5 Best Mario Gabelli Stocks Other Billionaires Are Also Piling Into

In this piece, we will take a look at the five best Mario Gabelli stocks that other billionaires can’t get enough of. If you want a deeper dive into Mr. Gabelli’s history and his hedge fund, then check out 10 Best Mario Gabelli Stocks Other Billionaires Are Also Piling Into.

5. Mondelez International, Inc. (NASDAQ:MDLZ)

Number of Billionaire Investors In Q3 2023: 14

Mondelez International, Inc. (NASDAQ:MDLZ) is an American confectionery company known for its well known snacks such as Oreo, Cadbury Dairy Milk, and Toblerone. The firm has beaten analyst EPS estimates in all four of its latest quarters and the shares are rated Strong Buy on average with an average share price target of $80.45.

For their Q3 2023 shareholdings, 51 out of the 910 hedge funds surveyed by Insider Monkey had bought and owned Mondelez International, Inc. (NASDAQ:MDLZ)’s shares. Brandon Haley’s Holocene Advisors was the largest shareholder due to its $278 million investment.

4. Deere & Company (NYSE:DE)

Number of Billionaire Investors In Q3 2023: 14

Deere & Company (NYSE:DE) is one of the world’s biggest industrial machinery firms known for its tractors, crawlers, and other products. More than three quarters of its stock is owned by institutional investors, indicating a strong foundation but also implying low liquidity.

During September 2023, 55 out of the 910 hedge funds profiled by Insider Monkey were the firm’s shareholders. Deere & Company (NYSE:DE)’s biggest hedge fund investor is Michael Larson’s Bill & Melinda Gates Foundation Trust as it owns $1.4 billion worth of shares.

3. American Express Company (NYSE:AXP)

Number of Billionaire Investors In Q3 2023: 15

American Express Company (NYSE:AXP) is an iconic American travel services and financial products provider. Amidst speculation in the market that it might be Apple’s next company of choice for the Apple Card, the firm’s CEO wasn’t too excited about the prospect at a financial conference in December 2023.

As 2023’s third quarter ended, out of the 910 hedge funds part of Insider Monkey’s database, 74 were American Express Company (NYSE:AXP) investors. Warren Buffett’s Berkshire Hathaway was the largest shareholder due to its $22.6 billion investment.

2. Honeywell International Inc. (NASDAQ:HON)

Number of Billionaire Investors In Q3 2023: 16

Honeywell International Inc. (NASDAQ:HON) is an engineering technology company that provides a wide variety of advanced products such as engine controls, radars, and bullet resistant armor. The firm is currently busy diversifying its business, and it plans to buy a security business for a $4.9 billion price tag for this purpose.

During 2023’s September quarter, 60 out of the 910 hedge funds surveyed by Insider Monkey had invested in the company. Honeywell International Inc. (NASDAQ:HON)’s biggest hedge fund investor is Phill Gross and Robert Atchinson’s Adage Capital Management as it owns 1.8 million shares that are worth $346 million.

1. Lands’ End, Inc. (NASDAQ:LE)

Number of Billionaire Investors In Q3 2023: 20

Lands’ End, Inc. (NASDAQ:LE) is a small clothing company headquartered in Dodgeville, Wisconsin. The firm has beaten analyst EPS estimates in three out of its four latest quarters and the shares are rated as Buy on average with an average share price target of $139.22.

Insider Monkey scoured 910 hedge fund portfolios for their Q3 2023 shareholdings to find that 12 were Lands’ End, Inc. (NASDAQ:LE) shareholders. Mario Gabelli’s GAMCO Investors owned the largest stake among these which was worth $2.1 million.

Disclosure: None. You can also take a look at 12 Healthcare Stocks Billionaires Like the Most and 12 Dow Stocks Billionaires Like The Most.

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