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Warren Buffett and Insiders Love These Stocks: Top 5 Stocks

In this piece, we will take a look at the top five stocks that are loved by both Warren Buffett and insiders. If you want to take a look at the famed investor’s latest investments, click on Warren Buffett and Insiders Love These Stocks.

5. DaVita Inc. (NYSE:DVA)

Berkshire Hathaway’s Q2 2023 Investment: $3.6 billion

DaVita Inc. (NYSE:DVA) is a dialysis provider headquartered in Denver, Colorado. Not only did the firm beat analyst EPS estimates for its second quarter, but it also raised its earnings guidance for the full year. However, the shares are still rated Hold on average, and the average share price target is $114. The firm’s chief operating officer Michael D. Staffieri bought 20,000 shares worth $1.5 million at an average price of $77.70 in June 2023.

Warren Buffett’s Berkshire Hathaway owned 36 million DaVita Inc. (NYSE:DVA) shares for a $3.6 billion stake as of Q2 2023. Along with the firm, 30 out of the 910 hedge funds part of Insider Monkey’s database have also invested in the company, with Berkshire being the largest shareholder as well.

Follow Davita Inc. (NYSE:DVA)

4. HP Inc. (NYSE:HPQ)

Berkshire Hathaway’s Q2 2023 Investment: $3.7 billion

HP Inc. (NYSE:HPQ) is an iconic American firm that has played a central role in kick starting the computing revolution. The firm is currently facing a class action lawsuit that accuses it of shutting down the scanners on its printers if they run out of ink. Berkshire Hathaway is one of the biggest insider buyers of HP Inc. (NYSE:HPQ)’s stock, having bought roughly $400 million of shares in April 2022 for an average price of $35.77.

The financial firm’s $3.7 billion stake in HP Inc. (NYSE:HPQ) also makes it the largest investor as of this year’s second quarter. Cumulatively, 46 out of the 910 hedge funds polled by Insider Monkey had also held a stake in the company during the same time period.

Follow Hp Inc (NYSE:HPQ)

3. Occidental Petroleum Corporation (NYSE:OXY)

Berkshire Hathaway’s Q2 2023 Investment: $13.1 billion

Occidental Petroleum Corporation (NYSE:OXY) is an oil and gas exploration and production company with a global operations base. The firm wooed environmentalists in August when it bought a carbon capture technology developer for a $1.1 billion price tag.

By sifting through 910 hedge funds for their June quarter of 2023 investments, Insider Monkey determined that 73 had bought and invested in the company’s stock. Occidental Petroleum Corporation (NYSE:OXY)’s biggest hedge fund shareholder among these was Berkshire Hathaway courtesy of its $13.1 billion stake. While Berkshire purchased hundredsd of millions of dollars of stock in March 2022, the company’s president Ms. Vicki Hollub also bought 14,191 shares for an average price of $56.24 during the same time period.

Follow Occidental Petroleum Corp (NYSE:OXY)

2. The Coca-Cola Company (NYSE:KO)

Berkshire Hathaway’s Q2 2023 Investment: $24 billion

The Coca-Cola Company (NYSE:KO) is one of Warren Buffett’s oldest investments and he is famous for having said on record that he will never sell the company’s shares. Berkshire Hathaway is naturally the company’s largest investor since it owns a whopping 400 million shares that are worth $24 billion.

Including Berkshire, 61 out of the 910 hedge funds part of Insider Monkey’s second quarter of 2023 survey had invested in The Coca-Cola Company (NYSE:KO). Director Herbert Allen bought $1.9 million worth in shares for an average price of $60.18 in October 2022.

Follow Coca Cola Co (NYSE:KO)

1. American Express Company (NYSE:AXP)

Berkshire Hathaway’s Q2 2023 Investment: $24 billion

American Express Company (NYSE:AXP) is another age old Warren Buffett investment. He also has a storied past with the company, since the Oracle of Omaha profited massively from its shares after they fell in the 1960s after a scandal cost the firm $180 million in losses. American Express Company (NYSE:AXP)’s director Walter. Joseph Clayton purchased 1,000 shares for an average price of $149.27 in November 2022.

During Q2 2023, 73 out of the 910 hedge funds part of Insider Monkey’s database had bought American Express Company (NYSE:AXP)’s shares. Needless to say, Mr. Buffett’s Berkshire Hathaway is the company’s largest shareholder, through its massive $24 billion investment.

Follow American Express Co (NYSE:AXP)

Disclosure: None.  You can also take a look at 10 Stocks That Will Change the Future and 15 Worst Performing Healthcare Stocks in 2023.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

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