The latest holdings of Warren Buffett's Berkshire Hathaway in the first quarter of 2024 are as follows:

1. Apple: Apple Inc. remains Buffett's top heavy position, despite reducing its holdings by about 11.6 million shares in this quarter, the market value of Apple's stock still exceeds $135 billion, accounting for 41%.

2. Bank of America: As one of the companies with the highest dividend income for Buffett, the expected dividend income is about $991.5 million. Berkshire Hathaway holds about 1.03 billion shares of Bank of America, accounting for more than 9% of Buffett's investment portfolio.

3. American Express: It is an international financial services company. The main businesses include credit card services, charge card services, traveler's checks, travel services, financial planning, and international banking, etc. The service network of American Express covers more than 100 countries and regions around the world.

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4. Coca-Cola: Buffett holds 400 million shares of Coca-Cola through Berkshire Hathaway, accounting for 7.15% of his total investment portfolio. From receiving a dividend of 75 million yuan in 1994 to 2022, the dividend has grown to $704 million.

Buffett once said that what he and Charlie Munger need to do is to receive a Coca-Cola dividend check every quarter, and the future dividend will continue to grow. This reflects Buffett's emphasis on long-term sustainable dividends.

5. Chevron: A world-renowned oil company.

6. Occidental Petroleum: Buffett increased his holdings in Occidental Petroleum in the first quarter, making it one of Berkshire's important positions.

7. Kraft Heinz: A world-renowned food company.

8. Moody's: Moody's Corporation is a globally renowned credit rating agency. Buffett has been holding Moody's stock since its listing in 2001. Buffett believes that Moody's "moat" is extremely strong, that is, Moody's has a strong market position and brand influence in the credit rating industry, which is one of the important reasons for his long-term holding of Moody's stock.9. AIG Insurance: In the second half of 2023, Warren Buffett began to heavily invest in AIG Insurance. By the end of March 2024, Berkshire Hathaway had accumulated nearly 26 million shares of AIG Insurance.

10. DaVita HealthCare: It is a global provider of kidney dialysis services. In addition to dialysis centers, DaVita also manages more than 900 hospital management services. Berkshire Hathaway holds about 33% of the issued common stock of DaVita. DaVita HealthCare has a unicorn status in the field of renal dialysis, and its laboratories have an absolute leading position throughout the United States.

In addition, Berkshire Hathaway also has some other stocks, but since the positions are not heavy, they are not analyzed here.

Buffett's top ten heavy positions show that his investment preferences are mainly concentrated in the following industries:

1. Consumer: Although Apple Inc. is Buffett's largest position, he claims to invest from the perspective of consumer stocks, not from the perspective of technology stocks. The consumer goods industry may be Buffett's favorite. Coca-Cola and Kraft Heinz are long-term positions of Buffett.

2. Finance: The financial industry is one of Buffett's investment preferences: Bank of America, American Express, Moody's, and AIG are all financial industry stocks.

3. Energy: The energy industry is also an area that Buffett likes to invest in: Chevron and Occidental Petroleum have been held by Buffett for a long time. Historically, Buffett has repeatedly invested in energy stocks, including China Petroleum.

From this, we can see that Buffett's position preferences have the following characteristics:

1. He likes to invest in industries that he is familiar with.The consumer industry is relatively easy to analyze and is an industry he is more familiar with. The financial industry is his old trade, so he heavily invests in the financial industry. In terms of the energy industry, he has a lot of investment experience and has a preference for this kind of investment.

2 Industry-leading companies

Buffett prefers to invest in companies that have a clear competitive advantage and leading position in their respective industries. The vast majority of the companies he invests in are leading companies in various industries in the United States, and even the world's number one companies. It can be said that Buffett does not invest in unknown people. At least the heavy positions are like this.

3 Companies with simple business and stable income

Buffett's top ten heavy positions are all companies with very simple business and stable income. Although Buffett has also bought technology stocks many times, most of the positions are short, and Apple can be considered an exception.

From Buffett's positions, we can get the following insights:

1. Long-term investment: Most of Buffett's heavy positions have been held for more than 5 years, and some have been held for more than fifty or sixty years.

2. Value investment: Most of the stocks Buffett holds are industry leaders with relatively low valuations.

3. Diversified investment: Although Buffett's positions are concentrated in certain industries, such as finance, consumer goods, and energy, his investment portfolio also shows a certain degree of diversification. In addition to these positions, he also has many physical operations, such as Berkshire Hathaway owning many insurance companies, including GEICO, General Re, and Berkshire Hathaway Reinsurance Group, etc.

Berkshire Hathaway owns Burlington Northern Santa Fe, which is one of the largest railway companies in North America. Berkshire Hathaway Energy is involved in multiple fields such as power supply and renewable energy projects.Berkshire Hathaway owns a number of manufacturing companies, including aircraft parts manufacturer Precision Castparts and building materials producer Clayton Homes. Berkshire Hathaway also owns a number of retail enterprises, such as Nebraska Furniture Mart and Borsheims jewelry store.

Buffett also has investments in the media field, the most famous of which are investments in The Washington Post and Disney. Berkshire Hathaway is also involved in many other fields, including financial services, metal processing, building materials, etc.

Through Berkshire Hathaway's diversified investment portfolio, Buffett has successfully transformed the company from a textile manufacturing enterprise into a huge investment holding company, involved in multiple industries and fields. This diversified business strategy helps to diversify risks and bring stable returns to the company.

4. Value dividends: Some of the companies in Buffett's holdings, such as Coca-Cola and Bank of America, have stable dividend policies. Dividends can provide investors with a stable cash flow and may grow over time.

In summary, Buffett's investment in the top 10 heavy stocks is relatively conservative, mostly leading companies in traditional industries. Pursuing the certainty and safety of investment may be Buffett's greatest secret to success.