The London Company, an investment management company, released “The London Company Large Cap Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During 1Q, U.S. stocks made significant gains due to steady economic growth, decreasing inflation, and a slightly weaker labor market, increasing the likelihood of a soft landing. The fund gained 8.3% (8.2%, net) during the quarter compared to a 10.3% rise in the Russell 1000 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
The London Company Large Cap Strategy featured stocks like Berkshire Hathaway Inc. (NYSE:BRK-B) in the Q1 2024 investor letter. Headquartered in Omaha, Nebraska, Berkshire Hathaway Inc. (NYSE:BRK-B) engages in insurance, freight rail transportation, and utility businesses. On May 2, 2024, Berkshire Hathaway Inc. (NYSE:BRK-B) stock closed at $400.60 per share. One-month return of Berkshire Hathaway Inc. (NYSE:BRK-B) was -4.30%, and its shares gained 23.69% of their value over the last 52 weeks. Berkshire Hathaway Inc. (NYSE:BRK-B) has a market capitalization of $867.007 billion.
The London Company Large Cap Strategy stated the following regarding Berkshire Hathaway Inc. (NYSE:BRK-B) in its first quarter 2024 investor letter:
“Berkshire Hathaway Inc. (NYSE:BRK-B) – Insurance was once again a bright spot in Berkshire Hathaway’s (BRK.B) 4Q earnings; GEICO showed meaningful margin improvement. The company once again sold some securities in the quarter, resulting in near all-time highs in the balance of cash & short- term investments. Overall, we continue to appreciate BRK.B for their financial strength, investment acumen, and disciplined management.”
A financial adviser in a suit talking with a senior client about their life insurance policy.
Berkshire Hathaway Inc. (NYSE:BRK-B) is in 12th position on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, Berkshire Hathaway Inc. (NYSE:BRK-B) was held by 117 hedge fund portfolios, compared to 116 in the previous quarter, according to our database.
We previously discussed Berkshire Hathaway Inc. (NYSE:BRK-B) in another article, where we shared the list of best magic formula stocks to buy. In addition, please check out our hedge fund investor letters Q1 2024 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
- 20 Beautiful Places in the World Ruined by Overtourism
- 12 Best Alternatives to Adidas Samba
- 12 Most Unfriendly Cities in Canada
Disclosure: None. This article is originally published at Insider Monkey.