Warren Buffett and Corporate Insiders Love These Stocks: Top 5 Stocks

In this piece, we will take a look at the top five stocks that both Warren Buffett and insiders love. If you want to learn more about what the Oracle of Omaha’s been up to lately, then read Warren Buffett and Corporate Insiders Love These Stocks.

5. Bank of America Corporation (NYSE:BAC)

Berkshire Hathaway’s Q3 2023 Investment Value: $28.2 billion

Insider Purchases: $656,250

Average Share Price: $26.25

Bank of America Corporation (NYSE:BAC) is an American bank that is one of the largest of its kind within the States. Its director Thomas D. Woods bought 25,00 shares with an average share price of $26.25 in November 2023, making it one of the freshest purchases on our list.

During Q2 2023, 90 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Bank of America Corporation (NYSE:BAC). The firm’s biggest shareholder in Q3 was Warren Buffett’s Berkshire Hathaway as it owned $28.2 billion worth of shares.

4. Charter Communications, Inc. (NASDAQ:CHTR)

Berkshire Hathaway’s Q3 2023 Investment Value: $1.6 billion

Insider Purchases: $960.874

Average Share Price: $384.35

Charter Communications, Inc. (NASDAQ:CHTR) is an American telecommunications products and services provider that provides cable, internet, and other services. The firm is currently facing a bit of trouble over at the SEC as it has agreed to pay a $25 million fine for stock buyback violations.

During 2023’s June quarter, 67 among the 910 hedge funds tracked by Insider Monkey had invested in the company. Charter Communications, Inc. (NASDAQ:CHTR)’s largest investor in the September quarter was Natixis Global Asset Management’s Harris Associates due to its $2.2 billion investment.

3. Liberty Latin America Ltd. (NASDAQ:LILA)

Berkshire Hathaway’s Q3 2023 Investment Value: $21.4 million

Insider Purchases: $1.3 million

Average Share Price: $7.58

Liberty Latin America Ltd. (NASDAQ:LILA) is a telecommunications company that provides internet, cable, and other services. Three insiders bought its shares between December 2022 and March 2023 for a stake that is worth $1.3 million and that came at an average share price of $7.58.

Insider Monkey scoured through 910 hedge fund portfolios for their second quarter of 2023 investments and found that 12 had bought and owned Liberty Latin America Ltd. (NASDAQ:LILA)’s shares. William Crowley, William Harker, and Stephen Blass’s Ashe Capital owned the biggest stake in Q3 which was worth $86.7 million.

2. Markel Group Inc. (NYSE:MKL)

Berkshire Hathaway’s Q3 2023 Investment Value: $233 million

Insider Purchases: $1.5 million

Average Share Price: $1,356

Markel Group Inc. (NYSE:MKL) belongs to one of Warren Buffett’s favorite sectors, the insurance industry. However, the third quarter wasn’t fortunate for the company as the Oracle of Omaha reduced his holdings by 67%. Insiders have been prolific Markel Group Inc. (NYSE:MKL) buyers, and several of its directors have bought a cumulative $1.5 million of stock over the past twelve months.

As of June 2023 end, 29 out of the 910 hedge funds polled by Insider Monkey had invested in the company. Markel Group Inc. (NYSE:MKL)’s largest shareholder in our database during the September quarter was Warren Buffett’s Berkshire Hathaway as it owned 158,715 shares that were worth $233 million.

1. The Liberty SiriusXM Group (NASDAQ:LSXMA)

Berkshire Hathaway’s Q3 2023 Investment Value: $1.1 billion

Insider Purchases: $6.3 million

Average Share Price: $33.63

The Liberty SiriusXM Group (NASDAQ:LSXMA) is an American entertainment content provider. The stock is rated Strong Buy on average and analysts have set an average share price target of $36.21.

43 out of the 910 hedge funds polled by Insider Monkey were the firm’s shareholders in Q2 2023. In Q3, the biggest investor was Warren Buffett’s Berkshire Hathaway as it owned $1.1 billion worth of shares.

Disclosure: None. You can also take a look at 13 Stocks That Outperform the S&P 500 Every Year for the Last 5 Years and Abrams Capital 13F: 10 Best Stocks To Buy Picked By Billionaire David Abrams.

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