In this piece, we will take a look at the five biggest holding companies in USA. For more companies, head on over to the 20 Biggest Holding Companies in USA.
5. The Coca-Cola Company (NYSE:KO)
Market Capitalization as of March 25: $263.47 billion
The Coca-Cola Company (NYSE:KO) is an American multinational corporation founded in 1892, best known as the producer of Coca-Cola. The drink industry company also manufactures, sells, and markets other non-alcoholic beverage concentrates and syrups, and alcoholic beverages.
According to Insider Monkey’s data, 58 hedge funds were bullish on The Coca-Cola Company (NYSE:KO) at the end of Q4 2022, compared to 59 funds in the last quarter. Warren Buffett’s Berkshire Hathaway held the largest stake in the company, with 400 million shares.
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4. The Procter & Gamble Company (NYSE:PG)
Market Capitalization as of March 25: $346.13 billion
The Procter & Gamble Company (NYSE:PG) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble. Today the company manufactures well-known household products, including Crest, Charmin, Tide, Oral-B, Bounty, Febreze, Downy, and Gain.
On January 19, The Procter & Gamble Company (NYSE:PG) reported earnings for the fiscal second quarter of 2023. The company reported an EPS of $1.59 and generated a revenue of $20.77 billion.
According to Insider Monkey’s data, 74 hedge funds were bullish on The Procter & Gamble Company (NYSE:PG) at the end of December 2022, compared to 69 funds in the prior quarter. Ray Dalio’s Bridgewater Associates is a prominent stakeholder of the company, with 4.99 million shares as of the fourth quarter.
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3. JPMorgan Chase & Co. (NYSE:JPM)
Market Capitalization as of March 25: $367.65 billion
JPMorgan Chase & Co. (NYSE:JPM) is an American multinational financial services company headquartered in New York City and incorporated in Delaware. One of the biggest holding company’s in the United States, it is also the country’s largest bank.
In Q4, the company reported EPS of $3.57 on revenue of $34.5 billion versus the consensus of $3.07 on sales of $34.34 billion. Boasting a substantial earnings power, the company’s credit and debt spend increased 9% on a year-over-year basis.
100 of the 943 hedge funds part of Insider Monkey’s Q4 2022 database had bought JPMorgan Chase & Co. (NYSE:JPM)’s shares. The bank’s largest investor in our database is Ken Fisher’s Fisher Asset Management which owns 8.1 million shares that are worth $1 billion.
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2. Johnson & Johnson (NYSE:JNJ)
Market Capitalization as of March 25: $476.24 billion
Johnson & Johnson (NYSE:JNJ) is an American multinational corporation founded in 1886 that is known for developing medical devices, pharmaceuticals, and consumer packaged goods. The company is home to well-known products including Band-Aid bandages, Tylenol pain medications, Neutrogena skin and body products, and Acuvue contact lenses.
Johnson & Johnson (NYSE:JNJ) has increased its annual revenue by 33.1% over the past decade, while its EPS grew by 39.9% within that period. The previous year, however, was an exception as the company reported EPS of $6.73, down 13.8% on account of inflation, increased supply chain costs, and the adverse effect of a strong dollar on the company’s overseas sales.
At the end of Q4 2022, 84 hedge funds in Insider Monkey’s database owned stakes in Johnson & Johnson (NYSE:JNJ), down from 85 in the previous quarter. The collective value of these stakes is over $5.57 billion. Among these hedge funds, John Overdeck and David Siegel’s Two Sigma Advisors is a prominent stakeholder in Q4.
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1. Berkshire Hathaway Inc. (NYSE:BRK.A)
Market Capitalization as of March 25: $654.31 billion
Berkshire Hathaway Inc. (NYSE:BRK.A) is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float in a broad portfolio of subsidiaries, equity positions and other securities. Having ended 2022 with $128.6 billion of cash and equivalents, Warren Buffett’s conglomerate owns dozens of businesses including Geico car insurance and the BNSF railroad.
Out of the 943 hedge funds tracked by Insider Monkey in the fourth quarter, 110 funds were long Berkshire Hathaway Inc (NYSE:BRK.A). Their total stake value was $15.7 billion.
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