GoodHaven Capital Management Thinks Berkshire Hathaway (BRK-B) Shares are Undervalued

Investment management company GoodHaven Capital Management released its second-quarter 2022 investor letter. A copy of the same can be downloaded here. At the end of the first half of the year 2022, the fund outperformed the S&P 500 index declining by 3.86% compared to a fall of 8.85% for the S&P 500 Index. The fund has been performing well over the last 2 semi-annual fiscal years. You can check the top 5 holdings of the fund to know its best picks in 2022.

GoodHaven Capital Management discussed stocks like Berkshire Hathaway Inc. (NYSE:BRK-B) in the second quarter investor letter. Headquartered in Omaha, Nebraska, Berkshire Hathaway Inc. (NYSE:BRK-B) is a holding company that engages in the businesses of insurance, freight rail transportation, and utility businesses. On August 25, 2022, Berkshire Hathaway Inc. (NYSE:BRK-B) stock closed at $298.13 per share. One-month return of Berkshire Hathaway Inc. (NYSE:BRK-B) was -0.82% and its shares gained 4.02% of their value over the last 52 weeks. Berkshire Hathaway Inc. (NYSE:BRK-B)  has a market capitalization of $656.569 billion.

“Berkshire Hathaway Inc. (NYSE:BRK-B) was our next biggest dollar contributor. We are pleased with recent earnings and capital deployment and we feel the shares remain undervalued. Other investors seem to have awoken to the positive things we have been saying about Berkshire over the past few years. We remind you that Berkshire’s Buffett and Munger will unfortunately no longer be running the company one of these days but that we are currently comfortable with the possible ways management succession may evolve.”

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Berkshire Hathaway Inc. (NYSE:BRK-B) is in 14th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 109 hedge fund portfolios held Berkshire Hathaway Inc. (NYSE:BRK-B) at the end of the first quarter which was 104 in the previous quarter.

We discussed Berkshire Hathaway Inc. (NYSE:BRK-B) in another article and shared Diamond Hill Capital’s views about the company. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

Disclosure: None. This article is originally published at Insider Monkey.