When Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) owns a stock, it's often worth at least considering for your portfolio. That's because under the direction of chairman and CEO Warren Buffett, Berkshire has become the largest investment holdings company on the planet. Its investment portfolio is currently worth approximately $381 billion.

With a 4.8 million-share stake valued at $534 million, Floor Decor (NYSE: FND) is among the smaller positions in Berkshire Hathaway's portfolio. However, that small position doesn't take away from the fact that the stock could be a great fit within the portfolio of a growth investor. Here are three reasons why.

If it weren't for Berkshire Hathaway's stake in Floor Decor, the company probably wouldn't garner much attention at all from investors. After all, its $12 billion market capitalization pales in comparison to the much higher market values of broader home improvement retailers Home Depot and Lowe's.

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Source Fool.com