5 Best Canadian Stocks to Buy and Hold

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In this article, we discuss the 5 best Canadian stocks to buy and hold. If you want to see more stocks in this selection, go directly to 12 Best Canadian Stocks to Buy and Hold.

5. Brookfield Asset Management Inc. (NYSE:BAM)

Number of Hedge Fund Holders: 39

Brookfield Asset Management Inc. (NYSE:BAM) is a Canadian investment management company. In November, Brookfield Asset Management Inc. (NYSE:BAM) announced that it has purchased NIKE, Inc. (NYSE:NKE) supplier Trimco Group, a Hong Kong-based manufacturer of garment labels, in a deal worth up to $900 million.

In the third fiscal quarter, Brookfield Asset Management Inc. (NYSE:BAM) reported revenue of $23.4 billion, up 21.7% compared to the revenue over the same period last year. 

The number of hedge funds tracked by Insider Monkey owning stakes in Brookfield Asset Management Inc. (NYSE:BAM) grew to 39 in Q3 2022, from 34 in the previous quarter. The collective value of these stakes is nearly $2 billion. It is one of the top Canadian stocks to buy and hold according to elite hedge funds.

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