Warren Buffett’s Top 5 Stock Picks

2. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 84

Bank of America is the second-biggest stake of Berkshire Hathaway as of the fourth quarter of 2021. Warren Buffett first bought over 690 million shares of the bank in the third quarter of 2017. The billionaire has since added to his stake, ending 2021 with over 1 billion shares of the company. The total worth of these shares at that time was about $45 billion. Bank of America is a dividend-paying company and has become a favorite of hedge funds, especially when the Fed is expected to hike rates. The stock features on our list of dividend stock picks of Bill Miller’s hedge fund.

Bank of America saw a huge rise in positive hedge fund sentiment in the fourth quarter. 84 funds in our database had stakes in the company at the end of the quarter, as compared to 72 funds in the third quarter.