Updated from 10:24 a.m. EDT

Back in December, Stockpickr did an article on the highest-yielding stocks owned by Warren Buffett. It's now time for an update, because many of the stocks have dropped in value, creating higher yields.

So we've reviewed Buffet's stockholdings and compiled an updated portfolio of the Top Buffett High-Yield Stocks. Keep in mind that all dividends are subject to change or elimination.

To read the rest of the story and to find out what stocks a super investor such as Warren Buffet is buying, please click here.

A note from James Altucher:Every weekend I send an email to Jim Cramer and several hedge fund managers about the most interesting portfolios posted on Stockpickr that week. Usually those portfolios not only list stocks according to atheme but also offer significant analysis as to why the stocks are cheap.Here are some examples: Here's the challenge: Build a portfolio at Stockpickr.com with greatanalysis, and send me the link. Each great portfolio (with analysis)will get posted on TheStreet.com with your byline (as a "StockpickrGuest Columnist") and will be included in my email I send to Jim and the otherhedge fund managers on my list.

Stockpickr is a wholly owned subsidiary of TheStreet.com.