5 Value Stocks in Warren Buffett’s Latest Portfolio

In this article, we discuss 5 value stocks in Warren Buffett’s latest portfolio. If you want to read our detailed analysis of these stocks, go directly to 10 Value Stocks in Warren Buffett’s Latest Portfolio.

5. The Bank of New York Mellon Corporation (NYSE:BK)

Number of Hedge Fund Holders: 49

PE Ratio: 11.95

The Bank of New York Mellon Corporation (NYSE:BK) provides financial products and services. Hedge funds have been loading up on the stock. At the end of the fourth quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $5.1 billion in The Bank of New York Mellon Corporation (NYSE:BK), compared to 46 in the previous quarter worth $4.6 billion.

Latest filings show that Berkshire Hathaway owned over 72 million shares of The Bank of New York Mellon Corporation (NYSE:BK) at the end of December 2021 worth $4.2 billion, representing 1.26% of the portfolio. The fund registered no new activity around the company during the quarter. 

In its Q3 2020 investor letter, First Eagle Investment Management, an asset management firm, highlighted a few stocks and The Bank of New York Mellon Corporation (NYSE:BK) was one of them. Here is what the fund said:

“The world’s largest custody bank, Bank of New York Mellon has been challenged by the persistently low-rate environment. While custody tends to be a wide-moat business, revenue generation is highly sensitive to net interest margins. Low rates have also hurt Bank of New York’s other primary line of business—investment management—as it has been forced to waive fees on its money market funds to preserve their net asset value.”