10 Best Stocks For Beginners With Little Money

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

Number of Hedge Fund Holders In Q2 2024: 120

Berkshire Hathaway Inc. (NYSE:BRK-B) is Warren Buffett’s investment holding company. Not only does it invest in stocks and hold on to them for dear life most of the time, but it also has a sizeable presence in the insurance industry. During the second quarter, $26 billion of Berkshire Hathaway Inc. (NYSE:BRK-B)’s revenue came from insurance. It has a presence in both homeowners and auto insurance industry, with the latter being the larger business. For insurance specifically, Berkshire Hathaway Inc. (NYSE:BRK-B) benefits from cross selling home policies to its auto consumers. The firm is also well diversified, and it has a sizeable presence in cyclical and counter cyclical industries such as energy, green energy, construction, railroads, and aviation services. Finally, its fortress of a balance sheet sees Berkshire Hathaway Inc. (NYSE:BRK-B) hold an unbelievable $234 billion in short term investments, which provides it with more liquidity than most banks in the world for a well rounded business model.

The London Company mentioned Berkshire Hathaway Inc. (NYSE:BRK-B) in its Q1 2024 investor letter. Here is what the fund said:

“Insurance was once again a bright spot in Berkshire Hathaway Inc. (BRK.B)’s 4Q earnings; GEICO showed meaningful margin improvement. The company once again sold some securities in the quarter, resulting in near all-time highs in the balance of cash & short-term investments. Overall, we continue to appreciate BRK.B for their financial strength, investment acumen, and disciplined management.”