5 Value Stocks in Warren Buffett’s Latest Portfolio

2. U.S. Bancorp (NYSE:USB)

Number of Hedge Fund Holders: 46 

PE Ratio: 10.31

U.S. Bancorp (NYSE:USB) is a financial services holding firm. The hedge fund sentiment around the stock is overwhelmingly positive. At the end of the fourth quarter of 2021, 46 hedge funds in the database of Insider Monkey held stakes worth $7.9 billion in U.S. Bancorp (NYSE:USB), up from 42 the preceding quarter worth $8.3 billion.

According to the latest data, Berkshire Hathaway owned more than 126 million shares of U.S. Bancorp (NYSE:USB) at the end of December 2021 worth $7.1 billion, representing 2.14% of the portfolio. The fund registered no new activity around the stock during the fourth quarter. 

In its Q4 2020 investor letter, Mairs & Power, an asset management firm, highlighted a few stocks and U.S. Bancorp (NYSE:USB) was one of them. Here is what the fund said:

“On the negative side, one of the Fund’s biggest detractor in 2020 was U.S. Bancorp (USB). Like all banks, U.S. Bank was hurt by the difficult interest rate environment and credit cycle concerns. We believe banks are strong enough to survive the current sector doldrums, and they remain some of the market’s most attractive opportunities.”