5 Beaten Down Stocks Billionaires Are Loading Up On

In this piece, we will take a look at five beaten down stocks billionaires are loading up on. If you want to take a look at what the future might hold for the economy and the stock market, then head on over to 10 Beaten Down Stocks Billionaires Are Loading Up On.

5. The Cigna Group (NYSE:CI)

Number of Billionaire Investors In Q1 2023: 18

The Cigna Group (NYSE:CI) is a healthcare company headquartered in Bloomfield, Connecticut. The firm provides healthcare plans and products for customers that already have a plan or are insured.

After digging through 943 hedge funds for their first quarter of 2023 shareholdings, Insider Monkey discovered that 79 had bought The Cigna Group (NYSE:CI)’s shares. Out of these, the firm’s largest shareholder is Ken Griffin’s Citadel Investment Group with a $520 million investment.

4. PayPal Holdings, Inc. (NASDAQ:PYPL)

Number of Billionaire Investors In Q1 2023: 19

PayPal Holdings, Inc. (NASDAQ:PYPL) is a payments platform provider. It enables users to make payments online and merchants to accept them, providing a global network. The firm was set up in 1998 and is headquartered in San Jose, California.

Insider Monkey’s first quarter of 2023 survey of 943 hedge funds revealed that 103 had held a stake in the firm. Ken Griffin’s Citadel Investment Group is PayPal Holdings, Inc. (NASDAQ:PYPL)’s largest hedge fund investor in our database since it owns 14 million shares that are worth $1 billion.

3. Elevance Health, Inc. (NYSE:ELV)

Number of Billionaire Investors In Q1 2023: 19

Elevance Health, Inc. (NYSE:ELV) is another healthcare plans provider. The company provides a variety of services that cover several medical areas such as pharmaceutical, clinical, and behavioral care.

81 of the 943 hedge funds profiled by Insider Monkey had bought Elevance Health, Inc. (NYSE:ELV)’s shares as of March 2023. Out of these, the bank’s largest shareholder is Andreas Halvorsen’s Viking Global since it owns 2.1 million shares that are worth $990 million.

2. Danaher Corporation (NYSE:DHR)

Number of Billionaire Investors In Q1 2023: 20

Danaher Corporation (NYSE:DHR) is a healthcare company set up in 1969 and operating out of Washington, D.C. The firm makes and sells a wide variety of products for different use cases. These include spectrometers for drug research and chemical products for laboratories and hospitals.

Insider Monkey dug through 943 hedge funds for their Q1 2023 investments and found out that 90 had held a stake in the firm. Danaher Corporation (NYSE:DHR)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management with a $1 billion investment that comes through owning four million shares.

1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Billionaire Investors In Q1 2023: 25

UnitedHealth Group Incorporated (NYSE:UNH) is one of the biggest healthcare companies in America. It provides health benefit plans and is headquartered in Minnetonka, Minnesota.

As of March 2023, 116 of the 943 hedge funds polled by Insider Monkey had bought UnitedHealth Group Incorporated (NYSE:UNH)’s shares. Out of these, Rajiv Jain’s GQG Partners is the largest investor with a $2.2 billion stake that comes courtesy of 4.8 million shares.

Disclosure: None. You can also take a look at 10 Technology Dividend Stocks Billionaires Are Loading Up On and 12 Most Litigious Companies in America.

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