Warren Buffett Disciple Guy Spier’s 10 High Conviction Stock Picks

1. Berkshire Hathaway Inc. (NYSE:BRK.A)

Value of Aquamarine Capital Management’s 13F Position (6/30/2024): $57.2 million (BRK.B), $18.4 million (BRK.A)

Number of Hedge Fund Shareholders (3/31/2024): 155

Topping the list of Guy Spier’s stock picks is his large investment in Warren Buffett’s holding company Berkshire Hathaway Inc. (NYSE:BRK.A). Aquamarine Capital has owned 140,600 shares of BRK.B dating back to late 2015 and the stock has ranked as its top pick throughout much of the intervening 8+ years. Berkshire Hathaway has consistently ranked as one of hedge funds’ favorite stocks, as fellow investors try to capture just a little bit of Warren Buffett’s magic.

Berkshire Hathaway Inc. (NYSE:BRK.A) ranks as the The Most Profitable Insurance Company in the World, generating $3.6 billion in underwriting earnings during its 2023 fiscal year. Geico is one of several insurance companies owned by Berkshire, which also owns a range of other businesses such as Duracell, Dairy Queen, BNSF, and Fruit of the Loom. The company’s fiscal Q1 earnings jumped by 41% to $5.19 per share, while operating profit soared 39% to $11.2 billion.

In addition to owning several high-profile companies, Berkshire Hathaway Inc. (NYSE:BRK.A) also holds Buffett’s gargantuan investment portfolio, which was valued at $332 billion on March 31. The company is also sitting on a record pile of cash totaling $189 billion as of March 31, giving it ample ammunition to make a major acquisition if its finds the right deal. In the meantime the company has been buying back more of its stock to put some of its cash to use, taking $2.6 billion worth of its shares out of circulation in Q1.

BRK.A/BRK.B ranks first among the 20 Most Profitable Insurance Companies in the World. You can visit our list of the 20 Most Profitable Insurance Companies in the World to see the other profitable insurance stocks that are on hedge funds’ radar. While we acknowledge the profit potential of insurance stocks including BRK-B, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than Berkshire Hathaway but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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