You Probably Won???t Guess Warren Buffett???s Biggest Bet

Warren Buffett is famous for investing in well-established, household names such as Wells Fargo Bank (WFC), Coca-Cola (KO) and IBM (IBM).

That???s why you may be surprised to learn that Buffett???s top bet — accounting for a whopping 29.21% of Berkshire Hathaway???s (BRK-B) publicly traded stock portfolio — is a brand new company established only in 2015.

But The Kraft Heinz Company (KHC) isn???t your conventional ???start-up.???

Kraft Heinz: A Classic Buffett Bet

Kraft Heinz was cobbled together as a merger of Kraft Food Group and Heinz in 2015.

Starting on day one, it was already the world???s fifth-largest food and beverage company.

Despite being a new company, Kraft Heinz has all the hallmarks of an ideal Berkshire Hathaway investment.

Buffett loves well-known, mainstream brands with simple business models and consistent earnings. And Kraft Heinz is a collection of iconic brands that all Americans recognize.

To read the rest of this article on Warren Buffett’s biggest bet, please click here.