5 Best Stocks to Buy Today According to Wallace Weitz’s Hedge Fund

2. Berkshire Hathaway Inc. (NYSE:BRK.A)

Weitz Investment Management’s Stake Value: $137.87 million

Percentage of Weitz Investment Management’s 13F portfolio: 5.77%

Total Number of Hedge Fund Holders: 116

In its regulatory filings for the third quarter, Wallace Weitz’s hedge fund Weitz Investment Management reported owning 505,150 shares in Berkshire Hathaway Inc. (NYSE: BRK.A), amounting to a $137.87 million value which represents 5.77% of Weitz’s total holdings.

Berkshire Hathaway Inc. (NYSE: BRK.A) is a multinational conglomerate holding company that operates through its subsidiaries in energy, transportation, utilities, insurance, food and retail. Founded in Omaha, Nebraska in 1837, the company is currently owned and chaired by Warren Buffett, Weitz’s mentor and associate from his early days in the finance industry.

In Q3 2021, Berkshire Hathaway Inc. (NYSE: BRK.A) posted an EPS of $4302.03, missing estimates by $191.31. The company posted $70.58 billion in revenue, surpassing expectations by $163.14 million.

On November 7, research firm Keefe Bruyette kept its ‘Market Perform’ rating on Berkshire Hathaway Inc. (NYSE: BRK.A) stock, setting the price target at $485,000 price target. The rating was provided by firm’s analyst Meyer Shields.

116 hedge funds out of 873 tracked by Insider Monkey held stakes in Berkshire Hathaway Inc. (NYSE: BRK.A) worth $22.38 billion, as of the second quarter of 2021.