Berkshire Hathaway Inc. (NYSE:BRK-B)
Number of Hedge Fund Holders: 117
Berkshire Hathaway Inc. (NYSE:BRK-B), a global conglomerate, operates in insurance, freight rail transportation, and utility sectors. On February 26, Berkshire Hathaway Inc. (NYSE:BRK-B) announced strong Q4 operating earnings growth and the disclosure of a record cash amount on its balance sheet. The company, led by Warren Buffett, reported a 28% increase in Q4 earnings compared to 2023, driven by insurance underwriting and investment income. With $167.6 billion in cash and short-term securities, Berkshire Hathaway is nearing a $1 trillion market capitalization, joining the ranks of major tech giants like Apple, Microsoft, Alphabet, Amazon, and Nvidia.
According to Insider Monkey’s fourth quarter database, 117 hedge funds were long Berkshire Hathaway Inc. (NYSE:BRK-B), compared to 116 funds in the prior quarter. Bill & Melinda Gates Foundation Trust is the largest stakeholder of the company, with approximately 20 million worth $7.10 billion.
Here is what Black Bear Value Fund has to say about Berkshire Hathaway Inc. (NYSE:BRK-B) in its Q3 2022 investor letter:
“Going forward I expect Berkshire to compound at above average returns from this price. BRK is a collection of high-quality businesses, excellent management, and a good amount of optionality in their cash position. If the cash were to be deployed accretively, the true value would be greater than an 8% premium (as mentioned above). The combination of a pie that is growing, an increasing share of said pie due to stock buybacks, upside optionality from cash and a tight range of likely business outcomes that span a variety of economic futures gives me comfort in continuing to own Berkshire.”
https://finance.yahoo.com/news/...s-buy-144523644.html?.tsrc=fin-srch
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