Want to have the opportunity to invest like Warren Buffett? Like the idea of owning shares in a company alongside the Oracle of Omaha? Interested in knowing which stock Buffett keeps buying - and now has almost $3 billion invested in? I still remember the famous "Be like Mike" Gatorade commercials from when I was a kid. But I was never very good at basketball. Instead, I want to be like Buffett. Yep. Warren Buffett. He built a fortune of $100 billion purely through investing. And if he hadn't already given away billions of dollars to charity, he'd be worth $200 billion today. He's basically the GOAT of investors. The cool thing about it is, us regular retail investors can buy the same stocks he does. He manages a $300 billion common stock portfolio within his conglomerate Berkshire Hathaway. And Berkshire Hathaway releases a 13F filing within 45 days of every quarter close, which shows what stocks they bought and sold for the portfolio. Now, Buffett does have two lieutenants helping to manage the portfolio - Todd Combs and Ted Weschler. So we can never be sure which stocks Buffett is buying and selling. But Todd and Ted have been hand-picked by Buffett to act as his... proxy.

Today, I want to tell you which stock Berkshire Hathaway has been buying up like crazy. Ready? Let's dig in. The stock that Buffett and his team can't get enough of is Kroger Co. (KR). Kroger is an American retail company with a market cap of $35 billion. Kroger operates more than 2,700 supermarkets across 35 states (and the District of Columbia), in addition to multi-department stores, pharmacies, jewelry stores, fuel centers, and food processing plants. Did Buffett buy this stock himself? Hard to say. But I can say, it's a classic Buffett stock. Buffett likes to see a number of things before he buys a stock. He wants a simple business model that he can understand, to make sure it's within his circle of competence.

Well, this is a grocery store chain. It's not difficult to understand how that works, especially considering that Buffett worked at a grocery store as a kid. Another classic Buffett element of this stock is the buybacks. Yep. Buffett loves when a company is buying back its own stock and reducing the float - or the outstanding share count. That means his stake in a business rises organically, all by itself, without him having to go out and buy shares.

When a company retires shares and reduces the float, the remaining owners naturally own a larger percentage of the business than they did before. Kroger has reduced its outstanding share count by a whopping 34% over the last decade. You know what else is classic Buffett here? The fact that this stock pays a growing dividend. That's right. Buffett loves a stock that pays a growing dividend. As do I. See, Buffett likes to collect safe, passive, growing cash flow, which he can store up and use to redeploy into investments as he sees fit. Now, Kroger's yield of 1.8% isn't setting the world on fire. But that's no problem. Buffett doesn't chase after high-yield, low-quality junk stocks. Nor do his lieutenants.

As I've said a million times, you shouldn't be chasing yield. Berkshire gets this. They understand how compounding works, especially when you're able to reinvest growing dividends back into other high-quality stocks also paying growing dividends. Kroger has increased its dividend for 16 consecutive years.

If you're looking for a classic Warren Buffett dividend growth stock that Warren Buffett is personally exposed to in the $300 billion stock portfolio he manages - a stock his firm has been buying up left and right and now has almost $3 billion invested in - Kroger should be on your radar.

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