12 Safest Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 120

Berkshire Hathaway Inc. (NYSE:BRK-B) is an Omaha-based conglomerate with interests in transport, insurance, and other businesses. There are several key factors that make this company an outstanding investment. First, the company’s operational resilience and adaptability in managing higher volumes are reflected in the report for the third quarter of 2024. For instance, operating revenues from consumer products were $2.1 billion, showing an increase of 7% and 8.2%, respectively, from 2023. The revenue increases were attributable to higher volumes of 16.7% in the third quarter and 16.9% in the first nine months of 2024 compared to 2023, partially offset by lower average revenue per unit. Secondly, Berkshire Hathaway’s BNSF railway plans to invest $3.8 billion this year in maintenance and expansion. These projects will include 11,400 miles of surfacing and undercutting work on the tracks, as well as the replacement of 2.5 million rail ties and 410 miles of rail.

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