
$28,351,200,900

$141,613,024,300

20.02%

U.S. Bancorp


USB
$6,719,110,694

$78,980,900,000

8.51%

Bank of New York Mellon Corp.


BK
$3,591,100,392

$40,056,683,684

8.97%

Citigroup Inc.


C
$2,945,319,560

$103,698,554,700

2.84%

Ally Financial Inc.


ALLY
$389,990,382

$14,231,264,880

2.74%

Sources: Berkshire Hathaway’s 13F filing for March 31, 2022, FactSet.

Berkshire Hathaway is the top shareholder of Bank of America Corp.

BAC,

American Express Co.

AXP,

U.S. Bancorp

USB

and Bank of New York Mellon…

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