5 A-Rated Stocks Billionaires Are Loading Up On

In this piece, we will take a look at the five A-Rated stocks billionaires are loading up on. For more about the current stock market climate, you can check out 10 A-Rated Stocks Billionaires Are Loading Up On.

5. Mastercard Incorporated (NYSE:MA)

Number of Billionaire Investors In Q3 2023: 23

Mastercard Incorporated (NYSE:MA) is a financial products provider known for its payment platform. The shares are rated Strong Buy on average and analysts have set an average share price target of $447.

Insider Monkey’s Q3 2023 survey of 910 hedge funds revealed that 140 were Mastercard Incorporated (NYSE:MA)’s shareholders. Charles Akre’s Akre Capital Management was the firm’s biggest investor since it owned $2.3 billion worth of shares.

4. Visa Inc. (NYSE:V)

Number of Billionaire Investors In Q3 2023: 23

Visa Inc. (NYSE:V) is a financial technology company that offers plastic cards and checkout machines along with other products and services. Analysts are quite bullish on the stock, as they have rated the shares as Strong Buy on average and set an average share price target of $279.

Insider Monkey took a look at 910 hedge fund portfolios for their shareholdings during 2023’s third quarter to find that 167 had bought Visa Inc. (NYSE:V)’s shares. Chris Hohn’s TCI Fund Management owned the largest stake among these which was worth $3.8 billion.

3. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Billionaire Investors In Q3 2023: 33

Amazon.com, Inc. (NASDAQ:AMZN) is an American eCommerce retailer that is also a key player in the global cloud computing market. The firm is currently suing a global group of individuals that Amazon alleges conspired illegally to obtain refunds from its platform.

As of September 2023 end, 286 out of the 910 hedge funds part of Insider Monkey’s database were the firm’s investors. Amazon.com, Inc. (NASDAQ:AMZN)’s biggest hedge fund investor is Ken Fisher’s Fisher Asset Management due to its $5.2 billion investment.

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Billionaire Investors In Q3 2023: 34

Alphabet Inc. (NASDAQ:GOOGL) is a technology mega cap with lucrative software businesses. The firm is currently right at the top of the global A.I. food chain due to its Generalist Language Model (GLoM) which is right alongside OpenAI’s GPT-4 when it comes to training parameters.

During this year’s September quarter, 221 out of the 910 hedge funds polled by Insider Monkey had bought Alphabet Inc. (NASDAQ:GOOGL)’s shares. Ken Fisher’s Fisher Asset Management was the largest shareholder through its $5.7 billion stake.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Billionaire Investors In Q3 2023: 34

Microsoft Corporation (NASDAQ:MSFT) is an American software and cloud computing company. Its partnership with OpenAI created a fresh bout of controversy in December 2023 when media reports claimed that the FTC was interested in the nature of Microsoft Corporation (NASDAQ:MSFT)’s OpenAI investment.

As of Q3 2023 end, 306 out of the 910 hedge funds part of Insider Monkey’s database had invested in the company. Microsoft Corporation (NASDAQ:MSFT)’s biggest investor among these is Michael Larson’s Bill & Melinda Gates Foundation Trust since it owns $12.4 billion worth of shares.

Disclosure: None. You can also take a look at 12 Best Healthcare Stocks For the Long-Term and 25 Most Valuable European Companies Heading into 2024.

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