Buffett_UNL
Warren Buffett
  • Through Berkshire Hathaway, Warren Buffett owns an under-the-radar stock portfolio worth $5.9 billion.
  • New England Asset Management is a subsidiary of General Re, which Berkshire bought for $22 billion in 1998.
  • These are the top 10 holdings of NEAM's $6 billion stock portfolio, according to SEC filings.

Billionaire investor Warren Buffett's moves in the stock market are widely followed by investors as they try to replicate his success.

Through Berkshire Hathaway, Buffett and his lieutenants manage a portfolio of stocks worth nearly $300 billion as of September 30.

But Buffett also owns an under-the-radar stock portfolio worth $5.9 billion through Berkshire Hathaway. The portfolio is managed by New England Asset Management, which provides investment management services that are tailored to insurance companies.

New England Asset Management was acquired by General Re in 1995. Then, in 1998, Berkshire Hathaway acquired General Re for $22 billion, making New England Asset Management a wholly owned subsidiary of Buffett's conglomerate.

While Buffett has no influence over the $6 billion portfolio managed by New England Asset Management, the portfolio does have some striking similarities to Buffett's $300 billion stock portfolio.

For one, it's extremely concentrated, with its top 10 positions making up 92% of the portfolio. The top 10 holdings of Berkshire Hathaway's main stock portfolio make up 87% of its assets.

Additionally, New England Asset Management has a knack for owning some of its stocks for decades, and there's considerable overlap in the names of stocks owned by New England Asset Management and Buffett.

Apple, for example, is New England Asset Management's top holding and was first purchased by the fund in 2013. That's three years before Buffett decided to add Apple to his portfolio, which is also now its largest position.

These are the top 10 holdings of New England Asset Management. This list is as of September 30 and excludes ETFs and focuses on individual stocks. The ETFs excluded from this list include the SPDR S&P 500 ETF, the iShares Core S&P 500 ETF, the iShares MSCI Europe ETF, and the iShares Select Dividend ETF. 

10. Cisco Systems

Cisco logo on a sign

Ticker: CSCO
Market Value: $8.7 Million
Percent of Portfolio: 0.15%
Date First Acquired: Q1 2001

9. JPMorgan

JPMorgan CEO Jamie Dimon is holding a microphone and giving a speech with the word JPMorgan behind him

Ticker: JPM
Market Value: $11.2 million
Percent of Portfolio: 0.19%
Date First Acquired: Q1 2001

8. Bank of New York Mellon

Bank of New York Mellon

Ticker: BK
Market Value: $11.7 million
Percent of Portfolio: 0.20%
Date First Acquired: Q1 2015

7. Microsoft

Satya Nadella, CEO of Microsoft.
Satya Nadella, CEO of Microsoft.

Ticker: MSFT
Market Value: $13.0 million
Percent of Portfolio: 0.22%
Date First Acquired: Q1 2001

6. Diageo

A man walks past barrels outside the Diageo Shieldhall facility near Glasgow, Scotland August 26, 2010.    REUTERS/David Moir
A man walks past barrels outside the Diageo Shieldhall facility near Glasgow, Scotland

Ticker: DEO
Market Value: $38.7 million
Percent of Portfolio: 0.66%
Date Acquired: Q3 2005

5. HP

The Hewlett Packard (HP) logo is displayed in front of the office complex on October 04, 2019 in Palo Alto, California.
The Hewlett Packard (HP) logo is displayed in front of the office complex on October 04, 2019 in Palo Alto, California.

Ticker: HPQ
Market Value: $410.6 million
Percent of Portfolio: 6.99%
Date First Acquired: Q3 2021

4. Chevron

Chevron gas station
A U.S. postal worker puts his seatbelt on after filing up his vehicle at a gas station in Garden Grove, California, U.S., March 29, 2022.

Ticker: CVX
Market Value: $637.9 million
Percent of Portfolio: 10.85%
Date First Acquired: Q1 2001

3. US Bancorp

Facade of US Bank.

Ticker: USB
Market Value: $668.5 million
Percent of Portfolio: 11.37%
Date First Acquired: Q1 2001

2. Bank of America

A Bank of America storefront.
A Bank of America storefront.

Ticker: BAC
Market Value: $687.1 million
Percent of Portfolio: 11.69%
Date First Acquired: Q3 2017

1. Apple

Hand gestures to display of new iPod Touch colors at Apple event in 2012
The iPod Touch is displayed during an Apple event in 2012.

Ticker: AAPL
Market Value: $2.83 billion
Percent of Portfolio: 48.13%
Date First Acquired: Q1 2013

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