This article presents an overview of the 5 Best Reddit Stocks According to Billionaires. For a detailed overview of such stocks, read our article, 12 Best Reddit Stocks According to Billionaires.
5. Apple Inc (NASDAQ:AAPL)
Number of Billionaire Investors: 19
Apple Inc (NASDAQ:AAPL) ranks 5th in our list of the best Reddit stocks loved by billionaires. Earlier this month, the Wall Street Journal reported that Apple Inc (NASDAQ:AAPL) and its suppliers are planning to produce 50 million to 60 million iPhones in India per year over the next 2-3 years.
Out of the 910 hedge funds tracked by Insider Monkey, 134 hedge funds had stakes in Apple Inc (NASDAQ:AAPL). A total of 19 billionaires reported having stakes in Apple Inc (NASDAQ:AAPL) as of the end of the third quarter.
Hayden Capital made the following comment about Apple Inc. (NASDAQ:AAPL) in its third 2023 investor letter:
“Even Berkshire Hathaway’s most famous investment of the last decade – Apple Inc. (NASDAQ:AAPL) – was based on a similar set up. When Berkshire invested in 2016, Apple’s subscription revenues were just starting to cross ~10% of total revenues. Today, that figure is ~25%.
While operating income has grown +90% from 2016 to 2023, the valuation multiple itself has expanded by ~300%, from ~6x EV/EBIT to ~24x EV/EBIT today.
Investors have evolved their perception of Apple’s products – from that of a “fad” hardware company at risk of competition, to that of a “consumer staple”, a necessary part of a household’s budget…” (Click here to read the full text)
4. NVIDIA Corporation (NASDAQ:NVDA)
Number of Billionaire Investors: 29
NVIDIA Corporation (NASDAQ:NVDA) is gaining popularity across the board as it continues to see and expect huge demand for its AI chips.
A total of 29 billionaires in Insider Monkey’s database had stakes in NVIDIA Corporation (NASDAQ:NVDA). Some famous billionaires with stakes in NVIDIA Corporation (NASDAQ:NVDA) are Rajiv Jain, Ken Fisher, Ken Griffin and Steve Cohen.
Here is what White Brook Capital has to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q3 2023 investor letter:
“The magnificent seven, that underpin the S&P 500 performance, which includes NVIDIA Corporation (NASDAQ:NVDA), now comprise almost 30% of the market capitalization of the S&P500. At least three of the seven stocks have heightened downside risk and suffer from already high penetration, weakening end markets, competitive risk, and lofty valuation. They have been remarkably resilient to increased interest rates and the potential for slowing growth. Small and midcap stocks, on the other hand, have been systemically penalized by fears of recession and continue to price that eventuality even as significantly better outcomes have become more probable. Today, it’s relatively easy to find attractive investments in this segment.”
3. Meta Platforms Inc (NASDAQ:META)
Number of Billionaire Investors: 32
Among the list of billionaires having stakes in Meta Platforms Inc (NASDAQ:META), Rajiv Jain, who has a net worth of $3.2 billion, takes the lead as his hedge fund GQG Partners owns a $3.3 billion stake in Meta Platforms Inc (NASDAQ:META).
Here is what Claret Asset Management has to say about Meta Platforms, Inc. (NASDAQ:META) in its Q3 2023 investor letter:
“We have mentioned in the last letter that the “magnificent seven”, including Meta Platforms Inc.,dominated the performance of the S&P 500. We might have left you with the feeling that we are bearish because we don’t find the Magnificent 7 attractive. Let us make it clear: we are just not so pessimistic as to believe there are only 7 growth opportunities in the entire global equity market. In fact, we are optimists and think opportunity is abundant. Just not in everyone’s current 7 favorite stocks.”
2. Amazon.com Inc (NASDAQ:AMZN)
Number of Billionaire Investors: 33
Amazon.com Inc (NASDAQ:AMZN) was a key part of the Magnificent Seven group that gained in 2023. Analysts believe Amazon has more room to run as Amazon.com Inc (NASDAQ:AMZN) would see huge demand of its AI products and features offered under the AWS umbrella. Amazon.com Inc (NASDAQ:AMZN) is also among the stocks loved by Jim Cramer.
Here is what White Brook Capital has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2023 investor letter:
“The magnificent seven, that underpin the S&P 500 performance, which includes Amazon.com, Inc. (NASDAQ:AMZN), now comprise almost 30% of the market capitalization of the S&P500. At least three of the seven stocks have heightened downside risk and suffer from already high penetration, weakening end markets, competitive risk, and lofty valuation. They have been remarkably resilient to increased interest rates and the potential for slowing growth.”
1. Microsoft Corporation (NASDAQ:MSFT)
Number of Billionaire Investors: 34
Microsoft Corporation (NASDAQ:MSFT) tops our list of the best Reddit stocks to buy according to billionaires. Out of the 910 hedge funds tracked by Insider Monkey, 306 hedge funds had stakes in Microsoft Corporation (NASDAQ:MSFT). Our data shows that 34 of these funds were led or founded by billionaires.
Here is what White Brook Capital has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2023 investor letter:
“The magnificent seven, that underpin the S&P 500 performance, which includes Microsoft Corporation (NASDAQ:MSFT), now comprise almost 30% of the market capitalization of the S&P500. At least three of the seven stocks have heightened downside risk and suffer from already high penetration, weakening end markets, competitive risk, and lofty valuation. They have been remarkably resilient to increased interest rates and the potential for slowing growth. Small and midcap stocks, on the other hand, have been systemically penalized by fears of recession and continue to price that eventuality even as significantly better outcomes have become more probable. Today, it’s relatively easy to find attractive investments in this segment.”
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