Charlie Munger Stock Portfolio: 2 Biggest Positions

1. Bank of America Corporation (NYSE:BAC)

Charlie Munger and Warren Buffett both love Bank of America, with the latter having a $31 billion stake in the bank and the former owning $69.5 million worth of shares of the company as the second quarter of this year came to an end. Bank of America is a strong dividend payer. The company recently declared a $0.22/share dividend. Bank of America recently crushed third quarter Wall Street estimates, thanks to the rising interest rates and global markets revenue. EPS in the quarter came in at $0.81, beating the estimate of $0.78.

Bank of America is one of the most popular stocks among the hedge funds we track. 99 funds in our database reported having stakes in Bank of America as the second quarter of this year came to an end.

Here is what Diamond Hill Capital Management specifically said about Bank of America Corporation (NYSE:BAC) in its Q2 2022 investor letter:

“Bank of America Corporation (NYSE:BAC) shares were weak in Q2 as the market became increasingly focused on the possibility of a near-term recession and the potential for credit losses along with current fee revenue pressures.”

You can also take a look at 10 Healthcare Dividend Stocks with Over 3% Yield and 10 Best Solar Energy Stocks to Buy for 2022.

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