In 2020, American Express (AXP) emerged as Berkshire Hathaway’s largest holding by percentage. Despite a financially turbulent start in 2016, Warren Buffett remained steadfast in his investment in the company. At the 2022 Annual Berkshire Hathaway Shareholders Meeting, Buffett proudly announced, “Now we own 20% of American Express,” underscoring the significant stake Berkshire Hathaway holds in the financial services giant.
Buffett’s unwavering confidence in American Express has been a hallmark of his investment philosophy. Despite occasional market fluctuations and challenges faced by the company, Buffett has consistently expressed optimism about the long-term prospects of his investment in American Express. This confidence is reflected in Berkshire Hathaway’s continued substantial ownership stake in the company, emphasizing Buffett’s belief in the enduring value of American Express as a robust and resilient business entity.
As of the latest available information, there is no indication that Warren Buffett has divested his stake in American Express. On the contrary, his statements at the Berkshire Hathaway Shareholders Meeting in 2022 reaffirmed Berkshire Hathaway’s significant ownership interest in the company. Thus, it appears that Warren Buffett continues to maintain his position as a major shareholder in American Express, demonstrating his enduring confidence in the company’s performance and prospects.
(Response: Yes, Warren Buffett still owns a significant stake in American Express as of the latest available information.)