All the Marbles

A simple query of ChatGPT created a table of net worth and percentages: as divided among asset classes – (sectors commodities stocks, bonds, cash, commodities , crypto, real estate, Bonds, insurance,AI, etc) – that are held by •Warren Buffett, •Thiel, Bezos, •Soros, •Bill Gates, •Blackrock) and their peers …

---

1. Warren Buffett: His portfolio is heavily weighted in stocks (mainly blue-chip companies like Apple and Coca-Cola) with minimal exposure to alternative assets like crypto or AI. Cash reserves and fixed-income investments (bonds) also play a role

2. Peter Thiel: Thiel is known for investing in startups (AI, crypto, and tech). His portfolio has a heavier weight in venture capital and private equities compared to others.

3. Jeff Bezos: Much of Bezos’ wealth is tied to Amazon stock and real estate, including luxury properties. He also has investments in AI and tech-focused ventures.

4. George Soros: His portfolio is diversified among stocks, bonds, commodities, and philanthropy-related projects. Soros is known for speculating on currencies and commodities.

5. Bill Gates: Gates’ portfolio includes substantial holdings in real estate and equities, alongside private investments in insurance and sustainable technology ventures.

6. BlackRock: As a global asset manager, BlackRock’s allocation reflects a broad diversification strategy across sectors, including bonds, equities, and alternative assets.

General Characteristics of Buffett’s Portfolio• Focus on Value: Buffett invests in companies with strong fundamentals, proven profitability, and long-term growth potential. • Concentration: A large percentage of his portfolio is concentrated in a few key stocks, reflecting his confidence in those businesses. • Dividend-Paying Stocks: Buffett favors companies that return cash to shareholders via dividends.

Sector Allocation

Asset Allocation Philosophy

• Cash Reserves: Buffett often holds significant cash reserves (e.g., ~$140 billion in 2023) for flexibility to seize opportunities during market downturns.
• Bonds: Minimal bond exposure, as Buffett believes inflation erodes fixed-income returns.
• Real Estate: Indirectly invests in real estate through companies like HomeServices of America (a Berkshire Hathaway subsidiary).
• Commodities: Limited exposure outside of energy-related equities.

Recent Activity

In recent years, Buffett has made notable moves into:• Technology: Continued growth in Apple holdings, marking a shift from his historical aversion to tech. • Energy: Increased positions in Chevron and Occidental Petroleum, likely due to undervaluation and robust cash flow during periods of high energy prices.

Key Portfolio Themes1. Long-Term Horizon: Buffett prefers to “buy and hold,” rarely selling core holdings unless the investment thesis changes. 2. Moat Investing: Focuses on companies with sustainable competitive advantages (“economic moats”). 3. Dividend Focus: Many of his top holdings pay high and consistent dividends. 4. Patience: Buffett is known for waiting years for the right pinvestment opportunities.

Company	Sector	Holding Size (% of Portfolio)	Investment Thesis
Apple (AAPL)	Technology	~50%	Core holding due to strong brand loyalty, high margins, and recurring revenue from services and devices.
Bank of America	Financials	~10%	Belief in the strength of U.S. banking and BAC’s cost-efficient model.
Coca-Cola (KO)	Consumer Staples	~7%	Long-term investment with consistent global demand and strong dividend payouts.
American Express	Financials	~6%	Trusted brand in the financial sector with robust fee-based income streams.
Chevron (CVX)	Energy	~5%	Investment in stable oil and gas companies with strong cash flows and dividends.
Kraft Heinz (KHC)	Consumer Staples	~4%	A long-term play on global packaged food demand, despite mixed performance.