10 Best Holding Company Stocks To Buy Now

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

Number of Hedge Fund Holders: 120

Berkshire Hathaway Inc. (NYSE:BRK-B) is a multinational company with businesses in multiple industries including financial services, insurance, energy, transportation, rail, and utility. The company not only provides services across several insurance lines, but also engages in the generation and distribution of electricity from natural gas, coal, wind, solar, and nuclear sources. Berkshire Hathaway retails household appliances, electronics, kitchenware, and motorcycle equipment. Some of its subsidiaries include GEICO, Dairy Queen, HomeServices of America, and Berkshire Hathaway Energy.

In the second quarter of 2024, Berkshire Hathaway Inc. (NYSE:BRK-B) logged $93 billion in revenue, of which $26 billion came from insurance. In the first half of 2024, the company’s investment income increased by 36% year-over-year. GEICO, Berkshire’s auto-insurance subsidiary now provides coverage for 28 million vehicles, up from 17 million in 2019.

Berkshire Hathaway Inc. (NYSE:BRK-B) holds a strong position in the world, especially in the United States. It has ownership rights and control over multiple major companies across the globe, contributing to its position on our list. According to the company’s latest shareholder letter, it currently owns 6% of the entire universe in which it operates.

Berkshire Hathaway Inc.’s (NYSE:BRK-B) competitive edge lies in its presence in multiple industries diversifying its risk and making it one of the best holding company stocks to buy now. According to our database, 120 hedge funds held stakes in Berkshire Hathaway Inc. (NYSE:BRK-B) in the second quarter, with positions worth $12.54 billion. With stakes amounting to $10.02 billion, Bill & Melinda Gates Foundation Trust is the largest shareholder of the company, as of June 30.

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