In this article we discuss Barry Ritholtz’s and Josh Brown’s top 5 stock picks. If you want to read our detailed analysis of Barry Ritholtz and Josh Brown’s history and hedge fund performance, go directly to Top 10 Stock Picks of Barry Ritholtz and Josh Brown.
5. Berkshire Hathaway Inc. (NYSE: BRK-B)
Barry Ritholtz and Josh Brown’s Stake Value: $3,022,000
Percentage of Barry Ritholtz and Josh Brown’s 13F Portfolio: 0.25%
Number of Hedge Fund Holders: 111
Berkshire Hathaway Inc. (NYSE: BRK-B) is a U.S conglomerate specializing in freight rail transportation, insurance, and utility businesses in the global market.
In its recent financial report, Berkshire Hathaway Inc. (NYSE: BRK-B) reported $7.02 billion in operating earnings for Q1 2021, up from $5.87 billion in Q1 2020.The growth is mainly attributed to an increase in earnings from insurance underwriting. During the quarter, the company spent around $6.6 billion to buy back stock. This is a drop from the $9.0 billion spent in Q4 2020.
Vltava Fund, in their Q1 2021 investor letter, mentioned Warren Buffett’s Berkshire Hathaway Inc. Here is what Vltava Fund has to say in its letter:
“Despite the considerable rise in stock markets over the past year, there are still many attractive opportunities. Human nature also is playing a bit into our hands. Investor crowds often chase popular stocks, hot IPOs, or mysterious SPACs and completely leave aside stocks they consider boring and not sexy enough. A typical example of this category is our long-term largest position in Berkshire Hathaway. Since we bought it for the first time, its price has nearly quadrupled and yet it remains just as undervalued today as it was at that time. Considering the current rate at which it is buying back its own shares and the amount of cash that Berkshire Hathaway has, my greatest wish as a shareholder is for the company’s share price to remain as low as possible for as long as possible.”