Although Warren Buffett is no longer the CEO of Berkshire Hathaway, new CEO Greg Abel said in his first annual letter to shareholders that Buffett is still in the office five days a week. Additionally, many of the stocks in Berkshire’s massive equities portfolio today were picked while Buffett was at the helm, and Abel also said he expects many of Berkshire’s largest equity holdings to see limited activity.
Here are two Buffett stocks to buy hand over fist in March.
Image source: The Motley Fool.
1. Apple: A less-risky artificial intelligence play
The consumer tech giant Apple (AAPL 0.03%) remains the largest position in Berkshire’s portfolio, accounting for 23% of capital. Perhaps one of the more surprising things in Abel’s letter is that Apple is expected to remain a core position, despite Berkshire having sold a large portion of its stake in the company in recent years. Apple used to account for 40% of capital in Berkshire’s equities portfolio.
In recent years, Apple has received much criticism for its lack of a strong artificial intelligence (AI) strategy, while its peers in the “Magnificent Seven” have forged ahead. But as investors grew increasingly worried about the hundreds of billions of dollars these companies were devoting to AI infrastructure, Apple has not devoted the same kind of capex to AI infrastructure, and looked like a more conservative play among the group.
Today’s Change
(-0.03%) $-0.08
Current Price
$260.75
Key Data Points
Market Cap
$3.8T
Day’s Range
$259.55 – $262.11
52wk Range
$169.21 – $288.62
Volume
639K
Avg Vol
48M
Gross Margin
47.33%
Dividend Yield
0.40%
Furthermore, investors still expect Apple to put together a clearer AI strategy at some point. In January, the company announced a partnership with Google to have its AI model, Gemini, fuel many of Apple’s future offerings, including a revamped version of Siri. Gemini will run on Apple devices and its private cloud. There are also media reports indicating Apple may eventually expand the partnership to use Google’s cloud infrastructure.
Furthermore, Apple has recently reported strong sales of its flagship iPhone 17, with 23% year-over-year growth in its most recent quarter. I think investors would like to see deeper integration of AI capabilities into Apple’s devices, but Apple is a Magnificent Seven stock with AI upside potential and not as much risk as the broader group right now.
2. Chevron: A good way to gain exposure to oil
Since rumors began to spread about the current conflict in Iran and the Middle East, the price of oil has shot up and now hovers around $100 per barrel. This price jump is likely to benefit many oil companies, including Chevron (CVX +2.06%), whose stock is up more than 23% this year.
No one can predict what will happen in the Middle East. If the conflict lasts only a few weeks, it’s likely the price of oil will come back down. Still, I don’t think it’s a bad idea for investors to have some exposure to oil, especially given the high demand for power of all forms that will be needed to fuel the AI revolution.
Aside from offering exposure to oil, Chevron has done a good job of managing the company. The balance sheet is strong, and debt is manageable. The company recently acquired Hess to form an upstream portfolio that it expects to have industry-leading margins. During 2025, Chevron also reached 1 million barrels of oil production in the Permian Basin.
Today’s Change
(2.06%) $3.84
Current Price
$190.13
Key Data Points
Market Cap
$372B
Day’s Range
$186.98 – $190.23
52wk Range
$132.04 – $192.41
Volume
182K
Avg Vol
11M
Gross Margin
14.66%
Dividend Yield
3.71%
Given the removal of former Venezuelan President Nicolás Maduro, Chevron, which already had existing infrastructure and operations in the country, is set to significantly boost its production in Venezuela. Management believes the company could boost production by up to 50%.
Finally, Chevron continues to return a healthy amount of capital to shareholders. The company repurchased $12 billion of stock last year and seems to be on a similar trajectory this year. Chevron also has a healthy dividend yield of 3.75% and a strong track record, having paid and raised its annual dividend for 39 straight years.
