In this article we discuss the 5 best stocks to buy according to Bruce Berkowitz’s Fairholme Capital. If you want to read our detailed analysis of Berkowitz’s history and hedge fund performance, go directly to the 10 Best Stocks to Invest In According to Bruce Berkowitz’s Fairholme Capital.
5. Kinder Morgan, Inc. (NYSE: KMI)
Berkowitz’s Stake Value: $11,109,000
Percentage of Bruce Berkowitz’s 13F Portfolio: 0.91%
Number of Hedge Fund Holders: 38
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in the US. The company operates oil and gas pipelines and terminals and is ranked 5th on our list of the 10 best stocks to buy according to Bruce Berkowitz’s Fairholme Capital.
In the company’s Q1’21 report, it was revealed that Kinder Morgan, Inc. (NYSE: KMI) increased its dividend to $1.08 a share. The company also managed to reduce its debt from $43 billion to $30.7 billion, showing improving financial prospects. Kinder Morgan, Inc. (NYSE: KMI) also gained 38.79% year-to-date, making it a tempting company to invest in.
4. AT&T Inc. (NYSE: T)
Berkowitz’s Stake Value: $12,072,000
Percentage of Bruce Berkowitz’s 13F Portfolio: 0.99%
Number of Hedge Fund Holders: 63
This American telecommunications company ranks 4th on our list of the best stocks to buy according to Bruce Berkowitz’s Fairholme Capital. It is the world’s largest company in the sector, and the second-largest mobile telephone services provider.
Recently, AT&T Inc. (NYSE: T) won a $725 million deal to modernize the US Department of Veterans Affairs’ data network.
Nelson Capital Management, in its Q1 2021 investor letter, mentioned AT&T Inc. (NYSE: T). Here is what Nelson Capital Management has to say about AT&T Inc. in its letter:
“Nelson Capital stayed busy in the first quarter, making several adjustments within our core portfolio. In the communication services sector, we sold AT&T (tkr: T). Over the years, AT&T has made several poor acquisitions, especially in the content realm, leaving the company saddled with debt and unable to change directions.”
3. Enbridge Inc. (NYSE: ENB)
Berkowitz’s Stake Value: $12,442,000
Percentage of Bruce Berkowitz’s 13F Portfolio: 1.02%
Number of Hedge Fund Holders: 22
This natural gas transmission company with headquarters in Calgary, Alberta, specializes in transporting crude oil and liquid hydrocarbons. Enbridge Inc. (NYSE: ENB) ranks 3rd on our list of the 10 best stocks to buy according to Bruce Berkowitz’s Fairholme Capital.
The company’s Q121 report highlighted adjusted earnings of $1.6 billion, a decrease from the previous year’s adjusted earnings valued at $1.7 billion. Yet, Enbridge Inc. (NYSE: ENB) gained 17.55% year-to-date.
2. Berkshire Hathaway Inc. (NYSE: BRK-A)
Berkowitz’s Stake Value: $12,763,000
Percentage of Bruce Berkowitz’s 13F Portfolio: 1.05%
Number of Hedge Fund Holders: 111
Berkshire Hathaway Inc. (NYSE: BRK-A) is an American multinational conglomerate holding company. It has headquarters in Omaha, Nebraska, and is ranked 2nd on our list of the best stocks to buy according to Bruce Berkowitz’s Fairholme Capital.
On June 8, Berkshire Hathaway Inc. (NYSE: BRK-A) announced that it would buy a $500 million stake in the Brazilian Nu Pagamentos.
1. The St. Joe Company (NYSE: JOE)
Berkowitz’s Stake Value: $1,104,484,000
Percentage of Bruce Berkowitz’s 13F Portfolio: 91.16%
Number of Hedge Fund Holders: 17
Ranking 1st on our list of the 10 best stocks to buy according to Bruce Berkowitz’s Fairholme Capital is The St. Joe Company (NYSE: JOE). It is currently the stock Berkowitz’s fund holds the most shares in. This is a land development company and is Florida’s second-largest private landowner.
The St. Joe Company (NYSE: JOE) has a market cap of $2.89 billion, and a dividend yield of 0.65%. Additionally, the company gained 16.97% year-to-date.
You can also take a peek at15 Best Technology Stocks To Buy Now and 10 Best Value Stocks To Buy Now.
