Ray Dalio is Buying These 5 Stocks in 2022

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

Number of Hedge Fund Holders: 108

Billionaire Ray Dalio added Berkshire Hathaway Inc. (NYSE:BRK-B) to his Q1 2022 portfolio by acquiring 301,705 shares of the company, worth $106.4 million, representing 0.42% of the total 13F portfolio. Berkshire Hathaway Inc. (NYSE:BRK-B) is engaged in the insurance, freight rail transportation, and utility businesses via its subsidiaries worldwide.

On April 30, Berkshire Hathaway Inc. (NYSE:BRK-B) reported earnings for the first fiscal quarter of 2022. The company posted an EPS of $3.18, beating consensus estimates by $0.31. The $70.81 billion revenue outperformed Street forecasts by $1.66 billion, growing 9.61% year-over-year. 

Keefe Bruyette analyst Meyer Shields maintained a Market Perform rating on Berkshire Hathaway Class A shares and lowered the firm’s price target on the stock to $560,000 from $565,000. According to the analyst, Berkshire’s Q1 operating earnings per share of $4,774 surpassed the Street’s $4,278 estimate, reflecting higher than forecasted non-insurance earnings, offset in part by lower than anticipated insurance underwriting income and higher taxes. The analyst expects the headline beat and Berkshire’s “resumed opportunistic capital deployment” to boost the shares.

Among the hedge funds tracked by Insider Monkey, 108 funds were bullish on Berkshire Hathaway Inc. (NYSE:BRK-B) at the end of the fourth quarter of 2021. In Q1 2022, Bill & Melinda Gates Foundation Trust disclosed a significant position in the company, with 28.6 million shares worth over $10 billion.