Warren Buffett and Hedge Funds Are Crazy About These 10 Stocks

5. Citigroup Inc. (NYSE:C)

Berkshire Hathaway’s Stake Value: $3.49 Billion

Number of Hedge Fund Investors: 94

Citigroup Inc. (NYSE:C) is one of the largest banks in the US and one of Buffett’s top investments in the financial service sector. Citigroup Inc. (NYSE:C) remains one of the top stocks that Warren Buffett and hedge funds are crazy about because it has been paying dividends consistently since 2011.

According to the latest regulatory filings, Berkshire Hathaway held 55.24 million shares of Citigroup Inc. (NYSE:C) as the first quarter of 2024 concluded. These shares were valued at $3.49 billion, accounting for 1.05% of their total investment portfolio. Insider Monkey’s database of hedge funds shows that 94 hedge funds held stakes in Citigroup Inc. (NYSE:C) as of the end of Q1 2024, an increase from 91 as of the end of 2023.

Here is what Diamond Hill Capital Long-Short Fund said about Citigroup Inc. (NYSE:C) in its first quarter 2024 investor letter:

“Other top Q1 contributors included Meta Platforms, Citigroup Inc. (NYSE:C) and Walt Disney. Banking and financial services company Citigroup’s restructuring efforts are ongoing, and it continues remediating regulatory issues and building capital in anticipation of increased requirements. The company expects to see expenses fall meaningfully in the second half of 2024, bolstering the outlook from here.”