Despite this recent data, it's inaccurate to say that Warren Buffet is now going against his previous advice to investors to bet on the American economy with an index fund. S&P 500 index funds accounted for less than
0.02% of Berkshire's portfolio in the third quarter of 2024, meaning that fund sales can hardly be considered a statement about the overall economy.
This is especially true when you consider that Berkshire's portfolio contains many of the same stocks that make up major S&P 500 indexes. Shares of
Amazon.com (NASDAQ: AMZN),
Kraft Heinz (NASDAQ: KHC),
Coca-Cola (NYSE: KO) and
Apple (NASDAQ: AAPL) all remain top holdings in Berkshire Hathaway's portfolio while also making up major portions of the index.