14 Best 52-Week High Stocks to Buy According to Short Sellers

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

52 Week Range: $330.58 – $469.85

Current Share Price: $468.37

Short interest rate: 0.57%

Number of Hedge Fund Holders: 120

Berkshire Hathaway Inc. (NYSE:BRK-B) is a financial services company in the insurance, freight, rail transportation, and utility business. It offers property, casualty, life, accident, health insurance, and reinsurance and operates railroad systems in North America.

It boasts a diversified portfolio of wholly owned operating businesses that provide it with a reliable stream of income through dividends. This conglomerate encompasses a range of entities, including insurance operations, Railways, Berkshire Hathaway Energy, and many others.

Berkshire Hathaway Inc. (NYSE:BRK-B)’s core business is characterized by robust and steadily increasing earnings. In the second quarter, the conglomerate reported operating earnings of $11.6 billion, marking a 15% increase compared to the previous year.

The company retains 100% of its earnings, which it strategically allocates towards enhancing shareholder value. This is achieved through the repurchase of its own stock, the acquisition of additional operating entities, and the investment in its investment portfolio. Berkshire Hathaway has a commendable track record of reinvesting its retained earnings from its operating subsidiaries to generate greater shareholder returns.

Berkshire Hathaway Inc. (NYSE:BRK-B) is one of the best 52-week high stocks to buy, according to short sellers, and it has a solid track record in generating shareholder value. While trading at a price-to-earnings multiple of 20, the company ended the second quarter with a cash haul of $277 billion that it can use to pursue investments to generate shareholder value.

By the end of the second quarter, 120 hedge fund portfolios held Berkshire Hathaway Inc. (NYSE:BRK-B), up from 119 in the previous quarter, according to our database.

Here is what The London Company Large Cap Strategy said about Berkshire Hathaway Inc. (NYSE:BRK-B) in its first quarter 2024 investor letter:

“Berkshire Hathaway Inc. (NYSE:BRK-B) – Insurance was once again a bright spot in Berkshire Hathaway’s (BRK.B) 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.”