10 Best Fortune 500 Stocks To Buy Now

5. Berkshire Hathaway Inc. (NYSE:BRK-B)

Market Capitalization as of September 14: $965.85 billion

Number of Hedge Fund Holders: 120

Berkshire Hathaway Inc. (NYSE:BRK-B) is a multinational conglomerate holding company, known for its diverse investments in insurance, manufacturing, retail, and utilities.

It’s the world’s most profitable insurance company. Its portfolio includes major brands like Geico, Duracell, and Dairy Queen. The company’s core insurance operations generate substantial investable cash, which Warren Buffett utilizes for delivering impressive returns.

Recently, Berkshire Hathaway Inc. (NYSE:BRK-B) entered the LNG market by acquiring Dominion Energy’s share of the Cove Point LNG export plant in Maryland in 2023. With the LNG market expected to boom over the next 5 years (projected to grow 5x from 2024 to 2028), Berkshire Hathaway Inc.’s (NYSE:BRK-A) stock is certainly one to watch.

In Q2 2024, revenue was $93.65 billion, improving 1.24% year-over-year. The earnings per share was $5.38. With a track record of strategic acquisitions, this stock is an attractive choice for investors seeking stability and long-term growth.