5 Best Future Stocks for the Long-Term

In this piece, we will take a look at the five best future stocks for the long-term. For more stocks, head on over to 13 Best Future Stocks for the Long-Term.

5. Bio-Rad Laboratories, Inc. (NYSE:BIO)

Number of Hedge Fund Investors In Q1 2023: 47

Bio-Rad Laboratories, Inc. (NYSE:BIO) is a medical devices company headquartered in Hercules, California. It was set up in 1952 and makes and sells used to research biopharmaceuticals and food testing. These include developing protein based products and producing medicines.

By the end of 2023’s first quarter, 47 of the 943 hedge funds part of Insider Monkey’s database had bought and owned Bio-Rad Laboratories, Inc. (NYSE:BIO)’s shares. Out of these, the firm’s largest investor is Israel Englander’s Millennium Management with a $219 million investment.

4. Canadian Pacific Kansas City Limited (NYSE:CP)

Number of Hedge Fund Investors In Q1 2023: 48

Canadian Pacific Kansas City Limited (NYSE:CP) is a freight company based in Calgary, Canada. It operates in the U.S. and in Canada and transports a variety of different products such as grain, fertilizers, metals, and more.

Insider Monkey took a look at 943 hedge fund portfolios for their first quarter of 2023 shareholdings to discover that 48 had bought the firm’s shares. Canadian Pacific Kansas City Limited (NYSE:CP)’s largest hedge fund shareholder is Chris Hohn’s TCI Fund Management with a $4.2 billion stake.

3. PDD Holdings Inc. (NASDAQ:PDD)

Number of Hedge Fund Investors In Q1 2023: 62

PDD Holdings Inc. (NASDAQ:PDD) is an Irish company operating out of Dublin, Ireland. It operates a diversified electronic commerce platform that enables merchants to sell a variety of products such as cosmetics, household products, furniture, clothes, and shoes.

62 of the 943 hedge funds part of Insider Monkey’s database had owned a stake in PDD Holdings Inc. (NASDAQ:PDD) during Q1 2023. The firm’s largest investor is Lei Zhang’s Hillhouse Capital Management with a $807 million investment.

2. Sea Limited (NYSE:SE)

Number of Hedge Fund Investors In Q1 2023: 65

Sea Limited (NYSE:SE) is an internet retail company based in Singapore. It enables customers to play mobile and PC games through an online platform. Additionally, its electronic commerce platform also allows users to buy products online as well as conduct transactions online.

Insider Monkey took a look at 943 hedge funds for their first quarter of 2023 shareholdings and discovered that 65 had invested in the firm. Out of these, the firm’s largest shareholder is Jay Chen’s Himension Capital since it owns 4.6 million shares that are worth $406 million.

1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Investors In Q1 2023: 128

Alibaba Group Holding Limited (NYSE:BABA) is one of the largest technology companies in the world. Known primarily for its electronic commerce platform, it also has a cloud computing division and other technology platforms.

As of March 2023, 128 of the 943 hedge funds surveyed by Insider Monkey had invested in Alibaba Group Holding Limited (NYSE:BABA). Its largest hedge fund investor is Panayotis Takis Sparaggis’s Alkeon Capital Management with a $471 million investment.

Disclosure: None. You can also take a look at 16 Best Investment Apps for Beginners and 12 Biggest Health Insurance Companies in the World.

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