Goldman Sachs’ Best Hedge Fund Stock Picks: Top 20 Stocks

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

Number of Hedge Fund Investors in Q2 2024: 120

GS’ Number Of Funds: 17

Berkshire Hathaway Inc. (NYSE:BRK-B) is the world’s biggest investment holding company. Run by Warren Buffett, while the firm is known for its sharp stock picking ability, the largest chunk of Berkshire Hathaway Inc. (NYSE:BRK-B)’s revenue comes from insurance. As of the second quarter, $26 billion of the firm’s $93 billion in revenue was from insurance. However, Berkshire Hathaway Inc. (NYSE:BRK-B) is a well diversified business that has a significant presence in renewable energy, railroads, fuel marketing, energy, industrial and construction products manufacturing, and aviation services. This offers the firm a wide moat as it is able to capitalize on a host of different sectors that are dependent on economic performance. Berkshire Hathaway Inc. (NYSE:BRK-B) also has one of the biggest balance sheets in the world, which is evident through its $36 billion in cash and $234 billion in short term investments. This not only creates additional avenues of growth for the firm but also protects it against any untoward event that might affect its business.

The London Company mentioned Berkshire Hathaway Inc. (NYSE:BRK-B) in its Q1 2024 investor letter. Here is what the firm said:

“Insurance was once again a bright spot in Berkshire Hathaway Inc. (BRK.B)’s 4Q earnings; GEICO showed meaningful margin improvement. The company once again sold some securities in the quarter, resulting in near all-time highs in the balance of cash & short-term investments. Overall, we continue to appreciate BRK.B for their financial strength, investment acumen, and disciplined management.”

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