Billionaire Warren Buffett Owns 6 Dow Jones Stocks. Here's My Top Buy for 2026.

• Many of Berkshire's apical holdings are industry-leading companies that present accordant results.

• Visa has a predictable runway for aboriginal growth.

• The outgo processor conscionable rewarded shareholders with implicit $22 cardinal successful banal buybacks and dividends.

• 10 stocks we similar amended than Visa ›

Warren Buffett-led Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) holds positions successful implicit 40 publically traded companies, six of which are components of the Dow Jones Industrial Average (DJINDICES: ^DJI).

The Dow has 30 components successful total, and 4 retired of 5 of Berkshire's largest holdings are Dow stocks: Apple, American Express, Coca-Cola, and Chevron.

Additionally, Berkshire owns Amazon, which was added to the Dow past year, and Visa (NYSE: V).

Here's wherefore Visa is my apical bargain of these six names for 2026.

Berkshire's nationalist equity portfolio is worthy astir $302 billion. But its controlled businesses are arguably adjacent much valuable. The crown jewel is its spot and casualty security businesses. Given Berkshire's expertise successful uncovering worth successful the fiscal sector, it's nary astonishment that it owns each 3 of the large recognition paper companies -- American Express, Visa, and Mastercard.

Visa is the largest of the three, some successful presumption of marketplace capitalization and transaction volume. The much cards that participate the Visa network, the greater the inducement for merchants worldwide to judge Visa, which boosts gross that tin beryllium utilized to spouse with adjacent much fiscal institutions, successful crook starring to much paper issuances. Rinse and repeat.

As you tin spot successful the chart, Visa is converting astir fractional of its gross into escaped currency travel (FCF) -- which showcases conscionable however efficiently its concern operates.

Visa's main expenses are related to maintaining and expanding its network, labor, and marketing. It's a precise capital-light concern model, particularly considering that Visa partners with fiscal institutions to contented cards. By not issuing its ain cards, Visa doesn't person to interest astir bearing the recognition risk. So it's not liable for however responsibly oregon irresponsibly its paper users negociate their spending.

Another payment is that it doesn't person to wage its users rewards. That's besides done by fiscal institutions, specified arsenic JPMorgan Chase's Chase Sapphire and Chase Freedom Unlimited, the Bank of America Customer Cash Rewards card, oregon the Wells Fargo Active Cash card, which are each Visa cards. By comparison, American Express spends much than treble connected cardmember perks than it collects successful yearly fees (but it makes up for that shortfall successful different ways).