12 Best Blue Chip Stocks To Invest In According to Short Sellers

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

Number of Hedge Fund Holders: 120

Short % of Shares Outstanding: 0.57%

Berkshire Hathaway Inc. (NYSE:BRK-B) is a multinational conglomerate company that operates in the financial services, insurance, energy, transportation, rail, and utility industries. 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 also retails household appliances, electronics, kitchenware, and motorcycle equipment.

The company boasts a reliable source of income from its stable operating businesses. 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 addition to that, the company has ownership rights and control over multiple major companies. According to the company’s latest shareholder letter, it currently owns 6% of the entire universe in which it operates.

Insurance underwriting and insurance investment income were the two primary segments of the company in FY 2023, reporting $5.4 billion and $9.6 billion in operating earnings, respectively. Its railroad segment was the third largest segment, with operating earnings worth $5 billion.

Berkshire Hathaway Inc. (NYSE:BRK-B) is one of the best blue chip stocks and we say that because the company has strong roots in multiple industries diversifying its risk. According to our database, 120 hedge funds held stakes in Berkshire Hathaway Inc. (NYSE:BRK-B) and the Bill & Melinda Gates Foundation Trust was the largest shareholder of the company, as of June 30.

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