The Buffett test: This one chart shows how much every Club holding spends on stock buybacks

The logo of Meta Platforms is seen in Davos, Switzerland on May 22, 2022.
Arnd Wiegmann | Reuters

When Warren Buffett speaks, Wall Street listens — and the "Oracle of Omaha" issued a full-throated defense of stock buybacks in his latest annual letter to Berkshire Hathaway shareholders. That's why we're shining a light on the Club holdings that repurchase the most stock, including Morgan Stanley (MS), Meta Platforms (META) and Apple (AAPL).