5 Best Warren Buffett Stocks To Buy According to Hedge Funds

In this piece, we will take a look at the five best Warren Buffett stocks to buy according to hedge funds. For more stocks, head on over to 12 Best Warren Buffett Stocks To Buy According to Hedge Funds.

5. Bank of America Corporation (NYSE:BAC)

Number of  Hedge Fund Investors In Q4 2022: 100

Bank of America Corporation (NYSE:BAC) is one of the largest banks in America. It is based in Charlotte, North Carolina.

By the end of last year’s fourth quarter, Warren Buffett’s Berkshire Hathaway had owned one billion shares of Bank of America Corporation (NYSE:BAC)  for a $33 billion stake – the second largest in its portfolio and the largest investment in the bank in our database. Apart from Berkshire, 100 of the 943 hedge funds surveyed by Insider Monkey had also bought Bank of America Corporation (NYSE:BAC)’s shares during the same time period.

4. Activision Blizzard, Inc. (NASDAQ:ATVI)

Number of  Hedge Fund Investors In Q4 2022: 129

Activision Blizzard, Inc. (NASDAQ:ATVI) is a video game developer known for titles such as Call of Duty and World of Warcraft. The firm is based in Santa Monica, California.

Insider Monkey took a look at 943 hedge funds for their Q4 2022 investments and found out that 129 had invested in Activision Blizzard, Inc. (NASDAQ:ATVI). During the same time period, Mr. Buffett’s investment firm had owned 52 million shares of the firm for a $4 billion investment, making it Activision Blizzard, Inc. (NASDAQ:ATVI)’s largest investor.

3. Apple Inc. (NASDAQ:AAPL)

Number of  Hedge Fund Investors In Q4 2022: 135

Apple Inc. (NASDAQ:AAPL) is the world’s largest consumer electronics company. It is based in Cupertino, California.

Warren Buffett is Apple Inc. (NASDAQ:AAPL)’s largest shareholder as he owns 835 million shares that are worth a stunning $135 billion. Apple Inc. (NASDAQ:AAPL) is also the largest investment in his portfolio, and 135 of the 943 hedge funds part of Insider Monkey’s database had held the firm’s shares as of December 2022.

2. Mastercard Incorporated (NYSE:MA)

Number of  Hedge Fund Investors In Q4 2022: 139

Mastercard Incorporated (NYSE:MA) is a payments platform provider headquartered in Purchase, New York. It offers credit cards, debit cards, and other services.

During 2022’s final quarter, 139 hedge funds out of the 943 surveyed by Insider Monkey had invested in the company, and Mr. Buffett’s investment firm owned 3.9 million shares of Mastercard Incorporated (NYSE:MA) that were worth $1.3 billion. However, the firm’s largest investor is Charles Akre’s Akre Capital Management which owns 5.8 million shares that are worth $2 billion.

1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of  Hedge Fund Investors In Q4 2022: 240

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce retailer, with a strong presence in enterprise and cloud computing as well. It is based in Seattle, Washington.

Warren Buffett has a relatively ‘small’ stake in Amazon.com, Inc. (NASDAQ:AMZN) which was worth $895 million as of Q4 2022. Compare this with Ken Fisher’s Fisher Asset Management which owns 50 million shares that are worth $4.2 billion. Along with the duo, an additional 238 of the 943 hedge funds part of Insider Monkey’s fourth quarter of 2022 study had bought Amazon.com, Inc. (NASDAQ:AMZN)’s shares.

Disclosure: None. You can also take a look at 10 Best Used Car Stocks To Buy According to Hedge Funds and 12 Best Low-Priced Technology Stocks To Invest In.

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