In this piece, we will take a look at Warren Buffett’s top five growth stock picks. If you want to take a look at his latest investments, then check out Warren Buffett’s 11 Growth Stock Picks.
5. Moody’s Corporation (NYSE:MCO)
Berkshire Hathaway’s Q2 2023 Investment: $8.6 billion
Latest P/E Ratio: 43.66
Moody’s Corporation (NYSE:MCO) is a financial services firm that is best known for its credit ratings that inform investors about the health of firms or governments that issue debt. The firm created quite a bit of a stir in August when it downgraded 10 small and mid sized U.S. banks and warned that more downgrades could follow.
During Q2 2023, 60 of the 910 hedge funds part of Insider Monkey’s database had held a stake in Moody’s Corporation (NYSE:MCO). Out of these, the firm’s largest shareholder is Berkshire Hathaway since it owns 24.6 million shares that are worth $8.6 billion.
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Follow Moodys Corp (NYSE:MCO)
3. Markel Group Inc. (NYSE:MKL)
Berkshire Hathaway’s Q2 2023 Investment: $652 million
Latest P/E Ratio: 73.18
Markel Group Inc. (NYSE:MKL) is a global insurance company that provides a wide variety of coverage products. Its second quarter of 2023 earnings per share beat analyst EPS estimates by a wide margin of $3.6 and the stock is rated Strong Buy on average with an upside of roughly $90.
By the end of 2023’s second quarter, 29 of the 910 hedge funds covered by Insider Monkey’s research had owned Markel Group Inc. (NYSE:MKL)’s shares. Mr. Buffett’s investment firm is the company’s largest stakeholder among these since it has made a $652 million investment.
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Follow Markel Group Inc. (NYSE:MKL)
2. Amazon.com, Inc. (NASDAQ:AMZN)
Berkshire Hathaway’s Q2 2023 Investment: $1.3 billion
Latest P/E Ratio: 317.19
Amazon.com, Inc. (NASDAQ:AMZN) is the largest electronic commerce retailer in the world and one of the first firms of its kind. It is another mega cap stock that might benefit from the growing interest in artificial intelligence since its AWS division offers several AI products.
During June 2023, 278 of the 910 hedge funds polled by Insider Monkey had invested in the company. While Berkshire Hathaway holds a $1.3 billion stake, Amazon.com, Inc. (NASDAQ:AMZN)’s biggest hedge fund shareholder is Ken Fisher’s Fisher Asset Management courtesy of it owning 40.6 million shares that are worth $5.3 billion.
Follow Amazon Com Inc (NASDAQ:AMZN)
Follow Amazon Com Inc (NASDAQ:AMZN)
1. StoneCo Ltd. (NASDAQ:STNE)
Berkshire Hathaway’s Q2 2023 Investment: $136 million
Latest P/E Ratio: 1232
StoneCo Ltd. (NASDAQ:STNE) is a software company that enables businesses to set up electronic commerce platforms. A growth in the shift towards e commerce has also helped its earnings per share, as the company has beaten analyst EPS estimates for all four of its latest quarters.
35 of the 910 hedge funds part of Insider Monkey’s Q2 2023 database had held a stake in StoneCo Ltd. (NASDAQ:STNE). Out of these, the firm’s biggest investor is Steve Cohen’s Point72 Asset Management through its $138 million investment.
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Follow Stoneco Ltd. (NASDAQ:STNE)
Disclosure: None. You can also take a look at Bill Gates Stock Portfolio: August 2023 Update and 15 Best Consumer Discretionary Stocks to Buy According to Hedge Funds.
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