Top 5 Financial Stocks Today

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1. Berkshire Hathaway Inc. (NYSE: BRK-A)

Number of Hedge Fund Holders: 110   

Berkshire Hathaway Inc. (NYSE: BRK-A) is a Nebraska-based holdings company founded in 1839. It is ranked first on our list of top 10 financial stocks today. Although the company has stakes in several large companies, the core business remains dealings in insurance financials. Berkshire stock has returned more than 64% to investors over the past year. The firm is controlled by legendary investors Warren Buffett and Charlie Munger. The share price of the company has jumped close to 12% over the past few weeks as the economy reopens.

On May 3, Berkshire Hathaway Inc. (NYSE: BRK-A) chief Buffett told an American news outlet that energy tycoon Greg Abel would be his successor at the firm. Abel presently leads the non-insurance business dealings of the group. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based Bill & Melinda Gates Foundation Trust is a leading shareholder in the firm with 42.1 million shares worth more than $9.7 billion.

In its Q1 2021 investor letter, Vltava Fund, an investment management firm, highlighted a few stocks and Berkshire Hathaway Inc. (NYSE: BRK-A) was one of them.

“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.”

You can also take a peek at 10 Best Travel Stocks to Buy Right Now, and 10 Best Automotive Stocks to Invest in Now.

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