In this piece, we will take a look at five A-rated stocks billionaires are loading up on. For more stocks, head on over to 10 A-Rated Stocks Billionaires Are Loading Up On.
5. Mastercard Incorporated (NYSE:MA)
Number of Billionaire Investors As of Q1 2023: 20
Mastercard Incorporated (NYSE:MA) is a financial services firm. It provides credit and debit cards as well as data analytics, settlements, payment deferrals, and other services. The company operates out of Purchase, New York and was set up in 1966.
138 of the 943 hedge funds part of Insider Monkey’s database had bought Mastercard Incorporated (NYSE:MA)’s shares in Q1 2023. Out of these, Charles Akre’s Akre Capital Management is the largest shareholder since it owns 5.8 million shares that are worth $2.1 billion.
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4. Walmart Inc. (NYSE:WMT)
Number of Billionaire Investors As of Q1 2023: 20
Walmart Inc. (NYSE:WMT) is the largest physical retailer in the world. It has thousands of stores in several countries and employs more than two million people. Walmart Inc. (NYSE:WMT) operates a variety of different establishments such as supercenters, grocery stores, supermarkets, and others. The firm is headquartered in Bentonville, Arkansas.
91 of the 943 hedge funds profiled by Insider Monkey for their March quarter of 2023 shareholdings had bought the retailer’s shares. Out of these, Walmart Inc. (NYSE:WMT)’s largest investor is Ken Fisher’s Fisher Asset Management with a $1.2 billion stake.
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3. Alphabet Inc. (NASDAQ:GOOG)
Number of Billionaire Investors As of Q1 2023: 20
Alphabet Inc. (NASDAQ:GOOG) is another technology behemoth. The firm’s primary product is its search engine Google, which sorts through billions of queries each day. Apart from Google, Alphabet Inc. (NASDAQ:GOOG) also operates video streaming and productivity platforms along with selling electronics including smartphones, ultra thin notebooks, and speakers.
By the end of Q1 2023, 155 of the 943 hedge funds part of Insider Monkey’s database had held a stake in the firm. Alphabet Inc. (NASDAQ:GOOG)’s largest shareholder is Ken Fisher’s Fisher Asset Management with a $4.3 billion investment.
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2. Visa Inc. (NYSE:V)
Number of Billionaire Investors As of Q1 2023: 24
Visa Inc. (NYSE:V) is a payments platform provider. It lets retailers and consumers make digital payments, provides fraud protections, and has an analytics platform for corporate customers. The company is headquartered in San Francisco, California.
173 of the 943 hedge funds polled by Insider Monkey had bought Visa Inc. (NYSE:V)’s shares as of March 2023. Out of these, the biggest stakeholder is Chris Hohn’s TCI Fund Management since it has a $4.3 billion stake.
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1. Microsoft Corporation (NASDAQ:MSFT)
Number of Billionaire Investors As of Q1 2023: 33
Microsoft Corporation (NASDAQ:MSFT) is another technology giant. Sitting at the heart of the personal computing industry, its operating systems power most of the world’s computers. Alongside its Windows operating system, Microsoft is also a key player in the cloud computing market through its Azure business division.
289 of the 943 hedge funds profiled by Insider Monkey had held a stake in Microsoft Corporation (NASDAQ:MSFT) during March 2023. Out of these, Michael Larson’s Bill & Melinda Gates Foundation Trust is the biggest investor since it has a $11.3 billion stake.
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Disclosure: None. You can also take a look at Analysts are Upgrading These 10 Stocks and 12 Cheap Dividend Stocks With High Yields.