Warren Buffett hasn't seen a lot to like in the stock market lately. Through the first three quarters of 2024, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) sold $133 billion worth of stock from the portfolio he manages for the conglomerate. While he's made a few new purchases in that time, they total just $5.8 billion.

Though the Oracle of Omaha has been a net seller of stocks for two years, you can be a confident buyer of these three industry-leading businesses in the new year.

The Berkshire Hathaway CEO spent more than $400 million on Occidental Petroleum shares, which just hit a nearly three-year low amid fears that oil prices may keep falling.

Despite Buffett overseeing stakes in nearly four-dozen securities, the lion's share of Berkshire's invested assets have been put to work in seven top ideas.