In this piece, we will take a look at the five best performing Warren Buffett stocks in 2023. For more stocks, head on over to 10 Best Performing Warren Buffett stocks in 2023.
5. General Motors Company (NYSE:GM)
Berkshire Hathaway’s Q4 2022 Stake Value: $1.6 billion
Year to Date Share Price Gain as Of February 17, 2023: 26.32%
Number of Hedge Fund Holders in Q3 2022: 75
General Motors Company (NYSE:GM) is one of the biggest car companies in America. The firm makes and sells trucks, cars, spare parts for its vehicles, and other products. It is based in Detroit, Michigan.
General Motors Company (NYSE:GM) won a rather interesting patent in February 2023, through which the firm has shown off a technology that lets touchscreens clean themselves. Warren Buffett’s Berkshire Hathaway owned 50 million shares of the company in Q4 2022, and in the prior quarter, 74 of the 920 hedge funds polled by Insider Monkey had invested in the firm.
General Motors Company (NYSE:GM)’s second largest investor is Natixis Global Asset Management’s Harris Associates which owns 39 million shares that are worth $1.3 billion.
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4. Ally Financial Inc. (NYSE:ALLY)
Berkshire Hathaway’s Q4 2022 Stake Value: $728 million
Year to Date Share Price Gain as Of February 17, 2023: 26.37%
Number of Hedge Fund Holders in Q3 2022:
Ally Financial Inc. (NYSE:ALLY) is a financial services firm that is based in Detroit, Michigan. The company provides loans, leases, insurance, and other financial products.
Ally Financial Inc. (NYSE:ALLY) has a unique approach to retaining employees, as the firm offers every employee that it hires 100 shares at the time of joining. This plan also lets employees receive dividends once the shares have been vested. Insider Monkey’s September quarter of 2022 survey that covered 920 hedge funds revealed that 42 had bought Ally Financial Inc. (NYSE:ALLY)’s shares. By December 2022, Berkshire Hathaway had held a $728 million stake in the company that came via 29.8 million shares.
After Berkshire, Ally Financial Inc. (NYSE:ALLY)’s largest hedge fund investor is Natixis Global Asset Management’s Harris Associates which owns 25.9 million shares that are worth $635 million.
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3. Floor & Decor Holdings, Inc. (NYSE:FND)
Berkshire Hathaway’s Q4 2022 Stake Value: $332 million
Year to Date Share Price Gain as Of February 17, 2023: 30.1%
Number of Hedge Fund Holders in Q3 2022: 32
Floor & Decor Holdings, Inc. (NYSE:FND) is a home improvement retailer that focuses on providing flooring products. These include stone, laminate, wood, and other kinds of products.
Floor & Decor Holdings, Inc. (NYSE:FND) expanded its retail network in February 2023 when it announced a new store in Lafayette, Louisiana. Mr. Buffett’s financial firm owned a $332 million stake in the company during last year’s fourth quarter by holding 4.7 million shares. As Q3 2022 ended, 32 of the 920 hedge fund portfolios studied by Insider Monkey had invested in Floor & Decor Holdings, Inc. (NYSE:FND).
Floor & Decor Holdings, Inc. (NYSE:FND)’s second largest investor is Daniel Sundheim’s D1 Capital Partners which owns 2.9 million shares that are worth $204 million.
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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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Disclosure: None. You can also take a peek at 10 Set-It-and-Forget-It Stocks to Buy According to Financial Media and 10 Hot Healthcare Stocks To Buy Now.
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