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Warren Buffett's Portfolio Except 3 Stocks Soars in 2019

- By Holly LaFon

Following a tough fourth quarter that crushed his company's net income, Warren Buffett (Trades, Portfolio)'s portfolio has soared year to date.


His stocks, which may not all have completely rebounded from their low points late last year, are enjoying the benefit of a vigorous market to start 2019. S&P 500 constituents rose 14.84% year to date, nearly erasing their fourth-quarter dive. Meanwhile, 45 of Buffett's 48 stocks have posted gains.

The swing to positive territory in the first quarter may also help earnings results at Buffett's company, Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B). Due to accounting rule changes requiring the company to include variations in market value of equity investments in the calculation of net income, Berkshire posted a net loss of $25.39 billion in the fourth quarter. For the quarter of 2017, which did not include unrealized gains and losses in stocks, Berkshire's net income was $32.55 billion.

Of Berkshire's stocks that stumbled year to date, packaged foods giant The Kraft Heinz Co. (KHC) fell the most, declining 22.51%. Kraft Heinz has a 7.66% weighting in the portfolio as its sixth-largest position. Teva Pharmaceuticals followed Kraft with a 5.64% slide year to date. The specialty and generic pharmaceuticals company represented only 0.36% of Berkshire's portfolio as one of its smaller positions. Coca-Cola Co. (KO) is down 0.59% for the year. Once Buffett's largest position, it has fallen to fourth since 2017.

On the positive side, one of Berkshire's most critical positions, Apple Inc. (AAPL), which occupies 21.51% of the portfolio, has had a solid year. The tech behemoth rose 26.94% year to date and, although it has not returned to its peak price of August, has delivered Berkshire an estimated gain around 37.44% based on average quarterly buy prices.

Starring as Berkshire's best performer is StoneCo Ltd. (STNE), the Brazilian electronic payments company that the Wall Street Journal reported was an investment one of Berkshire's portfolio managers, Todd Combs. The stock soared 103.25% year to date, rising 53.66% above its initial public offering price of $24 in October. Berkshire purchased shares of the company on Oct. 29, three days after its IPO, giving it only a 0.14% portfolio weight.

See Berkshire Hathaway's portfolio here.

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This article first appeared on GuruFocus.