5 Long-Term Stocks to Buy According to Warren Buffett

3. General Motors Company (NYSE:GM)

Number of Hedge Fund Holders: 77

Data compiled by Insider Monkey shows that General Motors Company (NYSE:GM) has featured on the Berkshire portfolio since early 2012. The fund most recently reduced holdings in the company by over 10% in the second quarter of 2021. The value of the overall stake has increased from $256 million in 2012 to around $3 billion at the end of September 2021. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Harris Associates is a leading shareholder in General Motors Company (NYSE:GM) with 34 million shares worth more than $1.8 billion. 

Junto Investments, in its Q4 2020 investor letter, mentioned General Motors Company (NYSE:GM). Here is what the fund has to say about General Motors Company in its letter:

“General Motors was the biggest gainer. We managed to buy it at a screamingly cheap price in the middle of March. A lot of interesting news has emerged about GM recently, including the new electric product delivery system BrightDrop and GM Cruise’s team-up with Microsoft Azure to commercialize self-driving cars in 2021. GM’s intrinsic value is crystallizing and the company is worth a whole lot more than is still reflected in the market.”