5 Stocks to Buy and Hold for Long Term According to Warren Buffett

2. The Bank of New York Mellon Corporation (NYSE: BK)

Number of Hedge Fund Holders: 52    

The Bank of New York Mellon Corporation (NYSE: BK) is placed second on our list of 10 stocks to buy and hold for the long term according to Warren Buffett. The company provides financial services and is based in New York. Regulatory filings reveal that Berkshire Hathaway owned over 72 million shares in The Bank of New York Mellon Corporation (NYSE: BK) worth more than $3.7 billion at the end of the second quarter of 2021, representing 1.26% of the portfolio. 

On July 20, investment advisory Argus upgraded The Bank of New York Mellon Corporation (NYSE: BK) stock to Buy from Hold with a price target of $55, citing the second quarter earnings beat of the firm in the ratings update. 

At the end of the second quarter of 2021, 52 hedge funds in the database of Insider Monkey held stakes worth $4.9 billion in The Bank of New York Mellon Corporation (NYSE: BK), up from 49 the preceding quarter worth $4.7 billion.