5 Best Bear Market Stocks to Buy Now

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

Number of Hedge Fund Holders: 109

Berkshire Hathaway Inc. (NYSE:BRK-B) is a holding company that has invested in a wide variety of businesses such as property, utilities, railroad, insurance, and banking. It is headquartered in Omaha, Nebraska.

The wide variety of different businesses owned by Berkshire Hathaway Inc. (NYSE:BRK-B) have one central theme: they are inflation resistant and can increase their prices without losing customers. This is also a key tenet of Warren Buffett’s investment philosophy.

A key fact about Berkshire Hathaway Inc. (NYSE:BRK-B) that gets lost in coverage is that it has invested heavily in Berkshire Hathaway Energy. This firm has committed a massive $18 billion towards revamping its electricity grid to be more environmentally friendly. Finally, Berkshire Hathaway Inc. (NYSE:BRK-B) has also held its ground against both the S&P 500 and the NASDAQ 100 index, by posting a 10% share price drop this year, compared to the NASDAQ and S&P’s 33% and 24% year to date drops.

109 out of the 895 hedge funds in Insider Monkey’s database had invested in Berkshire Hathaway Inc. (NYSE:BRK-B) as this year’s second quarter ended.

Out of these, Michael Larson’s Bill & Melinda Gates Foundation Trust is Berkshire Hathaway Inc. (NYSE:BRK-B)’s largest investor. It owns 34 million shares that are worth $9 billion.

Diamond Hill Capital mentioned the company in its Q1 2022 investor letter. Here is what the fund said:

“Diversified holding company Berkshire Hathaway reported strong earnings during the quarter and benefited from continued share repurchases below intrinsic value. The company also announced significant deployments of excess cash during the quarter, including the acquisition of Alleghany and a large increase in its stake in Occidental Petroleum.”

Disclosure: None. You can also take a look at 10 Best Cyclical Stocks for Inflation and 10 Best Nuclear Energy Stocks To Buy.

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