Most investors are familiar with top traders and investors Warren Buffett, George Soros and Carl Icahn. Stockpickr thought it would be a good idea to put their heads together to see what the best high-yield stocks are, based on the aggregated portfolio of their investments.

At the top of the list is a Warren Buffett pick, Bank of America ( BAC), which has a yield of 5.1%. BofA has a price-to-earnings ratio of 10 and a P/E-to-growth ratio of 1.4.

Bank of America is owned by another noted trader, Leon Cooperman, who runs a New York-based $4.5 billion hedge fund, Omega Advisors. Cooperman, who was a former general partner of Goldman Sachs, also owns 3M ( MMM), which has a yield of 2.1%, and Nokia ( NOK), which yields 1.3%.

The highest-yielding stock for George Soros is Weyerhaeuser ( WY). This forest products company pays out 3.4% and just received a favorable ruling in the Paragon case involving adequate disclosure of its diaper business. The stock has a P/E of 11 and a PEG of 6.7.

Additionally, Weyerhaeuser is included in the portfolio of the Tocqueville (TOCQX) fund, a Morningstar five-star-rated open-end fund that has had an average annual return of 18% for the last three years. Tocqueville also owns Murphy Oil ( MUR), which generates a yield of 1.1%, and Newmont Mining ( NEM), which pays a yield of 0.9%.

The top high-yield stock in Carl Icahn's portfolio is MeadWestvaco ( MWV). This packaging, office products and specialty chemicals company pays a yield of 3.1%, with a P/E of 48 and a PEG of 2.3.

MeadWestvaco is owned by the Wells Fargo Advantage Mid Cap (SMCDX) fund, delivering an average annual return of 13% over the last five years. Some of the portfolio's other holdings include Kroger ( KR), with a 1.1% yield, and Hershey ( HSY), with a 2.6% yield.

The entire list of the highest-yielding stocks of the Four Horsemen of Trading can be found at Stockpickr. The Four Horsemen traders portfolios are available at Warren Buffett, George Soros and Carl Icahn.
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for The Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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