Goldman Sachs Energy Stocks: Top 5 Stock Picks

3. Berkshire Hathaway Inc. (NYSE:BRK-A)

Goldman Sachs’ Stake Value: $2,523,386,666

Number of Hedge Fund Holders: 109

Berkshire Hathaway Inc. (NYSE:BRK-A) participates worldwide in the insurance, freight rail transportation, and utility sectors through its subsidiaries. One of Berkshire Hathaway Inc. (NYSE:BRK-A)’s prominent subsidiary is Berkshire Hathaway Energy, making it a top Goldman Sachs energy stock. Securities filings for Q2 2023 reveal that Goldman Sachs owned 7.4 million shares of Berkshire Hathaway Inc. (NYSE:BRK-A) worth $2.5 billion. 

On August 5, Berkshire Hathaway Inc. (NYSE:BRK-A) reported a Q2 non-GAAP EPS of $6,928.40 and a revenue of $92.50 billion, outperforming Wall Street estimates by $1,375.84 and $11.93 billion, respectively. 

According to Insider Monkey’s second quarter database, 109 hedge funds were bullish on Berkshire Hathaway Inc. (NYSE:BRK-A), compared to 108 funds in the last quarter. Bill & Melinda Gates Foundation Trust is the leading position holder in the company, with 25.14 million shares worth $8.5 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.”