5 Best Performing Warren Buffett stocks in 2023

2. Paramount Global (NASDAQ:PARA)

Berkshire Hathaway’s Q4 2022 Stake Value: $1.5 billion

Year to Date Share Price Gain as Of February 17, 2023: 37.26%

Number of Hedge Fund Holders in Q3 2022: 40

Paramount Global (NASDAQ:PARA) is an entertainment company with television channels, movie studios, and other brands in its portfolio. The firm is headquartered in New York, New York.

Paramount Global (NASDAQ:PARA) was another company that suffered throughout the inflation ridden 2022, as the firm saw its advertisement sales for television drop by 6.6% to $5.8 billion. Mr. Buffett is the firm’s largest investor, as his firm owns 93 million shares worth $1.58 billion. Including him, 40 hedge funds out of the 920 covered by Insider Monkey also own Paramount Global (NASDAQ:PARA)’s shares.

Apart from the oracle, John W. Rogers’ Ariel Investments is a large Paramount Global (NASDAQ:PARA) investor through owning 8.4 million shares that are worth $141 million.

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