5 Best Bill Gates Stocks Other Billionaires Are Also Piling Into

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

Number of Billionaire Investors In Q3 2023: 33

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce retailer and a firm that holds a commanding position in the cloud computing market as well. Despite its heft and tough financial conditions, the firm has done well on the financial front as it has beaten analyst EPS estimates in all four of its latest quarters and analysts have rated the shares as Strong Buy on average.

For their September quarter of 2023 shareholdings, 286 out of the 910 hedge funds profiled by Insider Monkey had bought the firm’s shares. Amazon.com, Inc. (NASDAQ:AMZN)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management due to its $5.2 billion stake.

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