Charlie Munger Stock Portfolio: 5 Biggest Positions

3. Berkshire Hathaway Inc. (NYSE:BRK-B)

Number of Hedge Fund Holders: 116   

Charlie Munger is a long-time associate of Warren Buffett, the chief of Berkshire Hathaway Inc. (NYSE:BRK-B). Munger is also the Vice Chairman of the firm. Both investors have pioneered a value investing strategy at the company that has transformed it into one of the most successful conglomerates in the world. The firm is among the top 15 most popular stocks among hedge funds and has a solid business foundation. 

After long tenures at Berkshire Hathaway Inc. (NYSE:BRK-B), Munger and Buffett, both in their nineties now, have slowly given way to new leadership at the firm. Susan Buffett and Christopher Davis were recently named to the board of the company.  

At the end of the second quarter of 2021, 116 hedge funds in the database of Insider Monkey held stakes worth $22 billion in Berkshire Hathaway Inc. (NYSE:BRK-B), up from 111 in the preceding quarter worth $19 billion.

In its Q1 2021 investor letter, Vltava Fund, an asset management firm, highlighted a few stocks and Berkshire Hathaway Inc. (NYSE:BRK-B) was one of them. Here is what the fund said:

“Despite the considerable rise in stock markets over the past year, there are still many attractive opportunities. Human nature also is playing a bit into our hands. Investor crowds often chase popular stocks, hot IPOs, or mysterious SPACs and completely leave aside stocks they consider boring and not sexy enough. A typical example of this category is our long-term largest position in Berkshire Hathaway. Since we bought it for the first time, its price has nearly quadrupled and yet it remains just as undervalued today as it was at that time. Considering the current rate at which it is buying back its own shares and the amount of cash that Berkshire Hathaway has, my greatest wish as a shareholder is for the company’s share price to remain as low as possible for as long as possible.”