10 Stocks That Members of Congress Own

8. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 96

Costco Wholesale Corporation (NASDAQ:COST) is a leading membership-based warehouse retailer that operates a chain of wholesale clubs offering a wide range of products at discounted prices. It sells groceries, electronics, household goods, apparel, and fuel, along with private-label products under the Kirkland Signature brand. The company also provides ancillary services, including pharmacy, optical, travel, and financial services, across its global network of warehouses and e-commerce platforms.

Costco Wholesale Corporation (NASDAQ:COST) reported strong Q2 2025 results with net income of $1.788 billion or $4.02 per diluted share, representing an 8.4% growth excluding discrete tax items. Net sales increased by 9.1% to $62.53 billion, with total comparable sales growing 6.8%, or 9.1% adjusted for gas deflation and FX. The company demonstrated robust membership metrics, with paid household members growing 6.8% to 78.4 million and Executive Members increasing 9.1% to 36.9 million, representing 47.1% of paid members and 73.8% of worldwide sales. In merchandising, the non-foods category led with comparable sales in the mid-teens, while fresh foods showed high single-digit growth and food and sundries had low to mid-single-digit comps. E-commerce showed considerable strength with comp sales up 20.9%, or 22.2% adjusted for FX.

Looking ahead, Costco Wholesale Corporation (NASDAQ:COST) plans to open 28 new warehouses in fiscal year 2025, with 3 being relocations for 25 net new buildings. The company faces potential headwinds from foreign exchange fluctuations and tariffs, with approximately one-third of US sales being imported from other countries. Despite these challenges, COST remains focused on delivering value to members through strategic pricing, private label expansion, and digital initiatives, including personalized marketing efforts and retail media development. Besides at least 96 hedge funds owning the stock, COST is also one of the stocks owned by the Congress.