5 Best Diversified Stocks to Invest In

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

Number of Hedge Fund Holders:  116 

Berkshire Hathaway Inc. (NYSE: BRK-B) is placed second on our list of 10 best diversified stocks to invest in. The company has interests in the insurance, freight rail transportation, and utility businesses. It operates from Nebraska. 

On August 9, investment advisory UBS maintained a Buy rating on Berkshire Hathaway Inc. (NYSE: BRK-B) stock and raised the price target to $329 from $319, underlining that the earnings beat of the firm in the second quarter was driven by a cyclical rebound. 

At the end of the second quarter of 2021, 116 hedge funds in the database of Insider Monkey held stakes worth $22.3 billion in Berkshire Hathaway Inc. (NYSE: BRK-B), up from 111 in the preceding quarter worth $19 billion.

In its Q1 2021 investor letter, Vltava Fund, an asset management firm, highlighted a few stocks and Berkshire Hathaway Inc. (NYSE: BRK-B) was one of them. Here is what the fund said:

“Despite the considerable rise in stock markets over the past year, there are still many attractive opportunities. Human nature also is playing a bit into our hands. Investor crowds often chase popular stocks, hot IPOs, or mysterious SPACs and completely leave aside stocks they consider boring and not sexy enough. A typical example of this category is our long-term largest position in Berkshire Hathaway. Since we bought it for the first time, its price has nearly quadrupled and yet it remains just as undervalued today as it was at that time. Considering the current rate at which it is buying back its own shares and the amount of cash that Berkshire Hathaway has, my greatest wish as a shareholder is for the company’s share price to remain as low as possible for as long as possible.”