5 Best Stocks to Buy Now According to Bill Gates

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

Gates’ Stake Value: $9,479,061,000
Percent of Bill & Melinda Gates’ 13F Portfolio: 45.23%
Number of Hedge Fund Holders: 111

Ranking 2nd in our list of 10 best stocks to buy now according to Bill Gates is Berkshire Hathaway Inc (NYSE:BRK.A). The Nebraska-based multinational conglomerate holding company was founded in 1839. The company owns various notable brands such as GEICO, Duracell, Dairy Queen, Forest River, and NetJets. In 2020, Berkshire Hathaway Energy entered a definitive agreement with energy company Dominion Energy, Inc. (NYSE:D) in a $9.7 billion deal. The acquisition includes over 7,700 miles of natural gas transmission lines, 900 billion cubic feet of operated natural gas storage, and 364 billion cubic feet of company-owned working storage capacity, and partial ownership of a liquefied natural gas export, import, and storage facility.

Berkshire Hathaway Inc (NYSE:BRK.A) posted its operating profit of $7.01 billion in the first quarter of 2021, higher than the first quarter of 2020 revenue of $5.87 billion. The 52-week price range of Berkshire Hathaway Inc (NYSE:BRK.A) is $262,700-445,000. Shares of BRK.A jumped 43% over the last twelve months. 

There were 111 hedge funds that reported owning stakes in Berkshire Hathaway Inc (NYSE:BRK.A) at the end of the first quarter, up from 110 funds a quarter earlier. The total value of these stakes at the end of Q1 is $19.8 billion.

Vltava Fund mentioned Berkshire Hathaway Inc (NYSE:BRK.A) in its Q1 2021 investor letter. 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.”