5 Stocks Ray Dalio and Insiders Are Piling Into

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

Number of Hedge Fund Holders: 109

Berkshire Hathaway Inc. (NYSE:BRK-B) engages in the insurance, freight rail transportation, and utility businesses worldwide. Ray Dalio’s Bridgewater Associates owns 250,026 shares of Berkshire Hathaway Inc. (NYSE:BRK-B) worth $66.7 million as of Q3 2022. A director at the company purchased about 32 Class A shares of Berkshire on September 29, priced between $407,000 to $408,000 each. 

On September 21, investment advisory Edward Jones upgraded Berkshire Hathaway Inc. (NYSE:BRK-B) to Buy from Hold. Analyst James Shanahan issued the ratings update.

According to the second quarter database of Insider Monkey, 109 hedge funds were bullish on Berkshire Hathaway Inc. (NYSE:BRK-B), compared to 104 funds in the prior quarter. Bill & Melinda Gates Foundation Trust held the biggest stake in the company, comprising 34.6 million shares worth $9.5 billion. 

Here is what Black Bear Value Fund has to say about Berkshire Hathaway Inc. (NYSE:BRK-A) in its Q3 2022 investor letter:

“Going forward I expect Berkshire to compound at above average returns from this price. BRK is a collection of high-quality businesses, excellent management, and a good amount of optionality in their cash position. If the cash were to be deployed accretively, the true value would be greater than an 8% premium (as mentioned above). The combination of a pie that is growing, an increasing share of said pie due to stock buybacks, upside optionality from cash and a tight range of likely business outcomes that span a variety of economic futures gives me comfort in continuing to own Berkshire.”

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