It’s been a bumpy ride for the U.S. stock market in 2025. The S&P 500, which is often seen as a benchmark for the market’s health, has taken a step back, dropping 4.44% to around 5,608 points. To put it in perspective, we haven’t seen levels this low since September of 2024.

This market dip, along with the ups and downs we’ve been seeing, has been pretty serious. In fact, it’s led many market watchers to rethink their predictions for how the year will end. Some are even suggesting that the U.S. economy might have slipped into a recession right at the beginning of March.

But amidst all this market chaos, one name continues to shine: Warren Buffett. The legendary investor is once again proving why he’s so highly regarded. His company, Berkshire Hathaway (NYSE: BRK.A, BRK.B), is standing out as one of the few that’s actually been doing well since the start of the year.

Berkshire Hathaway stock rallies despite 2025 market downturn

Let’s talk specifics. Berkshire Hathaway’s stock price is currently hovering around $524.49. That means it’s jumped up by 15.71% since January 2nd – the very first trading day of 2025! And get this, on the morning of March 18th, it even reached a brand new all-time high.

While most other big-name stocks are feeling the pressure, Berkshire’s success is a bit of an anomaly. You could argue that it’s less about the current market conditions and more about the “Buffett effect”—his solid reputation and the massive pile of cash he built up in the latter half of 2024 are likely playing a big role.

How Warren Buffett’s top stocks are doing in 2025

If you dive into Berkshire Hathaway’s most recent filings (the 13-f filing), a curious picture emerges. It turns out that a significant portion of their top holdings, specifically three out of the top five, are actually down this year. These three stocks made up a hefty 56% of their portfolio as of December 31st.

Let’s look at the details. Apple (NASDAQ: AAPL), which is Berkshire’s biggest single investment at 28% of the portfolio, has dropped by 14.91% to $213.08.

Then there’s Bank of America (NYSE: BAC) and American Express (NYSE: AXP). They’ve also seen declines, with Bank of America falling 5.59% to $41.49 and American Express decreasing by 12.02% to $261.12.

However, it’s not all red on the screen. The fourth and fifth largest holdings in Berkshire’s portfolio from the end of 2024 are actually performing quite well in 2025. Coca-Cola (NYSE: KO) is up by a solid 12.04% reaching $69.76, and Chevron (NYSE: CVX) has climbed 9.85% to $159.11.

Looking beyond just the big holdings, some of Warren Buffett’s more recent moves in the first quarter of 2025, at least as of March 18th, seem pretty standard.

Here’s what Buffett has been buying and selling in 2025

We know that Buffett’s firm made a $54 million purchase of Sirius XM (NASDAQ: SIRI) stock on January 30th. Interestingly, this stock is slightly down for the year (0.90%) and has even dipped a little below Buffett’s buying price. He also invested $35.7 million in Occidental Petroleum (NYSE: OXY) shares on February 7th.

Interestingly, Occidental Petroleum stock is not only up for the year overall, but it’s also trading higher than when Buffett made his recent purchase.

On the selling side, Warren Buffett decided to offload nearly $150 million worth of his stake in Davita (NYSE: DVA) in early February. He sold these shares just before and after February 11th and 14th – smart timing, considering the stock then took a significant 20% nosedive over the following two weeks.