What Two Stocks Did Warren Buffett Buy? Latest Moves Revealed

Warren Buffett doesn’t buy stocks on a whim. When he moves money, markets take notice. And in late 2025, two new positions caught the attention of investors everywhere - not because they were flashy, but because they fit his decades-old playbook perfectly.

Stock #1: Chevron Corporation (CVX)

Buffett’s Berkshire Hathaway added to its existing stake in Chevron in the third quarter of 2025, bringing its total holding to over 120 million shares. That’s worth roughly $14 billion at current prices. This wasn’t a new buy - it was a continuation of a long-term bet on energy infrastructure and global demand.

Chevron isn’t a tech startup or a crypto coin. It’s a company that produces oil, gas, and increasingly, low-carbon fuels. It pays a reliable dividend - currently 3.7% - and has spent the last five years cutting debt while boosting cash flow. In 2024, Chevron returned $22 billion to shareholders through buybacks and dividends. That’s more than most S&P 500 companies earned in net income.

Buffett’s logic? Energy won’t disappear overnight. Even as renewables grow, the world still needs reliable power. Chevron’s refining network, global supply chains, and disciplined capital allocation make it a rare energy stock that can thrive in both high-price and low-price cycles. He’s not betting on oil hitting $150 a barrel. He’s betting that Chevron will keep making money no matter what.

Stock #2: The Bank of New York Mellon (BK)

The second stock Buffett bought in 2025? A financial services company most people overlook: The Bank of New York Mellon, or BNY Mellon. Berkshire added over 7 million shares in Q3, pushing its stake to nearly 10% of the company.

BNY Mellon doesn’t lend to consumers. It doesn’t run branches like Chase or Wells Fargo. Instead, it’s the behind-the-scenes engine of global finance. It holds trillions in assets for institutional investors - pension funds, hedge funds, sovereign wealth funds. It processes payments, manages securities, and provides custody services. Think of it as the digital vault and clearinghouse for Wall Street.

Why does Buffett care? Because it’s a monopoly with low risk and steady fees. Every time a fund buys or sells a stock, BNY Mellon takes a tiny cut. It doesn’t need to guess the market. It just needs the market to keep running. In 2024, its net income was $3.8 billion, up 12% from the year before. Its return on equity? Over 14%. And it’s been paying a dividend every year since 1975.

Buffett has owned BNY Mellon before - back in the 1990s. He sold it when interest rates were rising and fees looked pressured. But now? With global assets under custody growing at 6% a year and AI tools cutting operational costs, BNY Mellon is more profitable than ever. It’s a boring stock. That’s exactly why he bought it.

What These Picks Reveal About Buffett’s Strategy

These two buys aren’t random. They’re textbook examples of his core principles:

• Buy what you understand. No complex derivatives. No speculative growth models. Just businesses with clear revenue streams.
• Focus on moats. Chevron has physical infrastructure and global scale. BNY Mellon has regulatory barriers and client lock-in. Neither can be easily replaced.
• Look for cash machines. Both companies generate more cash than they need to reinvest. That cash goes to shareholders - through dividends and buybacks.
• Ignore the noise. No one’s talking about Chevron or BNY Mellon as "the next big thing." But Buffett doesn’t care about trends. He cares about value.

These aren’t growth stocks. They’re cash-flow machines. And in a market where AI hype and meme stocks dominate headlines, Buffett’s choices feel almost radical.

What He’s Not Buying - And Why It Matters

Buffett has stayed away from AI-heavy tech stocks like NVIDIA or Microsoft, even as they’ve surged. He’s also avoided electric vehicle makers like Rivian or Lucid. Why? Because he doesn’t see durable competitive advantages.

AI chips? Too many players. EVs? Too much government subsidy dependence. Too many startups burning cash. Buffett doesn’t bet on future promises. He bets on today’s profits.

He also hasn’t bought any new tech giants like Apple since 2018 - even though Apple is his largest holding. He’s holding, not adding. That’s telling. He believes Apple’s moat is strong enough to last, but he doesn’t see a compelling reason to increase his stake right now.

What You Can Learn From Buffett’s 2025 Moves

If you’re an individual investor, here’s what you can take from Buffett’s latest picks:

1. Look for companies with real earnings. If a company’s revenue growth depends on future projections, not current cash flow, it’s risky.
2. Dividends matter. Companies that return cash to shareholders are less likely to waste money on bad deals.
3. Complexity is a red flag. If you can’t explain how a company makes money in one sentence, don’t buy it.
4. Patience beats timing. Buffett held Chevron for over a decade before adding more. He didn’t chase the price. He waited for the right moment.

Buffett’s portfolio isn’t about getting rich quick. It’s about staying rich. And in 2025, with inflation still hovering around 3%, interest rates elevated, and markets volatile, his approach feels more relevant than ever.

Final Thought: It’s Not About the Stocks - It’s About the Mindset

Buffett didn’t buy Chevron and BNY Mellon because they’re "hot." He bought them because they’re solid. They don’t need to be the next big thing. They just need to keep doing what they’ve always done - better than anyone else.

That’s the lesson. You don’t need to find the next Tesla. You need to find the next Chevron: a company that’s been around for decades, pays dividends, has a clear business model, and isn’t trying to be everything to everyone.

And if you can find one of those - and hold it for ten years - you might not be the loudest investor in the room. But you’ll probably be the one with the most money at the end.

Buffett’s 2025 moves aren’t about predicting the future. They’re about recognizing what’s already working - and having the discipline to stick with it. That’s the real secret.