Goldman Sachs’ List Of Stocks That Hedge & Mutual Funds Love & Hate: 28 Stocks On The Mutual and Hedge Funds Radar

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

Number of Hedge Fund Holders In Q2 2024: 120

Category: Most popular with HFs and underweight among mutual funds

Berkshire Hathaway Inc. (NYSE:BRK-B) is the world’s most well known investment management company since it is the primary investing vehicle of Warren Buffet. However, while the firm makes the news mostly because of Wall Street, an indispensable part of Berkshire Hathaway Inc. (NYSE:BRK-B)’s business is insurance. It is one of the largest car insurers in America courtesy of its GEICO business which also allows the company to cross sell home insurance products to its car insurance customers. As of Q2, $26 billion of Berkshire Hathaway Inc. (NYSE:BRK-B)’s $93 billion in revenue came from insurance and the firm held a whopping $234 billion in short term investments. Berkshire Hathaway Inc. (NYSE:BRK-B) is also a diversified company, and it has operations in the railroad, renewable energy, broader energy, construction products, and industrial industries. Consequently, the stock is exposed to economic headwinds and broader economic growth.

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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