5 Best Stocks to Buy Now According to Tom Gayner’s Markel Gayner Asset Management

3. Brookfield Asset Management Inc. (NYSE:BAM)

Markel Gayner Asset Management’s Stake Value: $493,049,000
Markel Gayner Asset Management’s 13F Portfolio: 5.87%
Number of Hedge Fund Holders: 29

Brookfield Asset Management Inc. (NYSE:BAM) provides institutional and retail clients with public and private investment products and services. As of the first quarter of 2022, Markel Gayner Asset Management’s stake in Brookfield Asset Management Inc. (NYSE:BAM) was a hefty $493.05 million, which covers 5.87% of the fund’s 13F portfolio.

Following the “excellent” Q1 results, Deutsche Bank analyst Brian Bedell decreased his price objective on Brookfield Asset Management Inc. (NYSE:BAM) to $60 from $62 and reiterated a Hold rating on the stock. The analyst believes the shares have much less potential than the other alternative managers at current pricing.

By the end of the fourth quarter, Insider Monkey found Brookfield Asset Management Inc. (NYSE:BAM) to be a part of 29 hedge fund portfolios. The total stakes that these funds had in the company are worth $2.73 billion, down from $2.50 billion the prior quarter with 32 positions.

In its Q2 2021 investor letter, Baron Funds mentioned Brookfield Asset Management Inc. (NYSE:BAM). Here is what the fund said:

“The shares of long-term holding Brookfield Asset Management Inc. gained 15% in the most recent quarter. The company is a leading alternative asset manager focused on investing in high-quality real estate and infrastructure related assets that tend to generate predictable and growing cash flows. We remain bullish about the ongoing prospects for Brookfield given the secular growth opportunity for alternative assets, the company’s many competitive advantages including scale, global capabilities, its well known brand name, operating expertise, and performance track record. We hold management in high regard and believe the shares remain attractively valued.”