5 Best Stocks to Buy According to Ric Dillon’s Diamond Hill Capital

2. Berkshire Hathaway Inc. (NYSE: BRK-B)

Dillon’s Stake Value: $759,545,000
Percentage of Ric Dillon’s 13F Portfolio: 2.88%
Number of Hedge Fund Holders: 115

Berkshire Hathaway Inc. (NYSE: BRK-B) operates in the insurance, freight rail transportation, and utility industries worldwide through its subsidiaries. The company was founded in 1998 and ranks second on the list of 10 best stocks to buy according to Ric Dillon’s Diamond Hill Capital. Berkshire Hathaway Inc. (NYSE: BRK-B) currently has a $655.07 billion market capitalization and was able to deliver a 38.60% return in the past 12 months.

On August 9, UBS analyst Brian Meredith raised the price target on Berkshire Hathaway Inc. (NYSE: BRK-B) to $329 from $319 and kept a “Buy” rating on the shares. On August 8, Berkshire Hathaway Inc. (NYSE: BRK-B) posted earnings for the second quarter of 2021. In addition, it reported second-quarter operating earnings of $6.69 billion, up 21% from $5.51 billion in the same quarter a year ago. 

The hedge fund chaired by Ric Dillon holds more than 2 million shares in Berkshire Hathaway Inc. (NYSE: BRK-B) worth over $759 million. In addition, hedge funds are loading up on Berkshire Hathaway Inc. (NYSE: BRK-B), as Insider Monkey’s data shows that 115 hedge funds held stakes in the company as of the end of the second quarter of 2021, up from 111 funds a quarter earlier.

Black Bear Value Partners, in its second-quarter 2021 investor letter, mentioned Berkshire Hathaway Inc. (NYSE: BRK-B). Here is what the fund said: 

“Please see Q1 letter for our Berkshire on a Napkin investment exercise. We have written on it extensively and will save your eyeballs from extraneous writing.

While Berkshire’s operating businesses saw their profits decline by ~10% in 2020, their long-term positioning at the cross-section of American business remains intact if not stronger.

Berkshire is very cheap for owning such high-quality businesses and will continue to grind higher and compound value for us.”