Warren Buffett and Hedge Funds Love These 5 Stocks

This article presents an overview of the Warren Buffett and Hedge Funds Love These 5 Stocks. For a detailed overview of such stocks, read our article, Warren Buffett and Hedge Funds Love These 11 Stocks.

5. Bank of America Corp (NYSE:BAC)

Number of Hedge Funds: 88

Warren Buffett owns a $28.3 billion stake in Bank of America Corp (NYSE:BAC) as of the end of the third quarter of 2023. Overall, 88 hedge funds tracked by Insider Monkey had stakes in Bank of America Corp (NYSE:BAC).

Diamond Hill Select Strategy made the following comment about Bank of America Corporation (NYSE:BAC) in its Q2 2023 investor letter:

“Other bottom contributors included SunOpta, Bank of America Corporation (NYSE:BAC) and Texas Instruments. Bank of America (which we added to the portfolio in Q2) is among the US’s largest banks. Shares were pressured during the quarter against a still-challenging backdrop for banks, particularly as investors fret about rising deposit costs and the values of some longer-duration assets in a rising-rates environment.”