5 Best Defensive Stocks To Buy Now

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 138

Mastercard Incorporated (NYSE:MA) is a notable stock in Invesco’s Defensive ETF. As of the end of the first quarter of 2023, 138 hedge funds out of the 943 funds tracked by Insider Monkey had stakes in Mastercard Incorporated (NYSE:MA). The biggest stakeholder of Mastercard Incorporated (NYSE:MA) during this period was Charles Akre’s Akre Capital Management which owns a $2.13 billion stake in the company.

Mastercard Incorporated (NYSE:MA) posted strong Q2 results in July, driven by a huge growth in travel demand around the world.