Top 10 Stocks to Buy According to Akre Capital Management

4. Brookfield Corporation (NYSE:BN)

Number of Hedge Fund Holders as of Q4: 37

Akre Capital Management’s Equity Stake: $1.09 Billion 

Brookfield Corporation (NYSE:BN), a leading multinational alternative investment management firm, reported record financial results for the year ending December 31, 2024. On February 13, the company announced that its asset management division saw inflows exceeding $135 billion, while its wealth solutions business solidified its status as a premier annuity provider in the U.S. Additionally, the company’s operating businesses maintained stable cash flow generation, contributing to its overall financial strength.

Nick Goodman, President of Brookfield Corporation (NYSE:BN), expressed confidence in the company’s growth trajectory, citing positive momentum across its business segments. He emphasized that Brookfield’s access to large-scale capital remains robust and that the increased transaction activity expected in 2025 will further drive growth in cash flows and intrinsic value. The company’s diversified investment approach, spanning real estate, infrastructure, renewable energy, and private equity, continues to support its long-term financial objectives.

In line with its strong performance, Brookfield Corporation (NYSE:BN) reported a 15% increase in distributable earnings, reaching a record $4.9 billion, or $3.07 per share. This growth underscores the company’s ability to generate consistent returns for its shareholders, even amid fluctuating economic conditions. Brookfield’s disciplined investment strategy and emphasis on high-quality assets have positioned it to capitalize on market opportunities and sustain its impressive earnings trajectory.

Reflecting its commitment to returning value to shareholders, Brookfield’s Board of Directors approved a 13% increase in its quarterly dividend, raising it to $0.09 per share, or $0.36 annually. The dividend is payable on March 31, 2025, to shareholders of record as of March 14. The Board also confirmed regular monthly and quarterly dividends on the company’s preferred shares, reinforcing Brookfield Corporation (NYSE:BN)’s focus on delivering stable and growing returns to its investors.

Baron Real Estate Fund stated the following regarding Brookfield Corporation (NYSE:BN) in its Q4 2024 investor letter:

“Leading real estate-focused asset managers Blackstone Inc. and Brookfield Corporation (NYSE:BN) have an opportunity to increase market share due to impressive investment track records and global scale advantages. They are positioned to benefit from a secular growth opportunity for alternative assets due to long track records of generating attractive relative and absolute returns with what is perceived, in some cases, as less volatility than several other investment options.”